International Logistics Ch9

Front 1

Air waybill

Back 1

A bill of lading used in the transportation of goods by air, domestically or internationally.

Front 2

bill of lading

Back 2

A generic term used to describe the contract of carriage issued by the carrier to the shipper.

Front 3

Carrier

Back 3

The transportation company that will provide transportation services to the shipper.

Front 4

certificate of analysis

Back 4

A document provided by an independent inspection company that attests that the goods conform to the chemical description and purity levels contained in the invoice provided by the exporter

Front 5

certificate of conformity

Back 5

Another term for a Certificate of Certification

Front 6

certificate of certification

Back 6

A document provided by an independent inspection company that attests that the goods conform to the manufacturing standards of the importing country

Front 7

certificate of free sale

Back 7

A certificate that attests that the product that is exported conforms to all of the regulations in place in the exporting country and that it can be sold freely in the exporting country

Front 8

certificate of inspection

Back 8

A document provided by an independent inspection company that attests that the goods conform to the description contained in the invoice provided by the exporter

Front 9

certificate of insurance

Back 9

A document provided by the insurance company of the exporter that attests that the goods are insured during their international voyage.

Front 10

certificate of maufacturing

Back 10

A document provided by the exporter's chamber of commerce that attests that the goods were manufactured in the country in which the exporter is located.

Front 11

certificate of origin

Back 11

A document provided by the exporter's chamber of commerce that attests that the goods originated in the country in which the exporter is located

Front 12

charter party

Back 12

A type of contract of carriage between a carrier and a shipper, in which the shipper uses all or most of the carrying capacity of the ship to transport commodities.

Front 13

clean bill of lading

Back 13

A bill of lading that reflects the fact that the carrier received the goods in good condition.

Front 14

commerce control list

Back 14

A list maintained by the Bureau of Industry and Security that details which commodities and products cannot be exported from the United States without the express authorization of the U.S. government.

Front 15

commercial invoice

Back 15

The invoice sent by the seller to the buyer, detailing the goods purchased and the amount due. A bill. In international trade, a commercial invoice should be quite detailed and include all of the pertinent information.

Front 16

consignee

Back 16

The party named on a bill of lading as the owner of the goods, or, at least, as the party to whom the goods should be surrendered at their destination.

Front 17

consular invoice

Back 17

A commercial invoice that is printed on stationery provided by the consulate of the country in which the goods will be imported.

Front 18

damp lease

Back 18

An agreement between the owner (lessor) of an aircraft and the lessee, under which the owner provides some services in addition to the aircraft itself.

Front 19

destination control statement

Back 19

A formal statement which an exporter has to print on its invoice and on the Shipper's Export Declaration if the goods shipped are subject to a validated export license: “This merchandise licensed by U.S. for ultimate destination [country]; diversion contrary to U.S. law prohibited.”

Front 20

dry lease

Back 20

An agreement between the owner (lessor) of an aircraft and a lessee in which the owner provides only the aircraft, without any other services

Front 21

Electronic Data Interchange (EDI)

Back 21

A method to send documents (invoice, certificates, packing lists, and so on) from one company to another using electronic means.

Front 22

End-use Certificate

Back 22

A document required by some governments in the case of sensitive exports, such as ammunition, to ensure that the product is used for purposes that are acceptable to the exporting country's government.

Front 23

Export Quota

Back 23

A limit, set by the exporting country's government, on the quantity of a specific commodity that can be exported in a given year

Front 24

foul bill of lading

Back 24

Another term for a soiled bill of lading

Front 25

import license

Back 25

The express authorization, granted by the government of the importing country, to import a particular product in a given quantity

Front 26

individual validated export license

Back 26

The express authorization, granted by the government of the exporting country, to export a particular product, or to export to a particular country or particular individual

Front 27

intermodal bill of lading

Back 27

A bill of lading used in the intermodal transportation of goods, domestically or internationally

Front 28

intermodal shipment

Back 28

An international shipment that will use several means of transportation under a single bill of lading.

Front 29

manifest

Back 29

A document, internal to the shipping company (the carrier), that lists all cargo onboard the transportation vehicle

Front 30

negotiable bill of lading

Back 30

A bill of lading on which the name of the consignee has been left blank or where the words “to order” have been entered.

Front 31

non-vessell operating common carrier

Back 31

A shipment consolidator or freight forwarder that does not own any means of transportation but issues its own bills of lading and therefore acts as a carrier.

Front 32

ocean bill of lading

Back 32

A bill of lading used in international transportation of goods on oceangoing vessels.

Front 33

packing list

Back 33

A detailed list of what is contained in a shipment

Front 34

phyto-sanitary certificate

Back 34

A document provided by an independent inspection company, or by the agriculture department of the exporting country's government, that attests that the goods conform to the agricultural standards of the importing country.

Front 35

pre-shipment inspection

Back 35

An inspection conducted by an independent inspection company before the goods are shipped internationally. A Pre- Shipment Inspection generates a Certificate of Inspection.

Front 36

pro forma invoice

Back 36

A quote provided by the exporter to the importer for the purpose of the importer obtaining a Letter of Credit

Front 37

shipper

Back 37

The party to an international transaction that is responsible for arranging the transportation of the goods

Front 38

Shipper's Export Declaration (SED)

Back 38

A document collected by U.S. Customs designed to keep track of the type of goods exported from the United States, as well as their destination and their value.

Front 39

shipper's letter of instruction

Back 39

A document in which the shipper spells out how it wants the carrier to handle the goods while they are in transit

Front 40

soiled bill of lading

Back 40

A bill of lading that reflects the fact that the carrier received the goods in anything other than good condition.

Front 41

straight bill of lading

Back 41

A bill of lading on which the name of the consignee has been entered.

Front 42

to order bill of lading

Back 42

Another term for a negotiable bill of lading.

Front 43

uniform bill of lading

Back 43

A bill of lading used in the transportation of goods on trucks and trains, either domestically or internationally.

Front 44

visa

Back 44

A process by which the consulate of the country in which the goods will be imported reviews and approves the consular invoice for a fee. A visa shows on the consular invoice as a rubber stamp or a seal.

Front 45

wet lease

Back 45

An agreement under which the owner (lessor) of an aircraft provides the airplane, insurance, maintenance services, fuel, and a flight crew to the lessee, who has to cover all of the other variable costs, such as airport fees.

Front 46

The United States export policy is mostly concerned about ___.

Back 46

keeping some military technologies away from some countries

Front 47

The commercial invoice ___.

Back 47

The commercial invoice is sent with the shipment, it is separate from a letter of credit, and it has no connection to an export license.

Front 48

A product not on the Commerce Control List, or whose Export Control Classification Number does not call for an export license, is classified as ___.

Back 48

NLR, SED, BIS, and UCC are not classifications of an ECCN. The correct answer is EAR99, a classification that needs to be included on the SED.

Front 49

The pro-forma invoice ___.

Back 49

must be written with extreme care to avoid discrepancies between the letter of credit and the commercial invoice

Front 50

The sentence "This merchandise licensed by U.S. for ultimate destination [country]. Diversion contrary to U.S. Law prohibited" is ___.

Back 50

The correct answer is Destination Control Statement.

Front 51

Besides a contract and a receipt for goods, an ocean bill of lading is ___.

Back 51

a) a certificate of title
b) a substitute for a Certificate of Insurance
c) an Incoterm
An ocean bill of lading is also a certificate of title, which is the document that the shipping company will need to see to authorize the release of the goods in the port of destination.

Front 52

Export taxes ___.

Back 52

may be used when the shipped goods are minerals in short supply, or when the product has been heavily subsidized by the government
Several countries require exporters to pay an export tax on certain commodities.

Front 53

In most cases, an intermodal bill of lading ___.

Back 53

is a straight bill of lading

Front 54

EDI is ___.

Back 54

a) Electronic Data Interchange
b) an electronic exchange of documents from computer to computer
c) based upon a legal agreement between sender and recipient

Front 55

End-Use Certificates ___.

Back 55

certify that the product is going to be used for a legitimate purpose.
End-Use Certificates are documents that certify that the product is going to be used for a legitimate purpose, such as military training, and that the product will not be diverted to another, less acceptable task. Most of these are provided by the governments of the importing country.

Front 56

ECCN

Back 56

Export Control Classification Number- determines whether it will necessitate an export license

Front 57

why would a importer require a pre-shipment inspection

Back 57

to protect against unscrupolous exporters. to ensure the correct classification and valuation of the goods upon entry.
speeds up the process of Customs clearance and the collection of duties

Front 58

ocean bill of lading has three general functions"

Back 58

It is a contract
it is a receipt for the goods
it is a certificate of title