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Glossary

Abbreviation

Description

HS

HS is the abbreviation of Harmonized  System, which is an international nomenclature defined by the World Customs  Organization (WCO) for the classification of products. It allows  participating countries to classify traded goods on a common basis for  customs purposes. At the international level, the HS for classifying goods is  a six-digit code system. HS is used by more than 200 countries and economies  as a basis for their Customs tariffs and for the collection of international  trade statistics. Over 98 % of the merchandise in international trade is  classified in terms of the HS.

HS is also the abbreviation of our  company name: HS International Group Ltd.

ImpExp

ImpExp is the abbreviation of Import  Export; www.ImpExp.com is the website of Import and Export Data Centre, HS  International Group Ltd.

JKCK

JKCK is the abbreviation of 'Jing Kou Chu  kou'; ' Jing Kou Chu kou ' is the spelling of 'Import Export' in Chinese. Therefore,  'JKCK' means 'Import Export'.www.JKCK.com is the website in Chinese of Import  and Export Data Centre, HS International Group Ltd.

CD

Customs Data, is also called Customs  Import and Export Data, Import and Export Customs Data. CD contains names of  importers or exporters, searched according to HS Code of the product. CD  includes Customs Import Data and Customs Export Data.

CCD

CCD means China Customs Data, also called  China Customs Import and Export Data, China Import and Export Customs Data

BD

Bills Data, i.e. Bills Import and Export  Data, Import and Export Bills Data. BD contains names of importers or  exporters, searched according to the keyword of the product. BD includes  Bills Import Data and Bills Export Data.

USBID

USBID is the abbreviation of US Bills  Import Data

USBED

USBED is the abbreviation of US Bills Export  Data

SD

Statistics Data, i.e. Statistics Import  and Export Data, Import and Export Statistics Data. SD is searched according  to HS Code of the product, without names of importers or exporters Generally.  SD includes Import Statistics data, and Export Statistics data.

CSD

CSD is the abbreviation of China  Statistics Data

GTF

Global Trade Flow, a statistics data by  country. GTF includes Global Import Flow and Global Export Flow.

GEI

Global Exporters & Importers, a  detailed directory of exporting and importing companies.. GEI includes Global  Exporters and Global Importers.

TTD

Total Trade Data, , i.e. Total Trade  Import and Export Data, Total Import and Export Trade Data, Total Import and  Export Data. TTD includes Total Import Data and Total Export Data.

Incoterm

International Commercial Term

CIF

CIF is a trade term (Incoterm) meaning  Cost, Insurance and Freight.Title and risk pass to buyer when  delivered on board the ship by seller who pays transportation and insurance  cost to destination port. Used for sea or inland waterway transportation.This  Term involves insurance with FOB price and ocean freight. The marine  insurance is obtained by the exporter at his cost against the risk of loss or  damage to the goods during the carriage.

FOB

FOB is a trade term (Incoterm) meaning  Free on Bord.The FOB (Free on Board) price is  inclusive of Ex-Works price, packing charges, transportation charges upto the  place of shipment., Seller also responsible for o clear customs dues, quality  inspection charges, weight measurement charges and other export related dues.  It is important that the shipment term in the Bill of Lading must carry the  wording 'Shipped on Board' it must bear with signature of transporter or  carrier or his authorized representative with the date on which goods were  'Boarded'.

CIP

CIP is a trade term (Incoterm) meaning  Carriage Insurance Paid To. Title and risk pass to buyer when delivered to  carrier by seller who pays transportation and insurance cost to destination.  Used for any mode of transportation.This term is similar to Carriage Paid To  but the seller has to arrange and pay for the insurance against the risk or  loss or damage of the goods during the shipment.

CFR

CFR is a trade term (Incoterm) meaning  Cost and Freight.In this term the exporter bears the cost  of carriage or transport to the selected destination port, in this term the  risk transferable to the buyers at the port of shipment.

EXW

Ex Works. Title and risk pass to buyer  including payment of all transportation and insurance cost from the seller's  door. Used for any mode of transportation.

FCA

Free Carrier  named point.Title and risk pass to buyer including  transportation and insurance cost when the seller delivers goods cleared for  export to the carrier. Seller is obligated to load the goods on the Buyer's  collecting vehicle; it is the Buyer's obligation to receive the Seller's  arriving vehicle unloaded.

FAS

Free Alongside Ship.Title and risk pass to buyer including payment of all transportation and  insurance cost once delivered alongside ship by the seller. Used for sea or  inland waterway transportation. The export clearance obligation rests with  the seller.

CPT

Carriage Paid To. Title, risk and insurance  cost pass to buyer when delivered to carrier by seller who pays  transportation cost to destination. Used for any mode of transportation.

This term uses land transport by rail,  road and inland waterways. The seller and exporter are responsible for the carriage  of goods to the nominated destination and have to pay freight up the first  carrier.

DAF

Delivered At Frontier. Title, risk and  responsibility for import clearance pass to buyer when delivered to named  border point by seller. Used for any mode of transportation.

This term is used when the goods are to  be carried by rail or road.

DES

Delivered Ex-Ship.Title, risk,  responsibility for vessel discharge and import clearance pass to buyer when  seller delivers goods on board the ship to destination port. Used for sea or  inland waterway transportation.

DEQ

Delivered Ex-Quay. Title and risk pass to  buyer when delivered on board the ship at the destination point by the seller  who delivers goods on dock at destination point cleared for import. Used for  sea or inland waterway transportation.

DDU

Delivered Duty Unpaid. Seller fulfills  his obligation when goods have been made available at the named place in the  country of importation.

DDP

Delivered Duty Paid. Title and risk pass  to buyer when seller delivers goods to the named destination point cleared  for import. Used for any mode of transportation.