Definitions

09 January 2015
K2_ITEM_AUTHOR 

Waybill
Is a written list of the names and descriptions of cargo on a vehicle or a train or a car, which is the official document accepted by the transport company in the case of the claimant's goods transport company or insurance company to recover the price of the loss or damage during shipment

 

Free On Board FOB
Pricing refers to the condition that the price includes the price of the goods loaded on board the vessel at a specific place, not only because the source responsible for the goods to be placed on board the ship in the port of departure, so that the buyer bears all costs and risks that may cause the goods after their ship


Cost Insurance and Freight CIF
Pricing refers to the condition that the price includes the cost of goods, insurance and freight costs to the Center of the arrival of the goods to the importing country.


Ex-Works or EX-Factory EXW
Pricing requirement is limited to the liability of the seller in the preparation of goods to the buyer at the premises of the seller such as a factory or warehouse, the buyer bears all costs of transporting goods as well as any risks resulting from the receipt of goods from the seller access to places, and this condition is a minimum commitment of the the seller


Deliver Duty Paid DDP
Pricing requirement stipulates that the seller comply with its obligations to deliver the goods to the buyer, cleared for import-house and on means of transport in the place designated access, and this condition represents the upper limit of the obligation for the seller


Most Favored Nation MFN
The text is added to the treaties and agreements in the economic, financial and air and sea, which would commit both countries to grant the same privileges or other facilities or exemptions previously granted or may grant in future to a third country, which is one of the principles of the WTO


Demurrage Containers
Fees paid by the importer for the delay in the return of freight containers in the port of destination after giving him a week or two weeks or as agreed between the shipping company and the importer. The period from the date of registration of the ship manifest in the port


Storage Fees
Instead of flooring and storage yards in the port paid by the importer or the High clearance of the goods after the expiration of the grace period given


Customs Duties
Are usually levied on imported goods and met by customs, including consular fees and fines third-certified invoice and fee analysis of goods in customs laboratories


Export Quotas
Is to regulate the quantities of goods permitted for export, the government resorted to this procedure either for the purpose of supporting the control to avoid high prices, or to take control of the goods for defensive purposes


Tariff Book
Contains all tariffs and other requirements, especially Importer - detailed for each product



Customs Declaration Form CDF
A document prepared by the agents of ridding accredited (or a customs agent metaphor) who organize the statement and the calculation of customs duties and taxes which will be forwarded by the customs authorities. The statement must be prepared accurately and customs is identical to the statement of the reality of the goods and invoice in order to avoid fines customs


Environmental Permit
Permission required for all chemicals and raw materials normally issued in the country of destination


Export Declaration Form EDF
The document describes the products and shows the value and weight, the name of the source, the carrier, port of departure, destination, destination, and submit to the customs authorities upon export


Bonded Goods
The goods stored in warehouses before the assembly of owners in preparation for the payment of fees or taxes in the case of clearance or part thereof or re-exported


Rules of Origin
A set of rules contained in the commercial agreements to facilitate the identification of country of origin, where used to determine the country of origin to obtain preferential tariff exemptions provided for in the free trade agreements


Pro-Forma Invoice
The bill prepared by the source pursuant to a sale or inquiry, and the receipt of this invoice to the importer does not require him to buy the products. This document contains a full description of the products, prices, import specification, expected delivery dates, terms and payment schedules, the road approach, packing, shipping, insurance, unloading goods. This document is essential for the importer to obtain the import license or open a documentary credit


Import License
A license is issued to the importer directorates economy would allow him to bring limited amounts of goods and specific goods, can not be imported unless such license. It is a tool to control the government and control the movement of trade across national borders


Harmonized System
International classification system known by the goods traded internationally under the symbol troublesome one, as are articles in groups according to the nature of the materials made from them


Phytosanitary Certificate
A certificate stating that the grain or seeds or seedlings exporting nuclear plant diseases


Certificate Of Weight
A certificate stating the true weight of the goods and demand for goods, mostly based on weight, such as rice, sugar and iron


Specification List
Document outlining the specifications, sizes and measurements of the goods in terms of length, width and thickness, and any other specifications, and also shows the quantity of the goods in cubic meters, and are usually used for goods, which depend on the size and measurement, not weight, or packaging such as wood and some types of iron


Certificate of Surveillance or Inspection
Certificate issued by a competent companies such LLOYDS Lloyds or SGS where sampling and pre-shipment inspection of goods directly to make sure these specifications, and can inspect goods at the port of destination if they are damaged during shipment


Analysis Certificate
Requests that the certificate of the materials that need to be analyzed to determine the proportion of components must be issued by the specialized bodies such as laboratories


Clearance Papers
The cards that give the customs authorities at the port to the ship's captain to point out that the vessel has fulfilled its obligations and have the right to leave the port


Customs Declaration
With the passage of goods imported or exported at the checkpoints or customs clearance should be provided with permits to facilitate their passage, and customs declarations, several models commensurate with the duties specified


Customs Bond
Is a pledge of requests submitted by importers and owners of warehouses and transport companies and persons who import and handling of goods subject to customs duties, and the purpose of this undertaking protect the interest of the Government during the existence of these goods in the warehouse or during the handling and clearance of transactions before clearance by customs


Custom Broker
legal person is free of official transactions for goods imported and the customs clearance papers and preparing goods for export and submitted to the customs authorities, as well as providing documents and other documents
required by governmental authorities in foreign countries


Customs Clearance
Are transactions and formalities, which include the payment of fees and highlight the documents required for customs clearance of goods imported after lowered customs checkpoint in the air, sea or land


Discriminating Duties
Taxes are imposed on imports of a certain particular rate of tax is higher than the price at which imposes on similar imports from other countries


Brand Name
The symbol is used to distinguish one product from the trade of similar products produced by competitors. Trademarks and enjoy legal protection from abuse of others in the domestic laws and international law


Manifest
The statement was prepared by the master of the ship on which the goods unloaded from the ship to the port and a copy sent to the customs and shipping agents. This statement contains a full description of the goods, the importer's name, weight, number of packages, volume of cargo, ship's name, flight number, port of loading and port of discharge


Protective Tariff
You know it is decided for the purpose of protecting or promoting local industry, through a high tariff rate on imported goods that compete with similar goods manufactured locally, and such tariff works to promote national industry and diversify, but at the same time working to raise the cost of production and consequently affect the purchasing power Citizens


Re-exportation
Is the export of goods or goods that had been imported from a foreign country without a car or have any fundamental change in it. This process occurs in the case of refusal by imported goods because of irregularities in terms of shipment. Are also re-export the goods to the country of origin or to any other country in the event of a refusal by the customs authorities and health clearance because of its suitability for human consumption


Export Duties
What is the amount of tax imposed by the government indirectly on goods exported to overseas and paid by the source, whether incurred by itself or transferred to the producer or forfeited by the importer, and also include the government-imposed fees in return for the right to export


Export Incentives
Financial assistance granted by the government for local companies to promote exports and help the balance of payments, including export incentives, direct subsidies to reduce export prices - export subsidy, tax privileges - exemption of profits derived from exports, and credit facilities - low-cost export financing, financial guarantees - reserve for bad debts, In the opinion of other countries in the export incentives unfair trade practice, which prompts them to take retaliatory action

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About us

We have an insured fleet of trucks and large cars in various sizes and working all day long to deliver goods on time so that we can meet the large Saudi market and we do customs clearance in many forms such as containers, packages and etc.

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