Terms used in shipping such as Sailed,Seal Record,SEABEE,Seaway Bill,Section 201,Section 232,Section 301 etc.
This post explains about terms used in shipping such as Schedule B,Scope Determinations ,Sailed,Seal Record,SEABEE,Seaway Bill,Section 201,Section 232,Section 301 etc.These terms used in international business are arranged in alphabetical order and you may add more information about terms used in export business at the end of this article, if you wish.
Terms used in shipping
SAS - Saudi Arabian Standards Organization
SAS - Societe par Actions Simplifiee
Saudi Arabian Standards Organization - SASO was established in April 1972 as the sole Saudi Arabian government organization to promulgate standards and measurements in the kingdom. Primarily, SASO promulgates standards for electrical equipment and some food products. Some of these standards have been adopted by the Gulf Cooperation Council.
SB — Safe Berth - Term in a charter party which places the responsibility onto the cargo interests to order the chartered ship to a berth which is physically safe for her while she is there for the purpose of loading or discharging.
SBM/SPM - Single buoy/point mooring
SC - Senior Commercial Officer
SCAC Code:See Owner Code.
Sch. – Schooner
Schedule B - Schedule B is a U.S. Bureau of the Census publication and is based on the Harmonized Commodity Description and Coding System (Harmonized System). Export statistics are initially collected and compiled in terms of approxiximately 8,000 commodity classifications in Schedule B, Statistical Classification of Domestic and Foreign Commodities Exported from the United States. See: Tariff Schedules of the United States Annotated.
SCHEDULED FLIGHT:Any service that operates under a set timetable.
Scope Determinations - Scope determinations deal with the product coverage of antidumping and countervailing duty orders. The Department of Commerce will determine -- in response to an application from an interested party or on its own initiative -- whether a certain product is included within the scope of an antidumpting and countervailing duty order.
SCR (SPECIFIED COMMODITY RATE):A rate applied to narrowly specified commodities and usually granted on relatively large shipments. Theoretically, it is of limited time duration.
SD - Single deck ship.
sd. – Sailed
SDNs - Specially Designated Nationals
SDR - Special drawing right (limitation of liability)
SDRs - Special Drawing Rights
SEA - Single European Act
SEA TRIALS:A series of trials conducted by the builders during which the owner’s representatives on board act in a consulting and checking capacity to determine if the vessel has met the specifications.
Sea Waybill:Document indicating the goods were loaded on board when a document of title (b/L) is not needed. Typically used when a company is shipping goods to itself.
Sea-Bee Vessels:Ocean vessels constructed with heavy-duty submersible hydraulic lift or elevator system at the stern of the vessel. The Sea-Bee system facilitates forward transfer and positioning of barges. Sea-Bee barges are larger than LASH barges. The Sea-Bee system is no longer used.
SEABEE:Sea-barge, a barge carrier design similar to “LASH” but which uses rollers to move the barges aboard the ship; the self-propelled loaded barges are themselves loaded on board as cargo and are considerably larger than those loaded on LASH ships.
Seal (Container):Metal strip and lead fastener used for locking freight car or truck doors. Seals are numbered for record purposes.
Seal Record:A record of the number, condition and marks of identification on seals made at various times and places, referring to the movement of the container between origin and destination.
Seal:A metal strip and lead fastener used for locking containers, freight cars or truck doors. Seals are numbered for record and security purposes.
Seal:device equipped with a number applied to doors of a trailer after it is loaded that cannot be removed and reapplied. When a shipment leaves a shipper if a seal is applied, the seal number is noted on the bill of lading by shipper. Upon arrival at consignee, if seal is intact then number must be the same as on the bill of lading to keep the integrity of the load.
Seaway Bill:This document serves to provide the terms and conditions of carriage and acts as a receipt of goods tendered to the carrier. However, unlike a bill of lading, a seaway bill is not a document of title.
Seaworthiness - Fitness of a ship for a particular voyage with a particular cargo. The main requirements for seaworthiness are that a ship has sufficient crew, stores and fuel, the machinery and equipment are in good repair and that the ship is fit to receive an carry the cargo.
SEAWORTHINESS CERTIFICATE:A certificate issued by a classification society surveyor to allow a vessel to proceed after she has met with a mishap that may have affected its seaworthiness. It is frequently issued to enable a vessel to proceed, after temporary repairs have been effected, to another port where permanent repairs are then carried out.
SEAWORTHINESS:(1) Statement on the condition of the vessel. It has valid certificates, is fully equipped and manned (2) The sufficiency of a vessel in materials construction, equipment, crew and outfit for the trade in which it is employed. Any sort of disrepair to the vessel by which the cargo may suffer – overloading, untrained officers, etc., may constitute a vessel unseaworthy.
Seaworthiness:The fitness of a vessel for its intended use.
SECOFI - Secretaria de Comercio y Fomento Industrial
Secretar¡a de Comercio y Fomento Industrial - SECOFI is Mexico's Ministry of Commerce and Industrial Promotion.
Section 201 - Section 201, the "escape clause" provision of the Trade Act of 1974, permits temporary import relief, not to exceed a maximum of eight years, to a domestic industry which is seriously injured, or threatened with serious injury, due to increased imports. Import relief, granted at the President's discretion, generally takes the form of increased tariffs or quantitative restrictions. To be eligible for section 201 relief, the International Trade Commission (ITC) must determine that: (a) the industry has been seriously injured or threatened to be injured and (b) imports have been a substantial cause (not less than any other cause) of that injury. Industries need not prove that an unfair trade practice exists, as is necessary under the antidumping and countervailing duty laws. However, under section 201, a greater degree of injury -- "serious" injury -- must be found to exist, and imports must be a "substantial" cause (defined as not less than any other cause) of that injury. If the ITC finding is affirmative, the President's remedy may be a tariff increase, quantitative restrictions, or orderly marketing agreements. At the conclusion of any relief action, the Commission must report on the effectiveness of the relief action in facilitating the positive adjustment of the domestic industry to import competition. If the decision is made not to grant relief, the President must provide an explanation to the Congress. See: Escape clause Trade Act of 1974.
Section 232 - Under section 232 of the Trade Expansion Act of 1962, as amended, Commerce determines whether articles are being imported into the U.S. in quantities or circumstances that threaten national security. Based on the investigation report, the President can adjust imports of the article(s) in question. Commerce must report on the effects these imports have on national security and make recommendations for action or inaction within 270 days after starting an investigation. Within 90 days of the report, the President decides whether to take action to adjust imports on the basis of national security. The President must notify Congress of his decision within 30 days. See: Trade Expansion Act of 1962.
Section 301 - Under section 301, firms can complain about a foreign country's trade policies or practices that are harmful to U.S. commerce. The section empowers the USTR to investigate the allegations and to negotiate the removal of any trade barriers. USTR may also self-initiate investigations. Specific timeframes for conducting the investigations are specified by law. Section 301 requires that GATT's dispute resolution process be invoked where applicable and, if negotiations fail, to retaliate within 180 days from the date that discovery of a trade agreement violation took place. See: Special 301 Super 301.
The above details describes about terms called in shipping such as Schedule B,Scope Determinations ,Sailed,Seal Record,SEABEE,Seaway Bill,Section 201,Section 232,Section 301 etc.These phrases may help importers and exporters on their day to day business activities. The readers can also add more information about terms used in shipping business below this post.Terms used in shipping such as U.S. Affiliate,U.S. Munitions List,Underdeck,Under repair,Unlimited transhipment etc.
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