- Industry: Convention
- Number of terms: 32421
- Number of blossaries: 0
- Company Profile:
An organization that organizes events with the intention of making a profit.
Industry:Convention
An organization that exists with the intention of providing a service for its members.
Industry:Convention
An ongoing process in which an individual actively seeks to understand and contribute to change.
Industry:Convention
An itemized bill, including prices, of goods and services sold or shipped.
Industry:Convention
An independent business which handles export shipments for compensation. At the request of the shipper, the forwarder makes the actual arrangements and provides the necessary services for expediting the shipment to its overseas destination. The forwarder takes care of all documentation needed to move the shipment from origin to destination, making up and assembling the necessary documentation for submission to the bank in the exporter’s name. The forwarder arranges for cargo insurance, makes the necessary overseas communications, and advises the shipper on overseas requirements of marking and labeling. The forwarder operates on a fee basis paid by the exporter and often receives an additional percentage of the freight charge from the common carrier. In the United States, an export freight forwarder must be licensed by the Federal Maritime Commission to handle ocean freight and by the International Air Transport Association (IATA) to handle air freight. An ocean freight forwarder dispatches shipments from the United States via common carriers, books or arranges space for the shipments, and handles the shipping documentation. See INTERNATIONAL FREIGHT FORWARDER. See AlsoInternational FreightForwarder.
Industry:Convention
An international system for classifying goods in international trade and for specifying the tariffs on those goods. It was adopted at the beginning of 1989, replacing the previously used schedules in over 50 countries, including the Brussels Tariff Nomenclature.
Industry:Convention
An insurance term referring to any defect or other characteristic of a product that could result in damage to the product without external cause. For example, instability in a chemical that could cause it to explode spontaneously. Insurance policies may specifically exclude losses caused by inherent vice.
Industry:Convention
An insurance policy that provides protection against claims involving bodily injury and property damage to third parties.
Industry:Convention
An insurance policy that protects you in the event that there is bodily injury or property damage to other people. The liability can be because of negligence or a failure to live up to promises made under a contract.
Industry:Convention
