GLOSSARY

Consignee. The receiver of goods.

Consignor. The sender of goods.

Consignment. A parcel of goods in transit.

Cost and Freight (C. & F.). A price for merchandise, which
covers the cost of the goods and the freight charges, but not marine
insurance. If marine insurance is included, the term is Cost,
Insurance, and Freight (C.LF.).

Cranage. A charge made at ports for the use of quay cranes.

Customs. Rates levied by the State on certain classes of goods
for revenue purposes.

Customs’ Bond. Security given to H.M. Customs in respect of
dutiable goods on which duty has not been paid. Goods of this
kind are kept in warehouse ‘in’ or “ under Bond,” until such
time as the duty is paid.

Customs Entry. A statement of weight and value, with other
particulars, of imported goods, required to be handed to H.M.
Customs before landing the goods.

Delivery Order. See Freight Release.

Demurrage. The charge incurred for the retention of a ship, or
barge, beyond the stipulated time.

Deposit Account. An account opened with a port authority by
which merchants can deposit in advance a round sum to cover
port and dock charges, so that they may be met without delay, as
soon as they are incurred. It is on the same lines as-a banking
account to meet cheques presented for payment.

Displacement. The weight of a volume of water equivalent to
that occupied by the immersed section of a vessel. This is equal
to the total weight of the vessel producing the displacement. The
weight of sea water may be taken at 35 cub. ft. to the ton.

Dock Pass. A document to be produced before the vessel is
allowed to leave dock. It is a voucher that the dock dues have
been paid. Also, when goods are removed from a dock, a Dock Pass
is furnished to be given up at the entrance as authorization that
the goods are allowed to leave the dock premises.

Drawback. A refund made by H.M. Customs of duties which
have been provisionally paid on certain goods to enable them to be
dealt with and re-exported.

Dunnage. Odd pieces of timber, etc., used for packing, stowing,
protecting, and separating cargoes in holds of vessels and craft.

Entry. The declaration to be handed to H.M. Customs for the
purpose of obtaining the clearance of a vessel or of goods, either as
imports or as exports. There are two classes : Entrv Inwards and
Entry Outwards.

Excise. A tax levied on goods consumed in the country of
origin. It also covers licences in connection with certain trades
and professions.

Ex Quay. Conditions of sale for goods under which the purchaser
is responsible for charges, except those arising out of carriage

(freight) and landing charges.

Ex Ship. Conditions of sale for goods under which the purchaser
is responsible for taking delivery of the goods at the ship’s side.

Ex Warehouse. Conditions of sale for goods under which the
purchaser is responsible for all charges after goods are taken out
of stock.

Free Alongside Ship (F.A.S.). Conditions of sale of goods under

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