Advance Fee Fraud



Advance Fee Fraud :




Ad Valorem

Literally - according to value

general - Any charge, tax or duty that is applied as a per¬centage of value

taxation - A tax calculated on the value of the property - Subject to the tax

shipping - A freight rate set at a certain percentage of the declared value of an article

U.S. Customs - Ad valorem duty - A duty assessed as a percentage rate or value of the imported merchandise

For example 5% ad valorem


Advance Against Collection - (banking)

A short term loan or credit extended to the seller (usually the exporter) by the seller’s bank once a draft has been accepted by the buyer (generally the importer) of the seller’s goods. Once the buyer pays, the loan is paid off. If the buyer does not pay the draft, the seller must still make good on the loan


Advance Arrangements - (shipping)

The shipment of certain classes of commodi¬ties – examples : gold, precious gems, furs, live animals, human remains and oversized shipments—require ar¬rangements in advance with carriers.


Advance Fee Fraud = (AFF) - (law)

419 scam.


AFF = Advance Fee Fraud - (law)

419 scam


Advance Shipment Notice = ASN - (logistics)

A document transmitted (by courier, fax or e- mail) to a consignee in advance of delivery detailing the contents and particulars of a shipment. The particulars may include such items as shipment date, method of trans¬port, carrier, expected date and time of arrival and a full listing of contents


ASN = Advance Shipment Notice - (logistics)

A document transmitted (by courier, fax or e- mail) to a consignee in advance of delivery detailing the contents and particulars of a shipment. The particulars may include such items as shipment date, method of trans¬port, carrier, expected date and time of arrival and a full listing of contents


Advanced Technology Products = ATP - U.S. trade law

About 500 of some 22,000 commodity classification codes used in reporting U.S. merchandise trade are identified as “advanced technology” codes and they meet the following criteria

(1) The code contains products whose technology is from a recognized high technology field (e.g., biotechnology)

(2) These products represent leading edge technology in that field

(3) Such products constitute a significant part of all items cov¬ered in the selected classification code


Advancement of Charges - (shipping)

A service under which a shipping line or airline, in some instances, pays incidental charges arising before or after a shipment or airhaul. Examples include cartage and ware¬housing costs. These charges can be in advance for the con¬venience of either the shipper or the receiver.


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