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Domestic Brokerage License
Authority granted by the U.S. Interstate Commerce Commission to persons to engage in the business of ar¬ranging for transportation of persons or property in inter¬state commerce.
A computer program used to access and search the Internet (World Wide Web).
Brussels Tariff Nomenclature
A once widely used international tariff classifi¬cation system which preceded the Customs Cooperation Council Nomenclature (CCCN) and the Harmonized Sys¬tem Nomenclature (HS) - Harmonized Tariff Schedule - Customs Cooperation Council Nomenclature
Raw materials, component parts or finished goods maintained in inventory specifically in anticipation of unfore¬seen shortages of materials or component parts or unusual de¬mand for finished goods. The volume of buffer stock held in inventory is typically determined by such factors as order ful¬fillment time from the supplier, delivery time from its point of origin, the potential for problems with supply and the potential for unusual increases in demand tor finished products.
British term for a savings and loan banking institution.
Homogenous cargo that is stowed loose in the hold of a ship and is not enclosed in a shipping container or box, bale, bag, cask, or the like. Bulk cargo consists entirely of one commod¬ity and is usually shipped without packaging. Specifically, bulk cargo is composed of either 1) free flowing articles such as oil, grain, coal, ore, and the like which can be pumped or run through a chute or handled by dumping or 2) uniform cargo that stows as solidly and requires mechanical handling for lading and discharging. This includes such items as coils, rails, rods, ingots, bars, plates, billets, slabs, pipes and sheets of steel or other metals; timber, lumber and paper products as a commodity and certain perishable goods, not in boxes, bags or containerized and not frozen, but laden and stowed in a way similar to other types of bulk cargo (includes seafood and produce). One necessary aspect of bulk cargo is fungibility (goods that are identical with others of the same nature).
It is important to note that the difference between bulk and break bulk is based not only on the type of cargo, but also on the way in which the cargo is stowed or loaded.
For ex¬ample, bananas stowed loosely in a hold (not in boxes or containers) is considered bulk. Palletized boxes of ba¬nanas loaded directly into a hold (but not loose or contain¬erized) is considered break bulk - break bulk cargo
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