Caribbean Common Market



Caribbean Common Market :




Cargo Selectivity System - U.S. Customs

A part of U.S. Customs Automated Com¬mercial System, specifies the type of examination (inten¬sive or general) to be conducted for imported merchandise. The type of examination is based on data¬base selectivity criteria such as assessments of risk by filer, consignee, tariff number, country of origin, and man- ufacturer/shipper. A first time consignee is always se¬lected for an intensive examination. An alert is aiso generated in cargo selectivity the first time a consignee files an entry in a port with a particular tariff number, country of origin, or manufacturer/shipper - Automated Commercial System


Caribbean Common Market = CARICOM

A regional trade alliance composed of 13 English speak¬ing Caribbean nations. Its purpose is to further economic development and increase social and cultural cooperation among member nations. Members include Antigua and Barbuda, the Bahamas, Barbados, Belize, Dominica, Gre¬nada, Guyana, Jamaica, Montserrat, St. Kitts-Nevis, St. Lucia, St. Vincent and the Grenadines, and Trinidad and Tobago. Contact: Caribbean Common Market - Bank of Guyana Building - PO Box 10827 – Georgetown - Guyana - Tel: (592) 222-0001-75 - Fax: (592) 222-0171


Carnet - customs

A customs document permitting the holder to carry or send merchandise temporarily into participating foreign countries (for display, demonstration, or similar purposes) without paying duties, value-added taxes or posting bonds - ATA Camet - TECRO / AIT Camet


Carriage and Insurance Paid To = CIP - Incoterms 2000

An international trade term of sale in which, for the quoted price, the seller/exporter clears the goods for export, delivers them to the carrier, and is responsi¬ble for paying for carriage and insurance to the named place of destination. However, once the goods are delivered to the carrier, the buyer is responsible for all additional costs.

In Incoterms 2000 the seller is also responsible for the costs of unloading, customs clearance, duties and other costs if such costs are included in the cost of carriage such as in small package courier delivery.

The seller is responsible for procuring and paying for in¬surance cover.

The CIP term is valid for any form of transport including multimodal.

The named place of destination in CIP and all C Inco¬terms 2000 is domestic to the buyer, but is not necessarily the final delivery point.

The Carriage and Insurance Paid To term is often used in sales where the shipment is by air freight, containerized ocean freight, courier shipments of small parcels, and in ro-ro (roll-on, roll-off) shipments of motor vehicles.

A carrier can be a shipping line, airline, trucking firm, railway or also an individual or firm who undertakes to procure carriage by any of the above methods of transport including multimodal. Therefore, a person, such as a freight forwarder, can act as a carrier under this term.

If subsequent carriers are used for the carriage to the agreed destination, the risk passes when the goods have been delivered to the first carrier.


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