Chattel Lien

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Certified Trade Missions Program - U.S.

Former name : state / industry organized, government approved (S/IOGA). The U.S. Department of Commerce, through its Certified Trade Missions Program, offers guid¬ance and assistance to federal, state and local development agencies, chambers of commerce, industry trade associations, and other export-oriented groups that arc interested in becom¬ing more actively involved in export promotion. Certified Trade Missions open doors to government and business lead¬ers in promising export markets around the world.

Once the sponsoring organization has selected the coun¬tries to be considered, proposed an itinerary, and outlined its mission goals and objectives, the Department of Com¬merce coordinates the mission itinerary with its commer¬cial staff at U.S. embassies and consulates overseas. These posts help to arrange the mission’s activities to make the most productive use of each member’s time at each stop on the itinerary. Some missions also include informational or technical seminars specifically designed to exhibit and promote sales of sophisticated products, technology, or services in targeted markets. Contact: Certified Trade Mis¬sions; U.S. Department of Commerce; 1401 Constitution Avenue – NW - Washington - DC 20230 USA

Cession of Goods - law

A surrender of goods. A relinquishment of a debtor’s property to creditors when the debtor cannot pay his or her debts.

C and F

Cost and Freight - Incoterms

Chaebol - Korea

Korean conglomerates which are characterized by strong family control, authoritarian management, and central¬ized decision making. Chaebol dominate the Korean econ¬omy, growing out of the takeover of the Japanese monopoly of the Korean economy following World War n. Korean gov¬ernment tax breaks and financial incentives emphasizing in¬dustrial reconstruction and exports provided continuing support to the growth of Chaebols during the 1970s and 1980s. In 1988, the output of the 30 largest chaebol repre¬sented almost 95% of Korea’s gross national product


ship chandlery

Chargeable Weight - shipping

The greater of a shipment’s actual weight or volume weight

Charge D’affaires - diplomacy

A subordinate diplomat who takes charge in the absence of the ambassador

Charges Advanced

advancement of charges

Charges Collect - shipping

The total transportation charges which may in¬clude pickup and/or delivery charges which are entered on the ocean or air waybill to be collected from the con¬signee. Equivalent terms are freight collect or charges forward.

Charter - law

(a) An instrument issued by a government to the governed people, a specific part of the people, a corpora¬tion, a colony, or a dependency confirming or conferring described rights, liberties or powers

(b) A legislative act that creates a business corporation or that creates and de¬fines a corporate franchise

Charter Party = Charter Agreement

A charter party or charter agreement is a lease or agreement to hire an airplane, vessel, or other means of conveyance to transport goods on a designated voyage to one or more locations

Gross Charter

A gross charter is a charter agreement by which the shipowner furnishes per¬sonnel and equipment and incurs other expenses, such as port costs

Bareboat Charter

A bareboat charter is a charter agreement under which an individual or legal entity charters a vessel without a crew, assumes full possession and control of the vessel, and is generally invested with temporary owner¬ship powers.

Charter Party Bill of Lading – shipping

A bill of lading issued by a charter party. Char¬ter party bills of lading are not acceptable by banks under letters of credit unless they are specifically authorized in the credit. See bill of lading.

Charter Party Contract - shipping

Contract according to which the precisely des¬ignated freight room of a ship or the whole ship is leased by the owner to a charterer for a specific period, specific voyage or voyages. If a ship is chartered without crew this is a bareboat charter. The freight documents issued by the current charterer or his authorized party are called charter party bills of lading.

Charter Service - shipping

The temporary hiring of an aircraft, usually on a trip basis, for the movement of cargo or passengers.

Chartered Bank - Canada

Financial institution licensed by the Canadian Parliament under the Bank Act to operate as a bank

Chartered Ship - shipping

A ship leased by its owner or agent for a stated time, voyage or voyages.

Chassis – shipping

A special trailer or undercarriage on which containers are moved over the road. Chassis comes in skeletal types, parallel frame, perimeter frame and goose neck types, among others.

Chattel - law

An item of personal property

Chattel Lien - law

A lien on chattel in favor of a person who has ex¬pended labor, skill, or materials oh the chattel or has fur¬nished storage for it at the request of the owner, an agent, or a party who legally possesses it.

Chattel Paper - law

A writing or a group of writings that constitute a se¬curity interest in, or a lease of, specific goods for a mone¬tary obligation.

Check Digit - logistics

A one-digit number added to the end of a data field (e.g., container serial number, air waybill number) for added security. A check digit is calculated from the preceding values in the data field using a mathematical formula.

Chief Mate – shipping

The second in command officer of a ship. Re¬sponsibilities include: the stability of the ship, loading the ship and all seamen and mates on board. Chief mate is the fifth level job of six towards becoming a capitan (ordinary seaman, able-bodied seaman, third mate, second mate, chief mate, captain).

Chill A Sale - law

Combining or conspiring (of buyers or bidders) to suppress competition at a sale, in order to acquire property at less than fair market value.

Chinaman – insurance

An insurance policy that set a target global gross shipping tonnage loss for a calendar year. If the loss was less than the stipulated amount, the insurance paid out. This form of insurance was technically unlawful, because there was no insurable interest. Policies, however, were often marked P.P.I. (Policy is Proof of Interest). Their use continued until they were banned by Lloyds of Lon¬don in the 1970s - insurable interest, - tonner

Chose in Action

thing in action

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