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Glossary of Terms

 

Learn more about the lingo which sometimes leave you baffled. You can search for the explaination of various terms and Acronyms used in Foreign trade.
Please Click on the Alphabets given under to pull out from the Web the meanings of the terms

Harmonized Code: An internationally accepted and uniform description system for classifying goods for customs, statistical and other purposes.

Harmonized Systems: A key provision of the recently signed trade bill, effective Jan. 1, 1989, that establishes international uniformity for product classifications. Most U.S. Trading partners adopted it a year earlier, and it was drafted in Brussels a decade ago with U.S. representatives' input. In essence, it is a new tariff schedule in that it changes methods of rating some items.

Hatch: The cover of - or opening- in the deck of a vessel, through which cargo is loaded.

Heavy Lifts: Freight too heavy to be handled by regular ship's tackle.

Heavy Lift Vessel: Specifically designed to be self sustaining with heavy lift cranes, to handle unusually heavy and/or out-sized cargoes.

House Air Waybill: An air waybill issued by a freight consolidator. See Air Waybill.

Hub: A central location to which traffic from many cities is directed and from which traffic is fed to other areas.

Hundredweight (cwt.): A short ton hundredweight = 100 pounds. Long ton hundredweight = 112 pounds.

Husbanding: Term used by steamship lines, agents, or port captains who are appointed to handle all matters in assisting the master of the vessel while in port to obtain bunkering, fresh water, food and supplies, payroll for the crew, doctors appointments, ship repair, etc.

Disclaimer

We publish the Industry terminology and acronyms as a courtesy to the international commerce community. While we have performed exhausting research in order to supply the most accurate and best available information we do not accept any responsibility for the usage of the terms as described in this website.

We have so many acronyms that they have been stored on seperate pages for speed in loading, please click on the alpha letter below to go to the page of the accronym you are looking for.

 
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