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B/L
Categories:
  • Term/Acronym
  • Document
  • U.S. Export-Related
Bill of Lading: A document which evidences a contract of carriage by sea. The document has the following functions: 1. A receipt for goods, signed by a duly authorised person on behalf of the carriers. 2. A document of title to the goods described therein. 3. Evidence of the terms and conditions of carriage agreed upon between the two parties. At the moment 3 different models are used: 1. A document for either Combined Transport or Port to Port shipments depending whether the relevant spaces for place of receipt and/or place of delivery are indicated on the face of the document. 2. A classic marine Bill of Lading in which the carrier is also responsible for the part of the transport actually performed by himself. 3. Sea Waybill: A non-negotiable document, which can only be made out to a named consignee. No surrender of the document by the consignee is required.



   

BAF
Categories:
  • Term/Acronym
  • Law/Act/Regulation
  • U.S. Export-Related
  • U.S. Import-Related
BAF - Bunker Adjustment Factor: refers to floating part of sea freight charges which represents additions due to oil prices. BAF charges used to be determined by Carrier Conferences to be applicable for a certain period on a certain trade route.



   

BASCAP
Categories:
  • Term/Acronym
  • Treaty/Convention/Agreement
  • Multilateral/International
  • Anti-Competitiveness Protection
Counterfeiting and piracy impact virtually every product category. The days when only luxury goods were counterfeited, or when unauthorized music CDs and movies DVDs were sold only on street corners are long past. Today, counterfeiters are producing fake foods and beverages, pharmaceuticals, electronics and electrical supplies, auto parts and everyday household products. And, copyright pirates have created multi-million networks to produce, transport and sell their unauthorized copies of music, video and software. Millions of fake products are being produced and shipped around the world to developing and developed markets at increasingly increasing alarming rates. Millions of consumers are now at risk from unsafe and ineffective products, and governments, businesses and society are being robbed of hundreds of billions in tax revenues, business income and jobs. The drain on the global economy is significant and the longer term implications of the continuing growth in this illicit trade are enormous. The OECD has reported that “international trade in counterfeit and pirated products could be up to US$ 200 billion”. Taken together with the value of domestically produced and consumed counterfeits, the significant volume of digital and fake products being distributed via the Internet, and the loss of economic development, harm to heath & safety, reduced technology transfer, and innovation, the total magnitude of counterfeiting and piracy worldwide is well over US$ 600 billion.

ICC

   

Beef and Pork Fee
Categories:
  • Term/Acronym
  • Law/Act/Regulation
  • U.S. Import-Related
  • Product-Specific
Beef and Pork Fee is an assessment collected on importation of cattle, hogs, beef, pork and products. The assessment varies according to tariff number. The class code for beef is 053 and 054 for pork.

U.S. Customs and Border Protection (CBP)

   

Berne Convention for the Protection of Literary and Artistic Works
Categories:
  • Term/Acronym
  • Treaty/Convention/Agreement
  • Multilateral/International
  • Intellectual Property Rights
The Berne Convention for the Protection of Literary and Artistic Works was adopted in 1886, with the aim to help nationals of its member States obtain international protection of their right to control, and receive payment for the use of their creative works such as: novels, short stories, poems, plays; songs, operas, musicals, sonatas; and drawings, paintings, sculptures, architectural works. The Berne Convention set up an International Bureau to carry out administrative tasks. In 1893, these two small bureaus united to form an international organization called the United International Bureaus for the Protection of Intellectual Property (BIRPI). Based in Berne, Switzerland, with a staff of seven, this small organization was the predecessor of the World Intellectual Property Organization (WIPO) of today.

World Intellectual Property Organization (WIPO)

   

Bill of Lading
Categories:
  • Term/Acronym
  • Document
  • U.S. Export-Related
The Bill of Lading is a negotiable instrument issued by a carrier which is evidence of receipt of the goods, and is a contract of carriage. It describes the goods, the details of the intended voyage, and it specifies the conditions of transportation. If issued in negotiable form, i.e. 'to order', it becomes documentary evidence of title to the goods.



   

Bill of Lading Number
Categories:
  • Term/Acronym
  • Document
  • U.S. Export-Related
The alphanumeric code issued by a carrier that references an individual cargo shipment in a manifest.



   

Block Control Header Record
Categories:
  • Term/Acronym
  • Document
  • U.S. Import-Related
  • National Security
Often referred to as the B record, this header record identifies the detail data to follow and also allows for separating data into groups by districts/ports of processing or filers.

U.S. Customs and Border Protection (CBP)

   

Block Control Trailer Record
Categories:
  • Term/Acronym
  • Document
  • U.S. Import-Related
  • National Security
Commonly referred to as the Y record, this trailer record is paired with the block control header record and signals the end of the block of data.

U.S. Customs and Border Protection (CBP)

   

Bonded Warehouse
Categories:
  • Term/Acronym
  • U.S. Import-Related
  • Foreign Import-Related
An approved private warehouse used for the storage of goods until duties or taxes are paid and the goods are properly released by Customs. Bonds must be posted by the warehouse proprietor and by the importer to indemnify the government if the goods are released improperly.

U.S. Customs and Border Protection (CBP)

   

Boycott
Categories:
  • Anti-Competitiveness Protection
  • Foreign Import-Related
  • U.S. Export-Related
  • Term/Acronym
A concerted refusal to deal commercially with a person, firm, or country.



   

Brussels Convention Relating to the Distribution of Programme-Carrying Signals Transmitted by Satellite
Categories:
  • Term/Acronym
  • Treaty/Convention/Agreement
  • Multilateral/International
The Brussels Convention Relating to the Distribution of Programme-Carrying Signals Transmitted by Satellite obligates each contracting State to take adequate measures to prevent the unauthorized distribution on or from its territory of any programme-carrying signal transmitted by satellite. The distribution is unauthorized if it has not been authorized by the organization

World Intellectual Property Organization (WIPO)

   

BTI
Categories:
  • Term/Acronym
  • U.S. Import-Related
  • Foreign Import-Related
  • Country/Regional
Binding Tariff Information. The European Community has created the Binding Tariff Information (BTI) system as a tool to assist economic operators to obtain the correct tariff classification for goods they intend to import or export. Binding Tariff Information is issued on request (see BTI application form) to economic operators by the customs authorities of the Member States (see list of customs authorities). It is valid throughout the Community, regardless of the Member State which issued it.The main benefit to the holder is legal certainty with regard to tariff classification. This is important as tariff classification is the basis for determining customs duties, export refunds and the application of other related legal provisions (e.g. import/export certificates). A BTI is generally valid for 6 years. However, in certain cases (e.g. the publication of a classification regulation, a change in the interpretation of the nomenclature at international level or any other possibility laid down by the provisions for the implementation of the Customs Code) a BTI may cease to be valid. In such circumstances, the economic operator may request the customs authorities to allow him to continue using the BTI for a transitional period (so-called 'period of grace'). Such a request will be granted provided the conditions laid down in the law are met. All BTIs issued by the national customs authorities are introduced into the European Binding Tariff Information database (EBTI-database) run by the European Commission.

European Commission

   


 
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