Glossary search results for "Y" (148)
List of terms in glossary:
The price paid for the product ex-works (i.e. when it leaves the factory). It is a widely used international shipping term. The ex-works price includes the value of all the materials used and all other costs related to its production, minus any internal taxes, which are, or may be, repaid when the product obtained is exported.
A tax on quantity, rather than value of goods - for example N euros per hectolitre of alcohol sold. This is a duty paid to consume certain products. Generally levied on alcohol, tobacco, energy products (oil, gas, etc), vehicles and "luxury" products.
Sea zones, regulated by the United Nations Convention on the Law of the Sea, over which states have special rights regarding the exploration and use of marine resources. Exclusive economic zones stretch from the baseline out to 200 nautical miles from its coast.
In the framework of preferential trade arrangements, exporter means a person or company located in one of the countries which are part of that preferential trade arrangement, who, in accordance with the requirements laid down in the laws and regulations of that country, sells the originating product.
If the application of the common customs tariff duty rate depends on the entry price of the imported consignment, the veracity of the price is checked using a flat-rate import value calculated by the Commission, by product and by origin, on the basis of the weighted average of prices for the product on member countries' representative import markets or on other markets, where appropriate.
Method of exporting goods, where risks and costs are transferred alongside the ship at the port of loading. The customs clearance formalities, costs and risks are borne by the buyer from then on.
Method of exporting goods, where the seller's obligations are fulfilled once the duty-paid goods are delivered to the buyer's appointed carrier at the agreed place. The term can refer to all means of transport – air, rail, road, sea or a combination of these.
The consigner meets the sending costs.
Method of exporting goods, where the cost of delivering the goods to the nearest port is included in the price of the product but the buyer is responsible for the shipping from there and all other fees associated with getting the products to its destination. It is a widely used international shipping term.
Method of exporting goods, where the seller is required to deliver the goods on board the rail. Thus, the seller has to bear all expenses upto and including shipment of goods on behalf of the buyer.
Once the goods are put on board on rail, the property in the goods passes to the buyer and they are at the risk of the buyer, who is responsible for their freight, insurance and subsequent expenses.