Glossary

“Damaged pieces” refer to chunks or bits of shrimp that appear in the final product, especially during thawing.
This defect occurs when boxes of frozen shrimp, stored at -18°C, are damaged during handling or palletizing.

When boxes are thrown or handled roughly, shrimp on the surface can break or get damaged, resulting in broken pieces when the product is thawed.

The presence of damaged pieces not only affects the appearance and quality of the shrimp but can also compromise the integrity of the batch and customer satisfaction. To mitigate this issue, it is crucial to implement proper handling and management practices for boxes of frozen shrimp during storage and transportation.

An Incoterm where the seller is responsible for delivering the goods to the buyer at a named place, excluding import clearance and duties, and the buyer assumes risk and responsibility from that point.

An Incoterm where the seller delivers the goods to a named terminal at the destination, and the buyer assumes responsibility and risk once the goods are unloaded at the terminal.

Shrimp declared weight refers to the weight of shrimp as officially declared or stated on the packaging, documentation, or labeling. It represents the weight of the shrimp as reported or documented by the seller or producer.

Removal of undersized or low-quality shrimp or unwanted species caught during fishing or shrimp farming operations.

Measures and practices implemented to prevent the entry and spread of diseases in shrimp culture systems.

Documentary Collection is a payment method in shrimp trade. The exporter’s bank collects payment from the importer’s bank on behalf of the exporter, based on the presentation of specified documents. This ensures the exporter receives payment once the importer’s bank receives and verifies the documents. It’s a secure method often used in international trade to minimize risks for both parties.

Documents Against Acceptance (D/A) is a payment method in shrimp trade. In this process, the seller ships the shrimp and sends the shipping documents to the buyer’s bank. The buyer is then notified by their bank to accept a bill of exchange, which is a promise to pay the seller at a later date. Once the buyer accepts this bill, the bank releases the shipping documents, allowing the buyer to claim the shrimp. This method helps ensure that the seller gets paid while the buyer gets the goods. It’s commonly used in international trade to reduce risks for both parties.

Documents Against Payment (D/P) is a payment method in shrimp trade. In this process, the seller ships the shrimp and sends the shipping documents to the buyer’s bank. The buyer must pay the full amount before the bank releases the shipping documents. This ensures the seller receives payment before the buyer gets the shrimp. It’s a common practice in international trade to protect the seller’s interests and guarantee payment.

Shrimp drained weight refers to the weight of shrimp after it has been defrosted and drained to remove any excess moisture or liquids. It represents the weight of the shrimp without any added water or liquids.