Glossary

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.

A payment method where the exporter’s bank collects payment from the importer’s bank on behalf of the exporter, based on the presentation of specified documents.

A type of documentary collection where the exporter’s bank releases the documents to the importer upon acceptance of a time draft, with payment due at a later specified date.

A type of documentary collection where the exporter’s bank releases the documents to the importer only upon receipt of 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.

A tax levied by a government on the import, export, or use of goods.