Glossary

OPEN ACCOUNT

Open Account is a payment method in shrimp trade. The exporter extends credit to the importer, allowing the importer to make payment at a later agreed-upon date after the goods have been delivered. This method is favorable for importers as it provides time to sell the shrimp before making payment, but it carries a higher risk for exporters.

 

PAYMENT TERMS

ORGANIC CERTIFICATION

The process of verifying and guaranteeing that shrimp have been farmed following organic and environmentally-friendly practices.

CERTIFICATIONS

ORANGE HEAD

The “orange head” is the second phase of the deterioration of the shrimp’s head, which generally occurs during processing or thawing.
At this stage, the shrimp’s head acquires an orange coloration, signaling a progression in the decomposition that began with the “red head” phase.
This color change is the result of further oxidation of pigments and more advanced bacterial proliferation due to prolonged exposure to inadequate temperatures.
The appearance of an orange head not only affects the appearance of the shrimp but can also indicate a decrease in the quality and safety of the product.

SHRIMP DEFECTS

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