Glossary

INDUSTRY TERMS

CAGE CULTURE

Shrimp farming method where ponds or culture areas are enclosed with floating cages, allowing for better control and protection of shrimp.

INDUSTRY TERMS

DUTY

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

INDUSTRY TERMS

EXPORT COMPANY

A business entity that specializes in exporting goods or services to foreign markets.

INDUSTRY TERMS

EXPORT DOCUMENTS

Refer to the paperwork and legal documentation required for conducting and facilitating international trade transactions. These documents serve various purposes, such as providing evidence of the transaction, ensuring compliance with customs and regulatory requirements, and facilitating the movement of goods across borders.

INDUSTRY TERMS

EXPORT LOGISTICS

Refers to the management and coordination of various activities involved in the movement of goods from one country to another. It encompasses the processes, systems, and resources required to ensure the smooth and efficient transportation, handling, and delivery of products for international trade.

INDUSTRY TERMS

EXPORT-IMPORT COMPANY

A business involved in both exporting and importing goods, facilitating international trade between different countries.

INDUSTRY TERMS

GOODS

Refers to physical, tangible products that are produced, manufactured, or traded for commercial purposes. Goods are typically tangible items that can be seen, touched, and consumed or utilized by individuals or businesses. They can range from everyday consumer products to industrial equipment and machinery.

INDUSTRY TERMS

INTERNATIONAL SHRIMP TRADE

Buying, selling, and exchange of shrimp between countries, involving aspects such as customs regulations, tariffs, and sanitary requirements.

INDUSTRY TERMS

MEAT YIELD

The ratio of the edible portion (meat) to the total weight of the shrimp, indicating the amount of meat available for consumption.

INDUSTRY TERMS

PACKERS (PACKAGING COMPANY)

Refers to companies or service providers that specialize in packaging and preparing goods for shipment. These companies offer packaging services, including selecting appropriate packaging materials, packing products securely, labeling, and ensuring compliance with shipping regulations and requirements. Packers play a crucial role in ensuring that goods are properly protected during transportation and arrive at their destination in good condition

INDUSTRY TERMS

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