The Mark of Excellence - Japanese Used Car Exporter

Japan Standard Time Mon, 05/12, 10:41 PM

Total Cars in Stock

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Glossary of Terms

Bill of Entry

A document detailing the goods entering or leaving a country for export or import. It provides information on the goods, the merchant, their value, origin, and destination, along with customs duties and fees.

B/L (Bill of Lading)

A critical shipping document that serves as a receipt of goods, evidence of a carriage contract, and a title to goods. It ensures the carrier's obligation to deliver the goods in good condition. The B/L includes important shipment details and must be presented to release cargo at the destination.

C&F (Cost and Freight)

A shipping term that includes the cost of goods and all transportation expenses to the destination port but excludes insurance costs. The buyer is responsible for arranging insurance.

Cancellation of Registration Form

A certificate indicating a vehicle has been temporarily deregistered from Japan for export. It provides details and specifications of the vehicle.

CIF (Cost, Insurance, and Freight)

A shipping term that includes the cost of goods, freight, and marine insurance to the destination port. The buyer is responsible for further freight and insurance after arrival.

Clearing Agent

A licensed entity responsible for clearing goods through customs. They manage the customs clearance process, ensure all required documents are submitted, and handle the payment of duties and taxes.

Commercial Invoice

A document used by customs to determine the value of goods for duty and tax assessments. It includes detailed information on the sale, such as the item description and value.

Consignee

The person or entity that will legally own the vehicle after it is registered in the destination country. This is the buyer who receives the goods upon arrival.

Deregistration Certificate

A document confirming a vehicle’s cancellation from Japan’s national register. It is essential for the vehicle’s exportation and proves the car is no longer registered in Japan.

DHL Delivery Address

The address provided by the buyer where shipping documents will be delivered by JAN Japan, usually separate from the vehicle’s delivery address.

EAA (East Africa Automobile Services)

A pre-export inspection company authorized by Tanzanian and Ugandan authorities to certify vehicle standards before export to those countries.

ETA (Estimated Time of Arrival)

The projected date and time a ship or air freight is expected to arrive at the destination port.

ETD (Estimated Time of Departure)

The expected date and time a vessel or shipment is scheduled to depart from the port of origin.

Export Certificate

A document that validates the legal export of goods from Japan. It includes important details like vehicle specifications and deregistration status.

Export Permit

A permission granted by Japanese customs confirming that a vehicle shipment meets export regulations. The permit is issued after customs examination.

FOB (Free on Board)

A shipping term in which the seller covers the costs until the goods are loaded onto a ship at the port of departure. After loading, the buyer is responsible for all further costs.

Forwarding Agent

A company or individual who arranges the transportation and delivery of goods from the port of discharge to the final destination.

Import Permit

A document granting permission for goods to be imported into a specific country. This is required for vehicles entering countries with strict import controls, such as South Africa.

Inspection Certificate

A document confirming that the vehicle has passed the necessary pre-export inspection and complies with the required quality standards.

Insurance Document

Proof that the goods being shipped are insured during transit, especially under CIF terms where the seller provides the insurance coverage.

Intertek

A global company appointed by the Mozambique government to conduct vehicle inspections before shipment to Mozambique.

ITAC (International Trade Administration Commission)

A South African government agency that oversees import and export regulations, including the issuance of import permits for vehicles.

JEVIC (Japan Export Vehicle Inspection Center)

An inspection service that certifies vehicles for export from Japan to certain countries like Kenya and Zambia, ensuring the vehicles meet local standards.

LOA (Letter of Authority)

A required document for vehicle imports to South Africa, issued by the National Regulator for Compulsory Specifications (NRCS).

Notify Party

The entity or person that the shipping company will notify when the goods arrive at the destination port, typically the consignee or a customs agent.

NRCS (National Regulator for Compulsory Specifications)

A South African body responsible for the issuance of the Letter of Authority (LOA) required for vehicle imports.

Packing List

A detailed list of items being shipped, including their description, quantity, and weight.

Port of Departure

The port from which a vehicle or shipment leaves its country of origin.

Port of Discharge

The port where the goods are unloaded from the ship and are ready for further distribution or customs clearance.

Proforma Invoice

An estimated invoice sent by the seller to the buyer detailing the anticipated costs for the shipment, including goods, transportation, and additional fees.

Shipping Agent

A company or agent responsible for managing cargo shipments, including overseeing loading, unloading, and transportation of goods.

Transshipment

The transfer of goods from one ship or vehicle to another during transit to reach their final destination.

TT Copy (Telegraphic Transfer Copy)

The document issued by the bank when a telegraphic transfer is made. It serves as proof of payment.

Under Offer

When a buyer has made an offer on a vehicle, making it unavailable for other buyers. If the offer is accepted, the vehicle is considered sold.

Vanning Charge/Fee

The fee associated with loading and securing goods into a shipping container.

Vehicle Destination

The final country or location where the vehicle will be registered and used.