Welcome to Trade Terms Tuesday! Each Tuesday, we will share three trade-related terms. In order to reach out to our diverse readership, we will try to provide one for exports, one for imports and one for logistics/transportation. This week, we continue with the J’s.
Jettison
Jettison is the intentional throwing of cargo overboard to lighten the weight of a vessel to save the ship and its content. Although some contents are lost, the act serves the common good for the interests of the vessel, crew and remaining cargo.
J-List
The J-List is a list of items found in 19 CFR 134.33 that are exempted from individual country or origin marking; however, the outer containers/packaging must be marked.
Jurisdiction
Export commodities are generally regulated by the Department of Commerce or Department of State.
Commodity jurisdiction requests are made to determine whether an item or service is covered by the U.S. Munitions List (USML) and therefore subject to export controls administered by the U.S. Department of State pursuant to the Arms Export Control Act and the International Traffic in Arms Regulations (ITAR). The Directorate of Defense Controls (DDTC) is responsible for providing information on commodity jurisdiction, which determines the export licensing authority between the Department of Commerce and Department of State. The U.S. Department of Commerce has export control jurisdiction over the export of dual use items and items which have strictly civilian or commercial uses.
Jettison
Jettison is the intentional throwing of cargo overboard to lighten the weight of a vessel to save the ship and its content. Although some contents are lost, the act serves the common good for the interests of the vessel, crew and remaining cargo.
J-List
The J-List is a list of items found in 19 CFR 134.33 that are exempted from individual country or origin marking; however, the outer containers/packaging must be marked.
Jurisdiction
Export commodities are generally regulated by the Department of Commerce or Department of State.
Commodity jurisdiction requests are made to determine whether an item or service is covered by the U.S. Munitions List (USML) and therefore subject to export controls administered by the U.S. Department of State pursuant to the Arms Export Control Act and the International Traffic in Arms Regulations (ITAR). The Directorate of Defense Controls (DDTC) is responsible for providing information on commodity jurisdiction, which determines the export licensing authority between the Department of Commerce and Department of State. The U.S. Department of Commerce has export control jurisdiction over the export of dual use items and items which have strictly civilian or commercial uses.
No comments:
Post a Comment