GLOSSARY

B/L (Bill of Lading)

A legal document issued by a carrier (shipping company) that proves of the contract for transport by the shipping terms. The original B/L can be a receipt to obtain your importing car at your port.

Commercial (Customs) Invoice

A formal document to assess the value of your vehicle including car name, units, price, payment terms, etc, to clear the customs at your port as well.

Export Certification

Same meaning of de-registration or cancellation of registration, which proves the vehicle is a legally export from Japan including technical details and specifications of it, as well as a translated version issued in English or specified language.

FOB (Free of Board)

One of terms of trade, the cost of the vehicle and customs and forwarding charges at Japan port only (except container vanning fee). It does not cover the ocean freight (shipping charge) from Japan port to your port of destination.

C&F (Cost & Freight)

One of terms of trade, it covers the FOB terms as well as the ocean freight from Japan port to your port of destination without marine insurance. The shipping charge depends on cubic meter (M3) of the vehicle, and not cover the transport from the port of destination to your company or house.

CIF (Cost, Insurance, & Freight)

One of terms of trade and the most common shipping terms, it covers the FOB terms as well as the ocean freight from Japan port to your port of destination with marine insurance. The shipping charge depends on cubic meter (M3) of the vehicle, and not cover the transport from the port of destination to your company or house.

Consignee

Owner (The person or company) of the imported car who is responsible and entitled to receive the imported car at the port, shown on the B/L document.

Notify Party

The person or company who is notified of the arrival of the imported car at the port of discharge. This is your local clearing agent in many case, shown on the B/L document.

Courier Address

Where the shipping documents will be sent by EMS/DHL/FedEx, we need full name, full address, full phone number, and full details.

Marine Insurance (Standard)

US$ 50 is charged on you, it covers vessel sinking, fire, loss of cargo. The coverage is up to the FOB amount, from Japan port to your destination port, but not accepted after unloading the vehicle at its seaport yard.

Marine Insurance (Optional) *We strongly recommend this “Optional Warranty”.

US$ 150 is charged on you, it covers vessel sinking, fire, loss of cargo, and damage (except by force majeure). Also, any parts stolen or theft, but except original audio and accessories. The coverage is up to the FOB amount, from Japan port to your destination port, but not accepted after you or your clearing agent picking up the vehicle at its seaport yard.

Car Carrier Ship (Ro-Ro)

Roll on Roll off (loaded and unloaded by driving), the shipment done by a special vessel only for the vehicles. All vehicles are secured in their port yard, and it is faster and cheaper than the 20/40Ft container (a big metal box), however, the Ro-Ro shipment is not available for every destination (port) in the world.

Container Ship

Vehicles are loaded and fixed in a 20/40Ft container (big metal box), and it is safe and available for almost all destinations (port) in the world. When arranging the shipment by container ship except by car carrier ship (Ro-Ro), we load the vehicle into the container by our complete vanning process with steel wires and angling tools, to make sure the vehicle is not be slid out of position in case of rolling of the ship.

Reg. Year

The year of first registration of the vehicle in Japan. This is the legal year of the vehicle by Japanese law, and appears on all the documents of the vehicle itself. In other words, the year of production of the vehicle is not disclosed in Japan and sometimes differ from the year of first registration of the vehicle.

Seatbelts Year

The year of production of the seatbelts. It has no legal meaning in Japan, however, might be used to determine manufactured year of the vehicle by authorities of some countries.

Certificate of Origin

Certificate to prove the vehicle (goods) is made in Japan, depending on your country regulation it is required to clear the customs.

L/C (Letter of Credit)

A legal document to assure the payment issued by your local bank, however, we only accept the L/C payment if the amount is more than US$ 10,000 (JPY 1,000,000). Also, you have to bear US$ 400 as the L/C charge and 4% interest p/a occurred in Japan. For more information, please contact our sales staff or your local bank.

Proforma Invoice

Quotation (Sales Contract) including car name, units, price, payment terms, etc, it is used for the payment at your local bank or getting import permission from the government office in your country.

T/T remittance (Telegraphic Transfer)

A method of the payment (remittance) arranged by wire transfer from your local bank with foreign transaction. This is the safest and simplest method and takes about 2 to 3 days to process the payment.