Transportation

Transportation

Any mode or method of locomotion that serves to move people, goods or services from one location to another.

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Transportation > Shipping

released value not exceeding (RVNX)

Transportation; Shipping

Usually used to limit the value of goods transported. The limitation refers to carrier liability when paying a claim for lost or damaged goods.

correspondent bank

Transportation; Shipping

A bank that, in its own country, handles the business of a foreign bank.

non-vessel operating common carrier (NVOCC)

Transportation; Shipping

A cargo consolidator in ocean trades who will buy space from a carrier and sub–sell it to smaller shippers. The NVOCC issues bills of lading, publishes tariffs and otherwise ...

alternative rates

Transportation; Shipping

Privilege to use the rate producing the lowest charge.

foreign sales corporation

Transportation; Shipping

Under U.S. tax law, a corporation created to obtain tax exemption on part of the earnings of U.S. products in foreign markets.Must be set–up as a foreign corporation with an ...