SALVAGE: Usually the amount of money realized from the sale of damaged merchandise.
SAME CLASS AND KIND: Merchandise within a group or range of merchandise produced by a particular industry or industry sector. (19CFR 152.102)
S.C. & S.: Strapped, corded, and sealed.
SCHEDULE B: Refers to schedule B statistical classification of domestic and foreign commodities exported from the United States.
S/D: Sight draft.
SEAL: A metal, steel, aluminum, or plastic device affixed to the locking mechanism of the door to a truck, rail car, airline igloo, or container.
SHIPPER: The party who tenders goods for transportation. The term can refer to a seller, consignee who arranges for transportation services, or a third party that arranges for the transportation.
SHIPPER'S EXPORT DECLARATION: A form required by the Treasury Department and completed by the shipper showing the value, weight, consignee, destination, etc. of export shipments as well as the Schedule B identification number.
SHIPPER'S LOAD AND COUNT: Freight term indicating that the carrier has no control of the contents of a shipment because the shipper loaded the merchandise. May release carrier from liability in the event improper loading is responsible for cargo damage.
SHIPPING WEIGHT: Shipping weight represents the gross weight in kilograms of shipment, including the weight of moisture content, wrapping, crates, boxes and containers.
SHORT FORM BILL OF LADING: A summary-type Bill of Lading which does not incorporate all obligations and responsibilities of both parties. Unless a shipper is familiar with the carrier's tariff, he should request a full Bill of Lading.
SHORTAGE: A term used to indicate non-receipt of a part of the total quantity shipped. Also known as short shipment.
SIC CODE: See "Standard industrial classification".
SID#: Shipment Identification Number
SIGHT DRAFT: A draft which is payable upon representation to the drawee.
SINGLE ENTRY BOND: An application to the District Director requesting that a bond of a certain form and amount, that identifies the value and nature of the articles, be accepted as adequate surety for a single transaction.
S.L. & C.: Shipper's load and count.
S.L. & T.: Shipper's load and tally.
SLD: Sailed.
S.O.: Ship's option. Shipping order. Seller's option.
SPECIAL CARGO POLICY: Similar to a certificate of insurance, except it is an insurance in and of itself and not subject to the underlying terms of an open policy when title has been transferred to a third party.
SPECIFIC DUTY: Tax imposed on imported merchandise without regard to value. Usually based on net weight or number of pieces, etc.
S.R. & C.C.: Strikes, riots and civil commotion. A term referring to an insurance clause excluding insurance loss due to these acts.
S.S.: Shipside.
S/S: Steamship.
S.T.: Short ton (2,000 lbs.)
STANDARD INDUSTRIAL CLASSIFICATION: The classification system developed by the Untied States department of Commerce for business activities. There are eleven primary divisions classified by two digit codes. Further divisions occur within the primary categories and can reach up to seven digits for the most specialized categories of business activity. Also referred to as the SIC code.
STEAMSHIP CONFERENCE: A group of vessel operators joined together for the purpose of establishing freight rates. A shipper may receive reduced rates if the shipper enters into contract to ship on vessels of conference members only.
STORAGE RATE: The price charged for storage of merchandise, expressed as a cost per unit per month, or as a cost per square foot (or meter) per month.
STRAIGHT BILL OF LADING: A non-negotiable transportation receipt that directs the carrier to delivery the shipment to any authorized person at the destination point.
STUFFING: Loading a shipping container.
SUBAGENT: The regulatory authorization for a holder of a power of attorney for a nonresident principal to delegate a subagent to act on behalf of the principal only if the original power of attorney expressly authorizes the agent to so delegate. (19CFR 141.43).
SUBMISSION: The voluntary delivery to the appropriate Customs officer of the entry summary documentation for preliminary review or of entry documentation for other purposes. (19CFR141.0)
SUSPENSION OF LIQUIDATION: The delay in liquidation of entries affected by U.S. Customs, usually the result of a anti-dumping investigation, etc..
SURETY: an obligator on a surety bond. Specifically, an individual(s) or entity providing a guarantee for the payment of all government debts secured by a bond as evidenced by the sureties name and the authorized signature on the bond.
SWITCH TRANSACTIONS: The practice of exporting (or importing) goods through an intermediary country to final destination. This is done when the destination country is short of U.S dollars and when the intermediary country has available U.S. dollars and is willing to exchange for the destination country's currency or goods. Such transactions must be performed within the various laws concerning export licenses.