Glossary :

Common terms,acronyms index of the Japanese used car export industry, from car equipment to shipping.

A-Z

Act of God

An act beyond human control, such as lightning, rain flooding,hail storms,earthquake and tsunami.

Auction Bid

The maximum bid Nippon Autos Ltd., Kobe will place on your behalf. Auction bids must be rounded to the nearest Yen 1,000.
The customer always saves money if the car sells for less than the Auction Bid.

Average Price

You can refer against similar matches of a vehicle model for up to three months. This a reliable current market estimation.

Arrival Notice

A notification sent by the carrier on the ship's arrival and local costs involved (CUFFS charges) to the consignee and the
Notify Party. These parties in interest are listed in columns 3, 4 and 10, respectively, of the Bill of Lading.

B/L

The Bill of Lading ( also referred to as a B/L ) is a document issued by the shipping company or carrier acknowledging that
specified goods have been received on board as cargo for conveyance to a named place for delivery to the consignee who is usually
identified and establishes the terms of a contract between a shipper and transportation company. It serves as a document of title,
proprietary rights of goods or load and a contract of carriage, a receipt for goods and describes the goods.

Beneficiary

A beneficiary in the broadest sense is a natural person or other legal entity who receives money or other benefits from a
benefactor.

Booking

For reserving of space or a berth for a vehicle or vehicles and container at the ship company for a particular vessel.

Case Marks

Also known as a shipping mark ( and referred to as a C/No. ) is written sheet on the front windscreen of a vehicle or the inside wall of a
container that includes information of a the number vehicles or items being shipped at the same time on the same vessel, the name of
the shipper, the place of origin and if necessary the name of the receiver and the place of destination,chassis or serial numbers,telephone
numbers and contact details.

Carrier

Shipping companies in the case of used cars and trucks shipments who through a contract of carriage, undertakes to perform
carriage by rail, road, sea, inland waterway, or by a combination of modes.

Certificate of Origin

A document ( also referred to as a CO ) containing an affidavit to prove the origin of imported goods. It is used for customs purposes.
Certificates of Origin are commonly certified by an official organization in the country of origin such as a consular office or
a chamber of commerce.

CFS

Container Freight Station is the location at loading port designated by carriers for the receiving of cargo and for discharge or destination port.
The CFS is usually a bonded location. Vanning and devanning of containers and loading or unloading of RORO units are performed here
for Pier to Pier goods. CFS is usually operated by the carrier or forwarder for the receipt, forwarding,and assembling or disassembling
in other words loading (vanning) or unloading (devanning) of cargo. Normally,the container freight station is also a customs clearance center
and bonded area. The CFS service may be necessary for circumstances when the kind of cargo and quantity of order does not warrant
the use of the whole container, the shipper's or the consignee's premises are inaccessible by container due to poor or narrow road conditions
and location (e.g. remote area not served by container) or custom's clearance,quality standard inspection done at arrival port area, the overall
load of vehicle exceeds the legal limitation and the shipper or the consignee lacks the necessary container loading or unloading equipment.

CFS Charge

Container Freight Station Charge is the amount assessed for services performed at the origin or destination for loading or unloading
of cargo.

CY

Is container yard usually at shipside. A Marshalling yard. Handling and storage facility. An inciter meaning Container Yard at
port of origin to Container Yard at port of destination. If shipment is agreed as CY to CY or CY then freight is only covered between,
such yards and further transportation will be additional cost.

CY Cut Off Date

The last possible date cargoes may be delivered to a ship or CY closing day is when the packed (stuffed) container can be handed
and accepted into the ship's Container Yard at the wharf to load onto the ship (vessel) and with goods already cleared and passed
by destination customs. Usually if the cutoff date and time is missed the container and goods will not be accept for a particular ship
and will have to wait for the next available vessel.

CBM

Is cubic meters size (M3) Length ax Width ax Height. Or unit of the volume for shipping.
Average size of different vehicle body types are as below :
M3 = 9 Small vehicles,subcompact hatchbacks or sports coupes
M3 = 10 Compact sedans passenger cars
M3 = 12 Large sedans,luxury executive saloons and station wagons
M3 = 14 Short wheel base wads,light trucks or vans, people movers
M3 = 16 Long wheel base wads,light trucks or vans,people movers
M3 = 30 Mid size trucks up to 4 ton payload or buses under 7 meter length seating up to 30
M3 = 50 Mid size trucks up to 7 ton payload or buses under 9 meter length seating up to 40
M3 = 60 Large size trucks up to 20 ton payload or buses under 12 meter length seating up to 55
M3 = 90 Large size trucks up to 40 ton payload or buses under 12 meter length seating up to 60

CFR or C&F

Is Cost and Freight up to the port of destination (POD) an Inciter (international commercial terms) term of sale where the seller
pays the costs and freight necessary to ship the goods from the port of loading (POLL) to the buyer’s named port of destination.
It includes the price of the vehicle in Japan,procedure costs such as auction fee,in-land transport,customs clearance, documentation
and commission in Japan. The CO&IF term requires the seller to clear the goods for export. The buyer pays for the insurance and
transportation of the goods from the Port of Discharge (POD) to his factory,yard,warehouse or shop. The passing of risk occurs when
the goods pass the ship's rail at the port of shipment. This term is also know as CNF.

C.I.F.

Is Cost, Insurance and Freight up to port of destination (POD) an Incoterm (international commercial terms) term of sale where
the seller has the same obligations as under the CFR or C&F but also has to procure marine insurance against the buyer's risk of
loss or damage to the goods during the carriage. The seller contracts for insurance and pays the insurance premium.
The CIF term requires the seller to clear the goods for export. The buyer pays for the transportation of the goods from the Port of
Discharge (POD) to his factory,yard,warehouse or shop. The passing of risk occurs when the goods pass the ship's rail at the port
of shipment.

Commercial Invoice

Although there is no standard format it is a document with a complete itemized list recording the transaction between the exporter
and importer with regards to the goods sold and funds account statement. It reports the content of goods shipped to a buyer,
stating quantities,prices,shipping charges,shipping dates etc and serves as the basis for all other documents about the shipment.
It contains the name and address of the buyer and seller and is used as a customs declaration in at port of shipment.

Consignee

A person or company or legal entity to whom commodities are shipped and to whom the shipment is to be delivered.

Consignor

A person or company shown on the bill of lading (B/L) as the shipper or exporter.

Consignment

Shipment of goods to a consignee. The goods and products.

Car Cost

This is usually the same as the Auction Bid or winning price at the auction. The price at which we will find the vehicle for you.
The source price.

cc

Engine size or displacement in cubic centimeters. Also litre of the vehicle as every 1000 cc equals 1 liter.

Chassis Number

The chassis prefix of a vehicle,frame number or VIN (Vehicle Identification Number). When known, the chassis prefix is the most
effective ways of searching for a vehicle.

Confirming Bank

The bank that adds its confirmation to another bank's (the issuing bank's) letter of credit (LC) and promises to pay the beneficiary
upon presentation of documents specified in the letter of credit.

Correspondence

When a trade transaction between parties (buyers and sellers) are performed, the discussions written in a business manner specifying
details and instructions.

Container

A truck trailer body that can be detached from the chassis for loading onto a vessel. Containers can be used to ship used cars,
trucks,vans,mini buses and parts for export from Japan .40 foot high cube containers most popular for packing such.
Containers are roofed or dry and ventilated,flat rack,vehicle rack or open top are also available. A container may be 20 feet,
40 feet or 40 high cube. 8'0",8'6" or 9'6" in height.
The interior dimensions of a 40 foot high cube container are (LWH) : 1203 x 235 x 269.
And for a 20 foot container the interior size is = 589 x 235 x 239. Containers are made of steel and have payloads from 21,800 to
58,600 kgs for 20 and 40 feet types.

Container Types

CTNR : Container
HCD : High Cube Dry
DRY : Dry Container
REF : Reefer Container
HCR : High Cube Reefer Container
TNK : Tank Container
OPT : Open Top Container
FLT : Flat Rack Container

Container Drayage

Transporting the container to and from the container terminal by lorry or tractor trailer head to the vanning or packing yard and
then back to container yard at the port,dock area. Usually a short distance. Conveyance or carriage by dray, or the charge for
such transport.

Customs

Customs is a government authority or agency responsible for collecting and safeguarding customs duties and for controlling the
flow of goods and hazardous items in and out of a country.

Customs Duty

A duty or tax that import government imposes when items are brought in from another country.

Customs Inspection

Confirmation by the custom office of a particular country and port whether the goods are as per mentioned on the export declaration.

Demurrage

Is a general term used to indicate a penalty or surcharge charged to shippers or consignees for delaying the carrier's vessel,
wharf facilities and equipment beyond the allowed free time. The free time and demurrage charges are set forth in the charter party
or freight tariff. It is usually one week (7 days).

De-Registration Certificate

Also known as Registration Cancellation Certificate is the cancellation of the previous owner's vehicle title and number plate and
returning them to the transport department in Japan. The new owner is now mentioned and is the person or company who qualified to
do the cancellation.

Discrepancy

Contents and shipping document of L/C that are disagreed with it.

DDC

Destination Delivery Charge term is the rate that a shipping company charges a shipper to carry the container which arrived at
the port of arrival to the appointed position of the container yard.

Door-to-Door

Transportation of a shipment (FCL or LCL) from the door of a shipper to the door of consignee. Also known as House to House.

Export De-Registration Certificate

When a Japan local De-Registration Certificate or even a Registration Certificate is cancelled and converted and registered at
the local transport department office for export an Export De-Registration Certificate is issued to the person or company who
qualifies to do this,which has to then be presented before putting a vehicle on board a vessel for export to the Japan customs to
pass or it cannot be shipped overseas or across borders.

Endorsement

Endorsement is when an exporter or shipper-consignor add their signature and stamp to the back side (overleaf) of the bill of
lading (B/L) in the case of export allowing the legal transfer of a negotiable B/L from one party to another.

ETD

Estimated Time of Departure of a ship from Japan .

ETA

Estimated Time of Arrival of a ship at destination port.

ED

Export Declaration document which provides evidence of export.

Enquiry

Contact message sent requiring information,quotations,estimates and including details of yourself.

Export

Export is any good or commodity, transported from one country to another country typically for use in trade.

Ex-Works

Also known as EXW is only the price of the goods offered from our premises,such storage yard or the auction yard. It is used as
initial quotation without any costs included such as transportation costs to the nearest port and customs clearance,packing charge etc.

F.O.B.

Free On Board up to port of shipment or loading ( POL ) in Japan. An Incoterm ( international term of sale ) that means the seller
fulfills his or her obligation to deliver when the goods have passed over the ship's rail at the named port of origin. It includes
the price of the vehicle, Japan side procedure costs (auction fee,in-land transport,customs clearance,documentation and commission)
Note : the seller or shipper in this case is not responsible for the ocean freight. This is will be collected by the ship company
at destination port from the receiver of the goods i.e. the consignee or buyer. The passing of risks occurs when the goods
pass the ship's rail at the port of shipment.

Freight Forwarder

A company whose business is to act as an agent on behalf of the shipper. A freight forwarder helps with putting the goods on
board the ship and also acts as a customs broker.

FAQ

Frequently asked questions. Here you can find detailed answers to many questions asked about used Japanese automobile export
– import business. We have listed the most common ones with the most informative answers we could give from our years of experience.
Please have a look at our website page : http://www.nippon-autos.com/faq.html

FCL

Full container load.

Final Destination

Final Destination (last act place) is an item mentioned in B/L and is the ultimate destination of the freight beyond transship
ports and even port of discharge. (POD). See details of POD here : http://www.nippon-autos.com/glossary.html

FCFS

First Come, First Served basis. A service policy whereby the requests of customers are attended to in the order that they respond,
without other preferences.

Grades

The physical condition of the vehicle (not mechanical) scores and ranking allocated by the auction house assessors to used vehicles
in Japanese automobile auctions :
The standard range is from 1 to 5.
S = new, showroom mint condition
(S stands for shinkosha or brand new car registered but not driven)
5 = new condition
4.5 = almost new condition
4.0 = very good condition
3.5 = good to average condition
3.0 = average to poor condition
2.5 = very poor condition
2.0 = bad condition
1.0 = flood water damage
0 = accident damage

Glossary

This page offers help and glossary definitions of any terms that are unique to our business of used car and truck,bus export
and import business and to ensure that our service is as easy and quick to use for all at anytime possible.

GP Container

Stands for "General Purpose" container or in other words a standard container.For e.g. it will not be a reefer container.
Also it is 8'-6" not high cube.

Import

An import of any goods or commodity, brought into one country from another country typically for use in trade.

Import License

An import license is a document issued by a national government authorizing the importation of certain goods into its territory.
Also know as an import approval.

Invoice

An invoice or bill is a commercial document issued by a seller to a buyer, indicating the products, quantities and agreed prices
for goods or services with which the seller has already provided the buyer. An invoice indicates that payment is due from the
buyer to the seller, according to the payment terms.

Incoterms

Is the name of international rules and terms drawn up in 1936 by the International Chamber of Commerce (ICC) to avoid misunderstandings,
disputes or suit in trade business to occur by the difference of customs and interpretation in business transactions of different country.
These are common sales practices and clearly communicate the tasks, costs and risks associated with the transportation and
delivery of goods. The rules are accepted by governments, legal authorities and traders as commonly used terms in international trade.
They are intended to reduce or remove uncertainties in trading business.

Inspection

When used vehicles for export from Japan are tested for quality according to the sales contract or regulations of the importing
country’s government. These can be for road worthiness,odometer verification,date of manufacture and radiation level checks as of
summer 2011 .These are done at third party companies specializing and authorized to do these inspections such as JEVIC and JAAI.

Intermediary bank

An intermediary bank is required when sending a payment in a currency that is not the domestic currency for the destination country.
For example a USD payment will need to be routed via a US Bank. Do not worry if you have not been provided with an intermediary bank
for a payment. Banks are able to locate the correct intermediary using their banking directories Intermediary banks are also known as
correspondent banks and appear when you make an international wire transfer (SWIFT) usually when your bank does not have a direct
relationship with our bank, your bank pays through correspondent (intermediary) banks. The correspondent banks make a charge for
this service. An intermediary bank or correspondent bank acts as an agent or liaison between groups

Irrevocable Letter of Credit

Letter of credit in which the specified payment is guaranteed by the bank if all terms and conditions are met by the drawee
and which cannot be revoked without joint agreement of both the buyer and the seller.See more about Letter of Credit below :
http://www.nippon-autos.com/glossary.html

Intermodal freight transport

Involves the transportation of freight in a container or on a vehicle, using multiple modes of transportation e.g. car carrier trucks,
containers, ferries and RO-RO vessels or cargo ships. It is usually without any handling of the freight itself. This can be within Japan
or while shipping overseas. The method reduces cargo handling,and so improves security,reduces damage and loss,and allows
freight to be transported faster.

Kms

The mileage in kilometers
? = Mileage is in question ( if ‘?’ is next to mileage )
* = Odometer is known to have been wound back
$ = Odometer has been changed,with date and mileage at change known to the auction house
# = No record of actual mileage – mileage may be genuine but may not be
?????? = Automated translation from Japanese to English or cancellation of sale

Kms Range

In your search you can specify the lowest and highest mileage in km of vehicles you want to view.
A blank KMS range will show vehicles of any mileage.

L/C

Letter of Credit is abbreviated as an LC or L/C. It is document, issued mostly by a bank or a financial institution per
instructions by a buyer or consignee of goods, authorizing the seller or consignor to draw a specified sum of money under
specified terms, usually against the receipt by the bank of certain documents within a given time. Thus providing the seller,
shipper or beneficiary an irrevocable payment undertaking (it can also be revocable, confirmed, unconfirmed,transferable or others
e.g. back to back: revolving but is most commonly irrevocable/confirmed) It is also referred to as a documentary credit,
abbreviated as DC or D/C, documentary letter of credit, or simply as credit.

LCL

Less than a full container load.

Log In

Clicking on this button will log you into the online auctions. Also know as Sign In.

Log Out

Clicking on this button will log you out of the online auctions. Also known as Sign Off.

Marine Insurance

Broadly, insurance covering loss,damage,theft,pilferage and is usually port-to-port of goods sent by sea. Marine insurance typically
compensates the owner of merchandise for losses sustained from fire and shipwreck but excludes losses that can be recovered
from the carrier. It is usually classified roughly in hull insurance and maritime freight insurance.

Maximum Price

The highest price you are prepared to pay for the vehicle.

Notify Party

A person identified in the bill of lading as the party to be notified by the carrier when the goods arrive at their destination.
It can be your customs broker or freight forwarder. It can also be the buyer or the importer (who is not the consignee of the shipment
because it is consigned to a bank) named in the shipping documents as the party to whom a notice of arrival must also be sent.
Consignee is the actual receiver of the cargo and the notify party is invoicing party who pays for the cargo.

Offer

A proposal to sell to the buyer.

Partner bank

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

PCC

Pure Car Carriers for shipment of RORO automobiles and construction machinery by sea in a fully enclosed ship.

PCTC

Pure Car / Truck Carrier for shipment of RORO cars,trucks and construction machinery especially 'high and heavy' type by sea
in a fully enclosed ship.

Pro forma Invoice

An invoice provided by a supplier as a first draft estimate and quotation prior to the shipment of merchandise, informing
the buyer of the kinds and quantities of goods and services to be sent and rendered,their value, and specifications like make,
model,serial number,weight, size, fuel,year, color etc for the purpose of verification and confirmation before export and import
contract formation and shipment.

POA

Price on Application.

POL

Port of Loading. A shipping point port as mentioned in the B/L. The port from where the goods sail out from Japan .

POD

Port of Destination. A shipping point port as mentioned in the B/L. The port where the goods arrive in the country of destination.

Purchasing Notes

Purchasing notes can be used for any information you wish to convey to Nippon Autos Ltd.,about your bids such as bid lot number
and maximum and minimum bid amounts. Also quantity you want to bid on the day of the auction.

Quotation

An offer to sell goods at a stated price and under stated terms.

RO-RO

A shortening of the term, "Roll-On/Roll-Off." A method of ocean cargo service using a vessel with interior ramps which allows
wheeled self propelled vehicles to be loaded and discharged (driven on - driven off) without cranes usually on ships only meant
for carrying vehicles and construction machinery known as Pure Car Carriers (PCC) or Pure Car Truck Carriers (PCTC).

Remittance

Monetary advanced payment and deferred and part payments transferred by a customer to a business.

Recycle Fee

Known as the Recycle Ken (voucher/ticket) in Japan has to be paid up for upon de-registration/export registration of vehicles
and then can be claimed back with proof of export. This has been since the enactment of the Car Recycling Law for proper
disposal of ELVs. Recycling fees are not charged to overseas importers and the original recycling voucher is kept with us until
handed back to the authorities.

Shipper

The exporter,supplier or company who is usually the supplier or owner of commodities shipped. Also called consignor.
A classification, storage or switching area.

Shipping Mark

Also known as a case mark is written sheet on the front windscreen of a vehicle or the inside wall of a container that includes
details of a the number vehicles or items being shipped at the same time on the same vessel, the name of the shipper,the place
of origin and if necessary the name of the receiver and the place of destination,chassis or serial numbers and telephone number.

Sales Agreement

When an export contract was concluded,it is the contract which an exporter dispatches contract contents to for an importer.

SAS

Sold,ask for similar.

Start Price

Starting or minimum price at the Japanese auto auctions a seller wants for bidding to begin.
Your bid price must be higher than the start price.

Surcharge

An extra fee added to the usual amount or cost. Example to fuel in the case of transport by land or sea due to rising oil prices.

Tare Weight

Is the weight of the empty container or the unladen weight. Subtract it from the Gross Weight or laden weight and the weight of the goods
carried (net weight) may be determined. This can be used in computing the cost of the goods carried for purposes of taxation or tariff.

T/T

Telegraphic Transfer. Bank to bank funds remittance. Sending or to wire money by using swift codes at the bank.

Terms Of Trade

A step by step explanation of Nippon Autos Ltd., Terms of Trade, from the beginning, right through to buying you used vehicles
and shipping them.

THC

Terminal Handling Charge in Japan at Japanese ports for containers. This cost varies by destinations and ship company and is
included in our F.O.B.,C&F and CIF prices.

Transshipment

The mother ship transships a load,container or ro-ro vehicles at port on the way to a smaller feeder vessel.
Note mother ship sail between bigger ports with more cargo.

TRS

Terminal Receiving System charge. Includes customs clearance in Japan and storage at shipside.

TM

Transmission type and location within the vehicle as detailed below. Many ways are used to indicate these.
F = Floor Shift
C = Column Shift behind the Steering Wheel
CA = Column Shift Automatic
FA = Floor Shift Automatic
A = Automatic
AT = Automatic Transmission
FAT = Floor Automatic Transmission
Manual transmissions have a number indicating the number of gears as :
C4 = Column Change 4 Speed
C5 = Column Change 5 Speed
F4 = Floor shift 4 speed manual
F5 = Floor shift 5 speed manual
F6 = Floor shift 6 speed manual
MT4 = Manual transmission 4 speed
MT5 = Manual transmission 5 speed
MT6 = Manual transmission 6 speed

Usance

Perform postponement of payment of the import price in a trade transaction.

Vanning

It is work to pack a container with goods,freight.

Vehicle Options

C = Cooler
AC = Air Condition
AAC = Automatic AC (climate control)
WAC = Double AC
EW = Electric Windows
PW = Power Windows
PS = Power Steering
RS - Rear Spoiler
SR = Sun Roof
LS = Leather Seats
TV = Television
Navi = Navigation / SatNav
SatNav = Satellite Navigation
GPS = Global Positioning System
CD = Compact Disc Player
MD = Mini Disc Play
AW = Alloy Wheels
SRS = Supplementary Restraint System ( Air Bag )
ABS = Anti Skid Braking
More abbreviations of used Japanese cars equipment,features and options can be seen on our website page:
http://www.nippon-autos.com/help_with_japanese_auto_auctions.html

Year Range

In your search you can specify the lowest and highest year of vehicles you want to view.

Year Of The Car

In Japan this is the year of registration and not year of manufacture. Buying and using tips : if year of the car is written
in Japanese style H12 subtract (-) 2 you are then left with 10 which multiply by 200 and you have the year 2000 in English.
Now you know year 2000 is H12 so year 2001 will be H13 and so forth. "H" is for the Heisei period. Heisei (平成) is the current
era name in Japan. Another way to convert a common era year (Western or Gregorian Calendar) after 2000 to Heisei, take the
last two digits and add 12. Example for 2011: 11+12 = Heisei 23.


Last updated: June 08, 2017

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