Japanese Used Motor Vehicle Exporters AssociationJUMVEA SAFE TRADE
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Glossary of terminology for import and sales of Japanese used carsTerminology used in contracts when buying, selling, importing and exporting cars.
Free on Board. This only covers all the cost up to the port of shipment. It means that the seller pays for transportation of the vehicle(s) to the port of shipment, plus loading costs. The buyer pays cost of marine freight transport, insurance, unloading, and transportation from the arrival port to the final destination.
Cost, Insurance and Freight. It includes the costs and freight to bring the vehicle(s) to the port of destination. It also includes the marine insurance, which covers the loss caused during shipping or at the port.
The person who will be the car owner. The person who the car will be registered under.
The country where you will register your car.
The port where the vehicle(s) will be offloaded from a vessel.
This is what we issue you once we close the deal. You can confirm the details of your order here and arrange the payment to us. Our bank account details are shown here as well.
B/L (Bill of Lading)
This is issued as contract of carriage, receipt of cargos and document of tile by the shipping companies after the vessel departure. This is very important document for you to pick the vehicle up from your discharge port.
This is de-registration certificate issued by Japanese Government before we export vehicles from Japan, and it contains all kinds of information and records of vehicle, such as chassis no. , engine size, first registration year/month and so on. We usually mail you both original and English Translation.
This is what we issue you for your custom purpose after the vessel departure.
Estimated Time of Departure. It is the planned date of the vessel's departure from the port of shipment.
Estimated Time of Arrival. It is the planned date of the vessel's arrival at the destination port.