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HAGUE RULES (1921)
Rules
defining the risks to be assumed by sea carriers under a bill of
lading.
HARBOR MAINTENANCE FEES
Charges
assessed to users for use of a harbor, used generally for maintenance of
the harbor.
HARBORMASTER
An
officer who attends to the berthing and other tasks of ships in a harbor.
HARBOR TAX
A
tax paid quarterly by exporters to U.S. Customs based on a percentage of
their total value of exports.
HARD MONEY
Refers
to currency that is accepted internationally and is freely convertible.
HARMONIZED CODE
An
internationally accepted and uniform description system for classifying
goods for customs, statistical, and other purposes.
HARMONIZED TARIFF SCHEDULE OF THE UNITED STATES (HTSUS)
The legal list issued by the U.S. Government used to determine the classification of imported merchandise.
HARMONIZED TARIFF SCHEDULE/HARMONIZED SCHEDULE
A
comprehensive list of all products, classified according to their
characteristics, and used to provide duty rate and statistical
information.
HARTER ACT
Legislation protecting a ship’s owner against claims for damage resulting from the behavior of the vessel’s crew; provided the ship left port in a seaworthy condition, and was properly manned and equipped.
HEDGING
A strategy used by dealers in commodities, foreign exchange and securities, and by manufacturers and other producers to prevent loss due to price fluctuations.
HIGH PERFORMANCE COMPUTER
Computers with a Composite Theoretical Performance greater than 2000 Million Theoretical Operations Per Second.
HOGSHEAD
A large cask.
HOLDER IN DUE COURSE
An individual or legal entity (holder) who possesses a negotiable instrument, document of title, or similar document, and who took possession for value, in good faith, and without notice of any other individual’s or legal entity’s claim or defense against the instrument or document.
HOLD FOR PICKUP
Freight to be held at the carrier’s destination location for the recipient to pick up.
HOLD HARMLESS CONTRACT
An agreement by which one party accepts responsibility for all damages and other liability that may arise from a transaction, relieving the other party of any such liability. The contract provides complete indemnity.
HOLD WITHOUT ACTION
A designation placed on an export license to review the exporter’s application or shipment under consideration.
HORIZONTAL EXPORT TRADING COMPANY
An export trading company that exports a range of similar or identical products supplied by a number of manufacturers or other producers.
HOUSE-TO-HOUSE
Cargo stuffed by the shipper at his facility and unstuffed by the consignee at his facility.
HOUSE-TO-PIER
Cargo stuffed at shipper's facility and unstuffed at the carrier's facility.
HUB
A central location to which traffic from many cities is directed and from which traffic is led to other areas.
HUB AND SPOKE ROUTING
An aircraft routing service pattern that feeds traffic from many cities into a central hub.
HUNDREDWEIGHT PRICING
Special pricing for multiple piece shipments traveling to one destination that are rated on the total weight of the shipment (usually over 100 pounds) as opposed to rating on a per package basis.