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Other Information- Glossary of terms- Why Japanese Used Vehicles

Glossary of Terms

Act of God

An act beyond human control, such as lightning, flood or earthquake.

Arrival Notice

A notification sent by the carrier on ship’s arrival to the consignee, the "Notify Party" and - when applicable - the "Also Notify Party." These parties in interest are listed in blocks 3, 4 and 10, respectively, of the Bill of Lading.

Bill of Lading (B/L)

A document that establishes the terms of a contract between a shipper and transportation company. It serves as a document of title, a contract of carriage and a receipt for goods.

CFR or C&F (Cost and Freight) (...Named Port of Destination):

A Term of Sale where the seller pays the costs and freight necessary to bring the goods to the named port of destination, Terms of Sale but the risk of loss of or damage to the goods, as (continued) well as any additional costs due to events occurring after the time the goods have been delivered on board the vessel, is transferred from the seller to the buyer when the goods pass the ship’s rail in the port of shipment. The CFR term requires the seller to clear the goods for export.

CIF (Cost, Insurance and Freight) (...Named Place of Destination):

A Term of Sale where the seller has the same obligations as under the CFR 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.

FOB (Free On Board) (...Named Port of Shipment):

An 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 shipment. This means that the buyer has to bear all costs and risks to loss of or damage to the goods from that point. The FOB term requires the seller to clear the goods for export.

(Ro/Ro)

A shortening of the term, "Roll On/Roll Off." A method of ocean cargo service using a vessel with ramps which allows wheeled vehicles to be loaded and discharged without cranes.

Proforma Invoice

An invoice provided by a supplier prior to the shipment of merchandise, informing the buyer of the kinds and quantities of goods to be sent, their value, and specifications (weight, size, etc...)

Commercial Invoice

Represents a complete record of the transaction between the exporter and importer with regards to the goods sold. Also reports the content of the shipment and serves as the basis for all other documents about the shipment.

Letter of Credit (LC)

A document, issued by a bank per instructions by a buyer of goods, authorizing the seller to draw a specified sum of money under specified terms, usually the receipt by the bank of certain documents within a given time.

Confirmed Letter of Credit

A letter of credit, issued by a foreign bank, whose validity has been confirmed by a domestic bank. An exporter with a confirmed letter of credit is assured of payment even if the foreign buyer or the foreign bank defaults.

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.

Confirming Bank

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

Consignment

(1) A stock of merchandise advanced to a dealer and located at his place of business, but with title remaining in the source of supply.
(2) A shipment of goods to a consignee.

Consignee

A person or company to whom commodities are shipped.

Consignor

A person or company shown on the bill of lading as the shipper.

Shipper

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

Freight Forwarder

A person whose business is to act as an agent on behalf of the shipper. A freight forwarder frequently makes the booking reservation.

Demurrage

A penalty charge against shippers or consignees for delaying the carrier’s equipment beyond the allowed free time. The free time and demurrage charges are set forth in the charter party or freight tariff.

Why Japanese used car ?

Good quality low cost Japanese used cars are usually very difficult to find and unless you know a lot about cars its easy to make a wrong decision and buy a car which will probably fall apart quickly costing you thousands more in parts and labour. In this website we`ll show you how to find, buy and import a quality Japanese used car, saving you thousands while getting a reliable, good condition vehicle. And its easier than you think!

Japanese used vehicles are renowned for their quality engineering, and good value and reliability. Japanese drivers are careful to maintain their car cosmetically and mechanically so virtually most cars put up for auction are in great condition. Japanese cars are usually equipped with many options so you`ll find things like auto air conditioning, power steering, power windows, air bags, ABS, and more, come with the car.

The popularity of Japanese used cars has grown by leaps and bounds over the years. There is an increase in the availability of used cars in Japan. The reason for this lies in the life styles of the Japanese. No cars other than the Japanese ones can excel in both performance and price at the same time. It is well known the Japanese used cars are very popular in many foreign countries and one of the reasons for the popularity is they have superb performance and overall excellent quality.

Japanese used cars are popular in the world for less engine troubles. In the event of an accident; cars are always replaced with new parts in the exterior as well as the interior. The fuel consumption is lower in Japanese used cars. Automatic transmission is better in Japanese used cars than the others.

We believe that Japan is the best place to buy used cars mainly because cars in Japan are very carefully maintained and Japanese roads are one of the best in the world. Considering these facts, we can safely assume appreciate the popularity of Japanese used cars as they are economical and an obvious value for money and high quality.

The Japanese Government has a very strict car safety system which increases the cost of ownership over time. Any car over five or six years old becomes very expensive to test and service so drivers prefer to buy new cars and put the old one up for auction.

Our strong ties with Japanese used car auction sites, car dealers and suppliers give us clear advantage in meeting our customers` needs for high quality Japanese used cars at very reasonable prices. All the Japanese used cars we acquire go through a rigid inspection in accordance with strict Japanese regulations to ensure best quality for what you pay.

Re-building salvage cars

In this case, a salvage car is shipped as it is, either in a car ferry (ro/ro method) provided it can move on its own power (is drivable) or ship in a container. The biggest challenge with buying salvage cars from japan is making sure that you have all needed spare parts to rebuild and repair a car. Very few companies offer the option of supplying salvage cars with necessary spare parts and when they do they add high margins on the top of their purchasing costs and the process is slow since they have to buy parts from somebody else.

RZJAPAN is in a unique position of being both salvage / used car supplier and supplier of used and brand new spare parts.
If you are interested to buy a car please check our stock page.
Also please check with our representative regarding availability of needed spare parts.

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