7 CFR 17.2 - Definition of terms.
Terms used in the regulations in this part are defined or identified as follows, subject to amplification in subsequent sections:
Affiliate and associated company. Any legal entity which owns or controls, or is owned or controlled by, another legal entity. For a corporation, ownership of the voting stock is the controlling criterion. A legal entity is considered to own or control a second legal entity if -
(1) The legal entity owns an interest of 50 percent or more in the second legal entity; or
(2) The legal entity and one or more other legal entities, in which it owns an interest of 50 percent or more, together own an interest of 50 percent or more in the second legal entity; or
(3) The legal entity owns an interest of 50 percent or more in another legal entity which in turn owns an interest of 50 percent or more in the second legal entity.
Copy. A photocopy or other type of copy of an original document showing all data shown on the original, including signature or the name of the person signing the original or, if the signature or name is not shown on the copy, a statement that the original was signed.
Delivery. The transfer to or for the account of an importer of custody and right of possession of the commodity at U.S. ports or Canadian transshipment points in accordance with the delivery terms of the contract and purchase authorization. For purposes of financing, delivery is deemed to occur as of the on-board date shown on the ocean bill of lading.
Destination country The foreign country to which the commodity is exported.
Director. The Director, Pub. L. 480 Operations Division, Foreign Agricultural Service.
Expediting services. Services provided to the vessel owner at the discharge port in order to facilitate the discharge and sailing of the vessel; this may include assisting with paperwork, obtaining permits and inspections, supervision and consultation.
FAS. The Foreign Agricultural Service, USDA.
FSA. The Farm Service Agency, USDA.
Finance. To expend CCC funds, whether or not the participant is required to repay the funds to CCC. For example, this part refers to CCC “financing” both the ocean freight differential, which the participant does not repay, and the commodity cost, which the participant does repay.
Form CCC-106. The form entitled “Advice of Vessel Approval.”
Form CCC-329. The signed original of the form entitled “Supplier's Certificate.”
Importing country. Any nation with which an agreement has been signed under the Act.
Invitation for bids and IFB. A publicly advertised request for offers.
Legal entity includes, but is not limited to, an individual (except that an individual and his or her spouse and their minor children are considered as one legal entity), partnership, association, company, corporation and trust.
Local currency. The currency of the importing or destination country.
Notice of arrival. A written notice in accordance with § 17.8(g) stating that the vessel has arrived at the first port of discharge.
Ocean bill of lading -
(1) In the case of cargo carried on a vessel other than LASH barges: An “on-board” bill of lading, or a bill of lading with an “on-board” endorsement, which is dated and signed or initialed on behalf of the carrier; or
(2) In the case of cargo carried in a LASH barge: (i) For the purpose of financing commodity price, an “on-board” bill of lading showing the date the commodity was loaded on board barges, which is dated and signed or initialed on behalf of the carrier, or a bill of lading or a LASH barge bill of lading with an “on-board barge” endorsement which is dated and signed or initialed on behalf of the carrier.
(ii) For the purpose of financing ocean freight or ocean freight differential, a bill of lading which is dated and signed or initialed on behalf of the carrier indicating that the barge containing the cargo was placed aboard the vessel named in the Form CCC-106 not later than eight running days after the last LASH barge loading date (contract layday) specified in the Form CCC-106. This may be either an “on board” bill of lading or a bill of lading or a LASH barge bill of lading with an “on-board ocean vessel” endorsement.
(3) Documentary requirements for a copy of an “ocean bill of lading” refer to a non-negotiable copy thereof.
Ocean freight contract. A charter party or liner booking note.
Ocean transportation. Interchangeable with the term “ocean freight”.
Ocean transportation brokerage. Services provided by shipping agents related to their engagement to arrange ocean transportation and services provided by ships brokers related to their engagement to arrange employment of vessels.
Ocean transportation-related services. Furnishing the following services: lightening, stevedoring, and bagging (whether these services are performed at load or discharge), and inland transportation, i.e., transportation from the discharge port to the designated inland point of entry in the destination country, if the discharge port is not located in the destination country.
Person. An individual or other legal entity.
Private entity. The nongovernmental legal entity with which an agreement has been signed under the Act.
Supplier. Any person who sells a commodity to an importer under the terms of a purchase authorization, or who sells ocean transportation to an importer or supplier of the commodity under the terms of a purchase authorization.
USDA. The U.S. Department of Agriculture.
United States. The 50 States, the District of Columbia, and Puerto Rico.