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Glossary of Customs and Trade Terms

H

Hague Rules, The

A multilateral maritime treaty adopted in 1921 (at The Hague, Netherlands). Standardizes liability of an international carrier under the Ocean B/L. Establishes a legal ‘floor’ for B/L.

Harmonised System (HS)

The international system published by the WCO that sets out in systemised form the goods handled in international trade. Goods are grouped in Sections, Chapters and sub-Chapters that are governed by rules.

Heavy lift

Very heavy cargoes that require specialized equipment to move the products to and from ship/truck/rail/barge and terminals. This ‘heavy lift’ machinery may be installed aboard a ship designed just for such transport (Heavy lift vessel). Shore cranes, floating cranes and lift trucks may also be adapted for such heavy lifts.

Heavy lift vessel

Vessel specifically designed with heavy lift cranes, to handle heavy and/or out-sized cargoes.

High-risk

An activity, entity or transaction that is deemed to present a high risk to the achievement of Customs objectives.

Hub

A central location to which traffic from many cities is directed and from which traffic is fed to other areas.

 


 

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Centre for Customs and Excise Studies


University of Canberra
ACT 2601, Australia
Phone: +61 2 6201 5487
Fax: +61 2 6201 5746


E-mail:

Australian Government Registered Higher Education Provider #00212K
(University of Canberra)

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