CFR > Title 31 > Subtitle B > Chapter II > Subchapter A > Part 375 > Subpart C – Determination of Redemption Operation Results; Settlement
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Terms Used In CFR > Title 31 > Subtitle B > Chapter II > Subchapter A > Part 375 > Subpart C - Determination of Redemption Operation Results; Settlement
- Act: means the Foreign-Trade Zones Act of June 18, 1934, as amended (48 Stat. See 19 CFR 146.1
- Activation: means approval by the grantee and port director for operations and for the admission and handling of merchandise in zone status. See 19 CFR 146.1
- Contract: A legal written agreement that becomes binding when signed.
- Merchandise: includes goods, wares and chattels of every description, except prohibited merchandise. See 19 CFR 146.1
- Operator: is a corporation, partnership, or person that operates a zone or subzone under the terms of an agreement with the zone grantee. See 19 CFR 146.1
- port director: means the director of that port of entry. See 19 CFR 146.1
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
- Transfer: means to take merchandise with zone status from a zone for consumption, transportation, exportation, warehousing, cartage or lighterage, vessel supplies and equipment, admission to another zone, and like purposes. See 19 CFR 146.1
- User: means a person or firm using a zone or subzone for storage, handling, or processing of merchandise. See 19 CFR 146.1
- Zone lot: means a collection of merchandise maintained under an inventory control method based on specific identification of merchandise admitted to a zone by lot. See 19 CFR 146.1
- Zone status: means the status of merchandise admitted to a zone, i. See 19 CFR 146.1