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Special cargo policy

A document used to that coverage is provided to cover loss or damage to cargo while in transit when insurance is placed against an open marine cargo policy. Usually is called cargo insurance certificate or insurance certificate. See insurance certificate;…

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Special marine policy

An insurance policy which is issued to cover a single shipment. The special marine policy form calls for the name of the vessel and sailing date, points of shipment and destination, nature of commodity, description of units comprising the shipment,…

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Specific duty

A duty base on some measure of quantity, such as weight, length or number of units. For example, 0,5 cents of dollar per liter or 1,2 euros per kilogram. See also customs duty. See ad valorem duty.

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Specific tariff

A specific tariff is a tariff charged as fixed amount per quantity unit such as $100 per ton.

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Spot cash

Immediate cash payment in a transaction, as opposed to payment at some future time.

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