Inbound logistics glossary of transportation, logistics, supply chain, and international trade terms can help you navigate through confusion and get to the meaning behind industry jargon. Place where goods are kept temporarily when in transit from one country to another. Download the glossary of import and export terms in pdf format. The expression the terms of trade has been in use by international economists for most of a century, and its fundamental meaning is clear to all. Effective december 2, 2002, carriers andor automated nvoccs nonvessel operating common carrier must submit a cargo declaration 24 hours before cargo is loaded aboard the vessel at a foreign port. Since the collapse of the bretton woods agreements in the early 1970s, international currencies have floated in response to forces of supply and demand. The economic interaction among different nations involving the exchange of goods and services, that is, exports and imports. Glossary of trade financing terms of the international trade center itc in english, french, and spanish. Gatt general agreement on tariffs and trade, which has been superseded by the wto. B balance of trade the value of a countrys exports minus its imports.
Department of transportation in the interest of information exchange. A prepublication of the glossary was prepared as a resource document for the fourth international conference on health promotion, new players for a new era. International glossary of business valuation terms to enhance and sustain the quality of business valuations for the benefit of the profession and its clientele, the below identified societies and organizations have adopted the definitions for the terms included in this glossary. International currency exchange rates determined by laws of supply and demand. A glossary iv iia issues paper series preface the secretariat of the united nations conference on trade and development unctad is implementing a work programme on international investment agreements. The guiding principle of international trade is comparative advantage, which indicates that every country, no matter their level of development, can find something that it can produce cheaper than another country. Glossary of international shipping terms a8a manifest a form issued by a licensed customs broker which allows ccra to monitor in bond shipments. This glossary will eventually attempt to cover all of the terms and concepts from international economics, including both international trade and international finance, at least at the introductory level. International relations and global politics glossary global politics. Definitions of all terms related to cargo insurance.
International trade unrestricted by protectionist measure such as tariffs or quotas. Commercial service, to assist companies in exporting. Glossary of international trade terms acceptance commission. They consist of threeletter codes that are intended to clearly communicate the tasks, costs and risks associated with the transportation and delivery of goods in an international transaction. A type of chart which consists of four significant points. The terms in this glossary have been carefully selected from the myriad of terms one can encounter in the shipping business. Trade finance glossary of terms international trade. Glossary of business terms adjective adj headwords for adjectives followed by information in square brackets only before a noun and not before a noun show any restrictions on where they can be used. Dictionary of trade policy terms fourth edition july 2003. Glossary westpac banking corporation abn 33 007 457 141 december 2014 westpac banking corporation abn 33 007 457 141 glossary of trade terms. Dictionary of international trade globalnegotiator.
Glossary of customs and trade terms b bl abbreviation for bill of lading. When you click on a term, an explanation will appear. An undertaking by the drawee who then becomes the acceptor, of a bill of exchange to pay to the person presenting the bill called the. A joint government and trade community initiative in developing, enhancing and maintaining effective security processes throughout the global supply chain. Incoterms are universal trade terms published by the international chamber of commerce icc. It lists topics routinely dealt with by trade officials in trade negotiations. Trade terms glossary of trade terms privacy shield. Basic glossary of terms commonly used in the world trade organization wto this glossary forms part of the series of notes that the center for strategic analysis.
Glossary of international trade terms business trade forum. Dictionary of trade policy terms a absolute advantage. It provides a full and precise definition of each term, and explains the context in which they are used. Forex trading glossary, learn about currency trading. The intent of this dictionary was to produce a broad listing of terms, which are. Glossary of international export import trade terms and. The act of giving a written undertaking on the face of a usance bill of exchange to pay a started sum on the maturity date indicated on the bill of exchange. If an acceptance is created by a bank, it is known as a bankers acceptance. Glossary of compensation terms bureau of labor statistics. They have been fixed by the international chamber of commerce, which first published them in 1936. World trade organization wto the organization that succeeded the general agreement on tariffs and trade gatt as a result of the successful completion of the uraguay round of. Balance of payments bop the bop is the annual financial record of foreign payments and foreign receivables.
Contracting parties refers to the nations which signed the general agreement on tariffs and trade. They either reduce or remove altogether uncertainties arising from differing. Because my own specialty is international trade, the coverage will inevitably be much more thorough for that. Nutbeam, who collaborating centre for health promotion, department of public health and community medicine, university of sydney, australia. This glossary covers all of the terms and concepts from international economics, including both international trade and international finance. This list explains what some of them stand for and their meaning. In this article we have compiled an extensive list of the different terms that are widely used in the conducting of transactions in international trade. Glossary of customs and trade terms the following customs and trade terms are intended as a guide to assist anyone who may not be familiar with the vast array of terms and acronyms that populate the world of customs and international trade and travel. When the term is capitalized, it means all contracting parties acting jointly. It is also a receipt for cargo accepted for transportation, and must be presented for taking delivery at the destination. Noun n the codes c and u show whether a noun, or a particular sense of a noun, is countable an agenda, two agendas or uncountable. Glossary of international trade terms trade connect. Dictionary of international trade global negotiator. Developed by trados, now published by sdl international.
Glossary of international standards as defined by the iso. Glossary of international trade terms 2016 guide sponsored by. A glos sary iv iia issues paper series preface the secretariat of the united nations conference on trade and development unctad is implementing a work programme on international investment agreements. Glossary contribution in their original mothertongue, the terms language of habitual use, dominant language and native language are often used instead.
Glossary for international trade international market. The dictionary of international trade also contains an annex with the most common acronyms and abbreviations to be found in international trade documents. At the top of the page you can quickly find pages using the quick search box. Dictionary of international trade the international trade dictionary contains a glossary of 2000 key terms for international business and trade classified into eight categories encompassing the full breadth of international trade activities. Disclaimer this information is disseminated under the sponsorship of the u. Prepared by adriana campos azofeifa, specialist in policies and trade. Charges that represent the interest or fee charged by the bank that discounts the draft to the beneficiary. International relations and global politics glossary. Glossary of international trade terms 24 hour rule. These are international definitions for a common understanding of the clauses in international trade. This glossary is based in part on an earlier one, glossary of current industrial relations and wage terms bls bulletin 1438, 1965.
A letter of credit term meaning plus or minus 10% of whatever immediately follows. Since then, more terms have continually been added with the publication of each new cpss report. A notice from a bank verifying that an authentic letter of credit was issued by another bank, specifying the dollar amount of that letter of credit, the beneficiary and the other particulars. It is charged with regulating and facilitating international trade, collecting import duties, and. Glossary of international trade terms credit today. If it is accepted by a corporate entity, it is known. A glossary of terms used in payments and settlement systems. An international trade union body, formed in 1949, composed of a large number of national central labour. The dictionary contains 2000 key terms for international trade. Glossary of customs and trade terms centre for customs and. The fee that is usually paid by the applicant to the accepting bank to compensate the bank for accepting the draft under a usance letter of credit. Glossary of international trade terms in global trade world the term international trade is referred to the exchange of goods and services between regions. Trade termsglossary of trade terms a glossary of trade terms used in exporting. Basic glossary of terms commonly used in the world trade.
Glossary of terms used in world trade of goods, products and services, in 4 languages. The emi expanded the collection with the glossary of its blue book, payment systems in the european union, published in 1996. The performance of business valuation services requires a high. It seeks to help developing countries to participate as effectively as possible in international investment rule. The trade compliance and logistics world has a huge number of acronyms, and it is everchanging. This article is part of a basic guide to exporting, provided by the u. Extensive trade finance glossary of terms includes international trade, import, export and trade finance terms expands global trade funding knowledge base. Created by the international chamber of commerce icc, incoterms are international rules that are accepted by governments, legal authorities and practitioners worldwide for the interpretation of the most commonly used terms in international trade. Congress in november 1993 and began implementation in january 1994.
Consult our tips incoterms 2010 for more information. A glossary of international shipping terms shipping solutions. Glossary of export import international trade terms starting withb. Balance of payments adjustment this refers to the way in which states settle their bills. Building a more basic version of an existing product for a lesserdeveloped market. Unece, commission of the customs union in cooperation with the chamber of commerce and industry of the russian federation, revised second edition.
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