Shipping acronyms and abbreviations all acronyms dictionary. Many thanks to kjetil at rimship for sharing his knowledge and abbreviations with us. Az shipping dictionary and abbreviation finder chartering terms. The a3 system is a means of describing a business process in a. Ships and equipment aboard ships parts of ships describing the position of an object from on board a ship relative positions aboard ships various ship types. Balance of payments bop the bop is the annual financial record of foreign payments and foreign receivables. Dictionary of international trade global negotiator. Understanding incoterms, international trade terms and. The terms in this glossary have been carefully selected from the myriad of terms one can encounter in the shipping business. List of all most popular abbreviated international shipping terms defined. Mar 21, 2017 5 thoughts on the most common shipping and payment terms incoterms used in international trade pingback. Shippers are also professional designation of the shipping company official at the brokerage, which deals with doing business on the freight market. They are widely used in the international trade processes.
The most common shipping and payment terms incoterms used. Glossary of international trade terms trade connect. Key definitions of over 1500 useful international trade terms. Search for acronym meaning, ways to abbreviate, or lists of acronyms and abbreviations. This is the fourth edition of the dictionary of trade policy terms. International business trade terms and abbreviations. We have to face so many shipping terms and abbreviations during shipping or shipment lcl sea shipment or air shipment the products to the foreign buyers. Shipping terms and abbreviations for export import business. Modules in this section will introduce you to the terminology used. Supply the goods in conformity with the contract of sale, with such. Dictionary of trade policy terms fourth edition july 2003. Consortium a group of combined transport operators who agree to rationalise sailing in a trade and carry each others cargo.
A person authorized to transact business for and in the name of another person or company. Dictionary of shipping, international business trade terms and abbreviations. Acquiescence when a bill of lading is accepted or signed by a shipper or shippers agent without protest, the shipper is said to acquiesce to the terms, giving a silent form of consent. The cancellation of the part of a contract that has not yet been performed. Since the collapse of the bretton woods agreements in the early 1970s, international currencies have floated in response to forces of supply and demand. An application that expedites the clearance of cargo for the subsequent release of containers. Overview this fifth edition of alan branchs comprehensive and internationally established dictionary contains an additional 4,000 new entries, taking the total to some 18,000 definitions. Browse thousands of resources from fita to find market reports, tips, news, service providers, agents and distributors related to glossary for international trade. Dictionary of international trade globalnegotiator.
Glossary for international trade international market. They are series of threeletter trade terms related to the common contractual sales practices. Browse the list of 10 707 shipping acronyms and abbreviations with their meanings and definitions. Dictionary of shipping 5th ed international business trade terms. Glossary of terms the following is a list of frequently used terms that may help you understand the international import export process.
The glossary of international trade terms section on apparel search helps the clothing and textile industry learn about terminology used for international business trade. International common export and shipping abbreviations to the customers. International business trade terms and abbreviations quantity. Chartering terms az shipping dictionary and abbreviation. Shipping abbreviations acs australian customs service aest australian eastern standard time ams automated manifest system amsa australian maritime safety authority aqis australian quarantine inspection service ata carnet admission temporaire temporary admission carnet awb air waybill baf bunker fuel adjustment factor. Heres a handy guide to incoterms, a set of international rules for the interpretation of the most commonly used trade terms. Many of the shipping carriers such as ups, dhl, fedex offer guarantees on their delivery times. In some cases, these terms are known and most of the cases its unknown to us. Applying incoterms to sale and purchase contracts makes global trade easier and helps partners in different countries understand one another.
Browse the list of 388 international shipping acronyms and abbreviations with their meanings and definitions. It is the central point through which export shipment data required by multiple agencies is. International common export and shipping abbreviations. Shipping trade dictionary zilberberg, louisjacques on. Incoterms are a set of rules that define the responsibilities of sellers and buyers for the delivery of goods under sales contracts for domestic and international trade. 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. Cut off date the last date for which goods can be accepted for a. These are known as gsr guarantees or guaranteed service refunds. It is also a receipt for cargo accepted for transportation, and must be presented for taking delivery at the destination. An ad valorem bill of lading is one where the value of the goods is shown on the face of the document, which value then becomes the carriers limit of liability, in return for this increased liability the carrier will charge an addition to the sea freight. Export import shipping glossary of international trade terms. En pdf common shipping terms and abbreviations school. Dictionary of trade and technical terms of international shipping.
List of all most popular abbreviated shipping terms defined. Shipping terms latest shipping terms for international. The incoterms rules are accepted by governments, legal authorities, and practitioners worldwide for the interpretation of most commonly used terms in international trade. Az shipping dictionary and abbreviation finder abbreviations. An association of ship owners operating in the same trade route who operate under collective. The term applied by australian customs to the computer. Terms of shipment trade intelligence,gain valuable business. Dictionary of shipping international business trade terms and abbreviations. The dictionary of international trade also contains an annex with the most common acronyms and abbreviations to be found in international trade documents. Mar 17, 2009 the exporter pays the ocean shipping air freight costs to the specified location. More than 4,000 entries covering termas on international business, marketing, banking, seaports, airfreight, documentation, shipping, multimodalism, marine insurance, and tourism. The surrender of the property, and any rights and liabilities attaching to it, by the insured to the insurers when a claim for total loss is to be made. This type of trade allows for a greater competition and more competitive pricing in the market.
Shipping abbreviations in international shipping all acronyms. Dictionary of shipping international business trade terms and. Find and download here common glossary on international shipping terms abbreviations and phrases used on shipping documentation and quotations. Glossary of international shipping terms a8a manifest a form issued by a licensed customs broker which allows ccra to monitor in bond shipments as they move through canada. Searchable database containing common marine acronyms, abbreviations, and dictionary about all subjects, with a focus on technical, chartering, boating, seawords telecommunications. These abbreviations are still used more or less today. Press, the world trade organization wto and the centre for international. Dictionary of shipping 5th ed international business trade. List of international trade definitions, explanations.
Glossary of customs and trade terms centre for customs and. International currency exchange rates determined by laws of supply and demand. Our purpose is to generate international trade, interact with state and federal agencies. Due to the fact that colombia and peru implemented free trade agreements with the u. Common shipping terms abbreviation for international trade shipment terms and conditions. May 22, 2018 the freight industry uses a huge amount of abbreviations, for everything from units of measure to pricing structures and modes of travel. The difference between a countrys total imports and exports. Browse thousands of resources from fita to find market reports, tips, news, service providers, agents and distributors related to glossary for international trade find related content on. Strange names are associated with things that you will find in the shipping industry. A letter of credit term meaning plus or minus 10% of whatever immediately follows. Sep 25, 2017 en pdf common shipping terms and abbreviations school of shipping.
More than weblinks and 500 acronyms and abbreviations. Glossary of export import international trade terms starting withb. Uniform trade terms incoterms 1953 international rules for the interpretation of trade terms prepared by the international chamber of commerce icc, brochure 166 ex works ex factory. Agreement on the international carriage of perishable foodstuffs and on the specialequipment to be used for such. The shipping trade rules or international commercial terms inco terms are a series of defined commercial terms published by the international chamber of commerceicc.
They are published by the international chamber of commerce icc and are widely used in international commercial transactions. If exports exceed imports, a favorable balance of trade exists. Dictionary of trade and technical terms of international. Building a more basic version of an existing product for a lesserdeveloped market. Department of transportation in the interest of information exchange. Global import and export trade terms dictionary export bureau. Accessorial charges charges that are applied to the base tariff rate or base contract rate, e. Dec 01, 2004 the work embraces the four elements of the international contract finance, carriage, insurance and export sale and includes terms relating to international business, marketing, banking, seaports, airfreight, documentation, shipping, multimodalism, electronic data interchange, marine insurance and tourism. Port charge relating to a vessel moored at approved anchorage site in a harbor.
In the old days the need for keeping the length of communication offshore was imperative to save time. Home maritime directory shipyards worldwide news terms dictionary abbreviations chartering terms energy terms financial terms glossary. The international warehouse logistics association iwla does not take. It contains all the terms for conducting international business and includes terms relating to international business, marketing, banking, seaports, airfreight, documentation, shipping, multimodalism. Glossary of customs and trade terms b b l abbreviation for bill of lading. Any of various customs documents required for crossing some international borders. The agreed upon freight on a per tonne of cargo per cubic meter or tonne dw and months. This fifth edition of alan branchs comprehensive and internationally established dictionary contains an additional 4,000 new entries, taking the total to some. Dictionary of shipping, international business trade terms. The refusal of merchandise by the designated consignee. Customs entries must be accompanied by evidence that a surety bond is posted with customs to cover any potential duties, taxes and penalties which may accrue. International business trade terms and abbreviations alan e.
International trade unrestricted by protectionist measure such as tariffs or quotas. Weve gathered some of the most common ones here to help you navigate these terms. A shortened or contracted form of a word or phrase used in place of the wholeterm. Dictionary of shipping international business trade terms and abbreviations by alan e. Glossary of customs and trade terms b bl abbreviation for bill of lading. They are intended to reduce or remove altogether uncertainties arising from different interpretation of the rules in different countries. Disclaimer this information is disseminated under the sponsorship of the u. Click on any of the sections below to see the abbreviations used in that area. Supply chain and logistics terms and glossary iwla.
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