A letter of credit, which requires, amongst the documents stipulated. Wto dictionary caribbean trade reference center organization. Dictionary of international trade global negotiator. Glossary of customs and trade terms b bl abbreviation for bill of lading. Glossary of international trade terms 2016 guide sponsored by. There are so many shipping terms related to international trade that it can. Prepared by adriana campos azofeifa, specialist in policies and trade.
The last date which the exporter can ship the merchandise and still be in compliance with the terms of the letter of credit, usually stated on the shipment transport document. Press, the world trade organization wto and the centre for international. International trade is a different type of activity from domestic trade, and a more complicated one, given that the buyer and seller are in different countries, and they therefore face a series of barriers which have to be overcome. An electronic version of this document can be found on the following websites. It is also a receipt for cargo accepted for transportation, and must be presented for taking delivery at the destination. A tax imposed on imports by the customs authority of a country based on the value of the goods. An ata carnet is an international customs document instituted in 1961 by the. The intent of this dictionary was to produce a broad listing of terms, which are commonly used in trade negotiations and especially within the context of the free trade area of the americas ftaa with a view to providing an information tool for the public at large. When the term is capitalized, it means all contracting parties acting jointly. Bank financing of cashflow for exporters who grant their foreign buyers a term of. International trade is a different type of activity from domestic trade, and a more complicated one, given that the buyer and seller are in different countries, and they therefore face a. The first is to determine at what point the responsibility and ownership for the shipment transfers from the seller to the buyer. Ancillary guarantee type of guarantee where the guarantor joins with one of the parties to the contract and agrees to fulfill that partys obligations if necessary, effectively cosigning the contract.
Glossary of international trade terms trade connect. Airway bill document signed by an airline to show receipt of goods for air transportation from and to the airports indicated. Glossary westpac banking corporation abn 33 007 457 141 december 2014 westpac banking corporation abn 33 007 457 141 glossary of trade terms. The intent of this dictionary was to produce a broad listing of terms, which are. Glossary of customs and trade terms centre for customs and. When you click on a term, an explanation will appear. Incoterms were created as common codes of conduct and contract and are regulated by the international chamber of commerce for international trade. An acronym of the french and english words admission. View homework help international trade terms of trade. Download as docx, pdf, txt or read online from scribd. 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.
The international trade dictionary contains a glossary of 2000 key terms for international. Download the glossary of import and export terms in pdf format. It provides a full and precise definition of each term, and explains the context in which they are used. Contracting parties refers to the nations which signed the general agreement on tariffs and trade. A document listing and acknowledging receipt of goods for transport. Glossary of international trade terms letter of credit bill of lading.
The dictionary of international trade also contains an annex with the most common acronyms and abbreviations to be found in international trade documents. The glossary of import and export of alpha international trade provides. This is the fourth edition of the dictionary of trade policy terms. Student question econ 210 may 17 fairchild phillip vaughn. It is charged with regulating and facilitating international trade, collecting import duties, and. Gatt general agreement on tariffs and trade, which has been superseded by the wto.
Dictionary of international trade globalnegotiator. Glossary of international trade terms latest shipping date. Basic glossary of terms commonly used in the world trade. Glossary of international trade terms free download as word doc. A glossary of international shipping terms shipping solutions.