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- At
(referring to price)
A.A.D. - Annual aggregate
deductible
a.a.r. - Against all risks
A.B.S. - American Bureau of
Shipping is an American ship classification society.
a.c. - Account
A.C.A.S. - "Advisory,
Conciliation and Arbitration Service"
A.C.I.I. - Associate of
Chartered Insurance Institute
A.F. - Advanced freight
a.f.a.a. - as far as
applicable
A.G.W.I. - "Atlantic,
Gulf, West Indies Limits"
A.I.M.U. - American Institute
of Marine Underwriters
A.I.R.M.I.C. - Association of
Insurance and Risk Managers in Industry and Commerce "Fonds
Africain de Developpement, FAD) is an affiliate of the African
Development Bank (AfDB) which provides interest-free loans to African
countries for projects which promote economic and social development and
improve international trade among members"
A.M.I.
-
Absolute maximum loss
A.M.V.E.R. - Automated
Mutual-Assistance Vessel Rescue
A.O. Voy. - Any one voyage
A.O.B. - Any one bottom
A.O.E. - Any one event
A.O.L. - Any one loss
a.o.loc. - Any one location
A.O.O. - Any one occurrence
A.O.R. - Any one risk
A.O.V. - Any one vessel
A.P. - Additional premium
A.P.L. - As per list
A.R. - All risks
A.S.E.A.N. - Association of
South East Asian Nations
A.T.L. - Actual total loss
A/C - Account current
A/o - Account of
A/P - Additional premium
A/R - All risks. Against all
risks
A/S - "After sight,
Account sales, Alongside (chartering)"
A/T - American terms (grain
trade)
A/v - "Average, ad
valorem (according to value)"
AADFI - Association of
African Development Finance Institutions
AAEI - American Association
of Exporters and Importers
AAIB - Arab-African
International Bank
AATP - Association of African
Trade Promotion Organizations
ABC - American Business
Center
ABCA - Association des
Banques Centrales Africaines
Abdnt. - Abandonment
ABEDA - Arab Bank for
Economic Development in Africa
ABI - "American Business
Initiative, Automated Broker Interface"
Abt. - About
Abu Dhabi Fund for Arab Economic
Development. - "ADFAED promotes economic and social development
in African, Arab, and Asian developing countries. The Fund, which was
created in July 1971, began operations in September 1974; headquarters
are in Abu Dhabi"
ACAB - Association of Central
African Banks
ACC - Arab Cooperation
Council
Acc. - Acceptance. Accepted
Accession - "Accession
is the process by which a country becomes a member of an international
agreement, such as the General Agreement on Tariffs and Trade (GATT) or
the European Community. Accession to the GATT involves negotiations to
determine the specific obligation.
Accession - "This
refers, in general, to the process of a country joining the GATT. During
accession to the GATT, a country accords tariff and other concessions
that are its 'price of admission' to the GATT. Although accession to the
GATT binds a country to the Genera"
ACCJ - American Chamber of
Commerce in Japan
accomplished bill of lading -
Original bill of lading surrendered to the carrying ship at the
discharge port in exchange for the goods.
ACCT - Agency for Cultural
and Technical Cooperation
Acct - Account
ACEP - Advisory Committee on
Export Policy
ACH - Automated Clearinghouse
ACP - "African,
Caribbean, and Pacific"
ACP - "African,
Caribbean and Pacific States"
ACPC - Association of Coffee
Producing Countries
ACS - Automated Commercial
System
ACTPN - Advisory Committee on
Trade Policy and Negotiations
ACU - Asian Clearing Union
AD - Antidumping
Ad Val - Ad Valorem
Ad Valorem - "Literally:
according to value. Any charge, tax, or duty that is applied as a
percentage of value. "
Ad Valorem Equivalent -
"AVE is the rate of duty which would have been required on dutiable
imports under that item, if the United States customs value of such
imports were based on the United States port of entry value. "
AD Valorem Tariff - "A
tariff assessed as a percentage of the value of the goods cleared
through customs. For example, 10 percent Ad Valorem means the tariff is
10 percent of the value of the goods."
Ad. val. - Ad valorem-according
to value
ADB - Asian Development Bank
ADF - "African
Development Foundation, African Development Fund, Asian Development
Fund"
ADFAED - Abu Dhabi Fund for
Arab Economic Development
Administrative Exception Notes
- "CoCom controls exports at three levels, depending on the item
and the proposed destination. At the lowest level, ""national
discretion"" (also called ""administrative
exception""), a member nation may approve the export on its
own, but CoCom must be notified"
Administrative Protective Order
- "An Administrative Protective Order, APO, is used to protect
proprietary data that is obtained during an administrative proceeding.
Within Commerce, APO is most frequently used in connection with
Antidumping and Countervailing Duty investigations."
Administrative Review -
"Each year, beginning on the anniversary of the date of publication
of an antidumping duty order, the Commerce Department's International
Trade Administration is required to review and determine the amount of
any antidumping duty."
ADRs - American Depository
Receipts
ADS - Agent Distributor
Service ADS provides a custom search overseas for interested and
qualified foreign representatives on behalf of a U.S. exporter. Officers
abroad conduct the search and prepare a report identifying up to six
foreign prospects that have examined the U.S. firm's product literature
and have expressed interest in representing the U.S. firm's products.
Advisory Committee on Trade
Negotiations (ACTN) - "A group appointed by the U.S. President
to advise him on matters of trade policy and related issues, including
trade agreements."
Advisory Committee on Trade
Policy and Negotiations - "The ACTPN is a group (membership of
45; two-year terms) appointed by the President to provide advice on
matters of trade policy and related issues, including trade agreements.
The 1974 Trade Act requires the ACTPN's establishment and broad
representation"
Advocacy Center - "The
Advocacy Center, established in November 1993, facilitates high-level
U.S. official advocacy to assist U.S. firms competing for major projects
and procurements worldwide."
AEF - Africa Enterprise Fund
AEN - Administrative
Exception Note
AERP - Automated Export
Reporting Program
AfDB - African Development
Bank
AfDF - African Development
Fund
AFESD - Arab Fund for
Economic and Social Development
Affiliate - An affiliate is a
business enterprise located in one country which is directly or
indirectly owned or controlled by a person of another country to the
extent of 10 percent or more of its voting securities for an
incorporated business enterprise or an equivalent.
Affiliated Foreign Group -
"An affiliated foreign group means (a) the foreign parent, (b) any
foreign person, proceeding up the foreign parent's ownership chain,
which owns more than 50 percent of the person below it up to and
including that person which is not owned more than 50 percent"
"Affreightment, contract of
" - "An agreement by a steamship line to provide cargo
space on a vessel at a specified time for a specified price to
accommodate an exporter or importer, who then becomes liable for payment
even if he is later unable to make the shipment."
AFREXIMBANKAfrican Export-Import
Bank -
Africa Enterprise Fund -
"The AEF, operating under the International Finance Corporation,
began operations in late 1989. The Fund assists small and medium-size
enterprises in sub-Saharan Africa, supports investment projects, and
promotes development of private enterprises in Africa"
Africa Project Development
Facility - The APDF seeks to accelerate development of productive
enterprises sponsored by private African entrepreneurs as a means of
generating self-sustained economic growth and productive employment in
Sub-Saharan Africa. The facility provides advisory services
African Development Bank -
AfDB (French: Banque Africaine de Developement) provides financing
through direct loans to African member states to cover the foreign
exchange costs incurred in Bank-approved development projects in those
countries. Fifty-one African countries are members.
African Development Foundation
- "ADF provides economic assistance to groups and institutions
involved in development projects at the local level. The foundation's
assistance, designed as a complement to the U.S. foreign aid program, is
awarded only to native African organizations."
African Development Fund -
The ADF (or AfDF) (French:
African Export-Import Bank -
"AFREXIMBANK offers short-term export trade financing to African
exporters aimed at enhancing intra-African trade and Africa's exports.
Agreement to create the bank was based on a January 1993 agreement
reached in Cairo, Egypt among African governments, ce"
African Management Services
Company - "AMSCO provides temporary managers and management
training to support the development of African companies. AMSCO works
through a network of representatives in Africa; its clients include
privately owned companies, public sector companies, and
subsidiaries"
African Regional Organization for
Standardization - "ARSO (French: Organisation Regionale
Africaine de Normalisation, ORAN) promotes and co-ordinates
standardization, quality control, certification, and metrology practices
in Africa.
AFTA - ASEAN Free Trade Area
After Date - "A term
used on a draft, bill of exchange or note indicating the date from which
a draft will begin counting days until maturity. If an exporter draws a
draft and stipulates a payment ""30 days after
date"", the draft is due 30 days from the date on which
it"
Agency for International
Development - "AID was created in 1961 to administer foreign
economic assistance programs of the U.S. Government. AID has field
missions and representatives in approximately 70 developing countries in
Africa, Latin America, the Caribbean, and the Near East. "
Agent/Distributor Service -
"The Agent/Distributor Service, ADS, is an International Trade
Administration (ITA) fee-based service which locates foreign import
agents and distributors."
Agrement - Agreement by one
government to accept the accreditation of an ambassador from another
government.
Agricultural Marketing Service
- "Among its activities, the Agriculture Deparment's AMS is
available to foreign buyers to assure that any product shipped overseas
meets contract specifications. The service is operated on a user-fee
basis. AMS works with the buyers to write a specification."
Agricultural Officers -
"Agricultural officers are embassy officials who are responsible
for addressing agricultural trade policy issues and preparing reports on
agricultural commodities such as rice, wheat, and dairy products."
AGRIS - Agriculture
Information System
Agt. - "Agent, Against,
Agreement"
AIB - Arab International Bank
AIBD - Association of
International Bond Dealers
AID - Agency for
International Development
AIES - Automated Information
Exchange System
AIMS - Agriculture
Information and Marketing Services
Air Cargo Agent - A type of
freight forwarder who specializes in air cargo and acts for airlines
that pay him a fee (usually 5%). The Air Cargo Agent is registered with
the International Air Transport Association (IATA).
Air Freight Forwarder -
"A type of freight forwarder who specializes in air cargo. The Air
Freight Forwarder usually consolidates the air shipments of various
exporters, charging them for actual weight and deriving his profit by
paying the airline the lower consolidated rate."
Air Waybill - "An AWB is
a bill of lading which covers both domestic and international flights
transporting goods to a specified destination. Technically, it is a
non-negotiable instrument of air transport which serves as a receipt for
the shipper."
Air Waybill (Of Lading) -
"A signed receipt and a contract to deliver goods by air. Such
bills are non-negotiable and do not convey title to the goods as do
""To Orders"" bills of lading used by ocean and land
carriers. The title passes to the party to whom the goods are consigned."
AIST - Agency for Industrial
Science Technology
AIT - American Institute in
Taiwan
AKA -
Ausfuhrkredit-Gesellschaft
Aktiengesellschaft - "AG
(German, meaning: ""stock company"") is a
corporation with a separate legal personality which must have at least
five partners. The firm name usually reflects the activities of the
company and must include ""AG."" "
ALADI - Asociacion
Latinoamericana de Integracion
ALIDE - "Association
Latinoamericana de Institutiones Financieras, de Desarrollo"
All Risks Coverage -
"All Risks Coverage, a type of marine insurance, is the broadest
kind of standard coverage, but excludes damage caused by war, strikes,
and riots."
All-Risk Clause - An
insurance provision that all loss or damage to goods is insured except
inherent vice (self-caused).
Alongside - "A phrase
referring to the side of a ship. Goods to be delivered
""alongside"" are to be placed on the dock or
lighter within reach of the transport ship's tackle so that they can be
loaded aboard the ship. Goods are delivered to the port of
embarkation."
AMB - Ambassador
AMCHAM - American Chamber of
Commerce
Amendments - Article XXX of
the GATT Agreement provides that amendments (that become effective upon
acceptance by two thirds of the Contracting Parties) are to be effective
only for those parties which accept them.
American Business Center -
"The ABC program provides U.S. companies which are exploring or
establishing commercial opportunities in the Newly Independent States of
the former Soviet Union with business services such as telephone and
fax, temporary office space, market information."
American Business Initiative
- "The ABI, or American Business and Private Sector Development
Initiative for Eastern Europe, emphasizes the export of American
telecommunciations, energy, environment, housing, and agriculture
products and services to Eastern European countries."
American Depository Receipts
- "ADRs are negotiable receipts for the securities of a foreign
company which are kept in the vaults of an American bank, allowing
Americans to trade the foreign securities in the United States while
accruing any dividends and capital gains. "
American Institute in Taiwan
- "The AIT is a non-profit corporation that represents U.S.
commerical, cultural, and other interests in Taiwan in lieu of an
embassy. In 1979, the United States terminated formal diplomatic
relations with Taiwan when it recognized the People's Republic of China."
American Traders Index -
"The American Traders Index, ATI, is the U.S. and Foreign
Commercial Service headquarters compilation of individual US&FCS
domestic client files, for use by overseas posts to generate mailing
lists. "
AMF - Arab Monetary Fund
AMS - "Agricultural
Marketing Service, Automated Manifest System"
AMSC - African Management
Services Company
amt. - Amount
AMU - Arab Maghreb Union
Andean Group - The Andean
Group (Spanish: Grupo Andino; sometimes referred to as Pacto Andino or
Corporation Adino de Fomento; formal reference is Acuerdo de Cartegana
in recognition of the Group's establishment in Cartegena in October
1969) is an association of Latin States
Andean Reserve Fund -
"The Andean Reserve Fund (Spanish: Fondo Andina de Reservas),
associated with the Andean Group, was established to strengthen the
balance of payments positions of member countries by offering credit,
guarantee loans, and promoting compatibility among members"
Andean Trade Preference Act -
"The ATPA is a unilateral trade benefit program designed to promote
economic development through private sector initiative in the four
Andean countries of Bolivia, Colombia, Ecuador, and Peru. The ATPA
encourages alternatives to coca cultivation and production"
ANF - Arrival notification
form
Anti-Dumping Clause - A
tariff imposed to discourage sale of foreign goods in the United States
market at very low prices (below foreign country's domestic market)
which might hurt U.S. manufacturers.
Antidumping -
"Antidumping, as a reference to the system of laws to remedy
dumping, is defined as a converse of dumping."
Antidumping Duty - A duty
assessed on imported merchandise which is subject to an antidumping duty
order. The antidumping duty is assessed on an entry-by-entry basis in an
amount equal to the difference between the United States price of that
entry and the foreign market value.
Antidumping Duty Order -
"A notice issued following final determination of sales at less
than fair value and material injury, or threat of material injury,
providing for the imposition of antidumping duties."
Antidumping Investigation Notice
- The notice published in the Federal Register announcing the initiation
of an antidumping investigation. An investigation must be initiated
within 20 days of the filing of a valid petition.
Antidumping Petition -
"A petition filed on behalf of an affected United States industry,
alleging that foreign merchandise is being sold in the United States at
""less than fair value"" and that such sales are
causing or threatening material injury to, or materially retarding."
Antidumping/Countervailing Duty
System - "The Antidumping/Countervailing Duty System, a part of
Customs' Automated Commercial System, contains a case reference database
and a statistical reporting system to capture data for International
Trade Commission reports on antidumping and countervailing "
AOSIS - Alliance of Small
Island States
AP - Administrative
Protective Order
APAC - Auto Parts Advisory
Committee
APDF - Africa Project
Development Facility
APEC - Asian-Pacific Economic
Cooperation
API - American Petroleum
Institute
Appd. - Approved
Arab Bank for Economic
Development in Africa - The ABEDA (French: Banque Arabe pour le
Developpement Economique en Afrique -- BADEA) was created by the League
of Arab States in November 1973 (began operations in March 1975) to
promote economic and technical cooperation between Arab and African
states
Arab Cooperation Council -
"The ACC was created in 1989 to promote economic cooperation and
integration. Members include Egypt, Iraq, Jordan, and North Yemen. The
ACC, partly intended as a counterpart to Gulf Cooperation Council, was
created one day subsequent to the establishment"
Arab Fund for Economic and Social
Development - "AFESD promotes regional economic integration and
social development in Arab states. Members include: Algeria, Bahrain,
Djibouti, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Mauritania,
Morocco, Oman, Qatar, Saudi Arabia, Somalia, Sudan, Syria,
Tunisia,"
Arab International Bank -
"The AIB provides financing to support development of foreign trade
among member nations and other Arab states. The Bank was established in
October 1971; headquarters are in Cairo, Egypt. Member include: the
governments of Oman, Qatar, and United Arab Emirates"
Arab Maghreb Union -
"The AMU (French: Union du Maghreb Arabe, UMA) encompasses Algeria,
Libya, Mauritania, Morocco, and Tunisia. The Union was established in
February 1989 to foster integration of the Maghreb economy. The Union
also seeks to join the AMU and the Gulf Coope"
Arab Monetary Fund -
"The AMF, originally aimed at correcting chronic deficits in the
balance of payments in most member states, promotes Arab integration in
monetary and economic affairs.
Arab Trade Financing Program
- "The ATFP promotes trade among Arab countries and exports from
Arab countries. The Program was established in 1989 by the Arab Monetary
Fund; headquarters are in Abu Dhabi, United Arab Emirates. "
Arab-African International Bank
- The AAIB is a pan-Arab consortium incorporated in 1964 as a
self-governing autonomous entity between the Ministry of Finance of
Kuwait and the Central Bank of Egypt; each of which as co-founders hold
49.37% of the Bank's shares.
Arbitrage - The simultaneous
buying and selling of the same commodity or foreign exchange in two or
more markets in order to take advantage of price differentials.
Arbitrage - The practice of
exchanging the currency of one country for that of another or a series
of countries to gain an advantage from the differences in exchange
rates.
Arbitration Clause - A clause
in a sales contract outlining the method under which disputes will be
settled.
Arr. T. L. - Arranged total
loss
Arrangement on Guidelines for
Officially Supported Export Credits - "The Arrangement is an
international agreement under Organization for Economic Cooperation and
Development auspices governing the conditions -- such as interest rate,
repayment term, and cash downpayment -- of medium- and long-term
official export credit; "
arrest - Seizure of a ship by
an authority of a court of law either as a debt security or to prevent
the ship from departing until a dispute is settled.
ARS - African Regional
Organization for Standardization
AsDF - Asian Development Fund
ASEAN - Association of
Southeast Asian Nations
ASEAN Free Trade Area -
"The Association of Southeast Asian Nations (ASEAN) agreed in
January 1992 to create a free trade area (ASEAN Free Trade Area, or AFTA)
with use of a common effective preferential tariff. Under the agreement
ASEAN members will cut tariff rates within 15 years"
Asia Pacific Economic Cooperation
- "APEC, established in November 1989, is an informal grouping of
Asia Pacific countries that provides a forum for Ministerial level
discussion of a broad range of economic issues. APEC includes the six
ASEAN countries (Brunei, Indonesia, Malaysia, Philippines"
Asian Clearing Union -
"The ACU promotes regional trade and economic cooperation,
including arrangements to conserve foreign exhcange and encourage
domestic currencies in trade. Members include Bangladesh, India, Iran,
Myanmar, Nepal, Pakistan, and Sri Lanka; Bhutan, Malaysia, "
Asian Development Bank -
"The ADB helps finance economic development in developing countries
in the Asian and Pacific area through the provision of loans on
near-market terms, with its Ordinary Capital Resources (OCR), and on
concessional terms, through the Asian Development Fund "
Asian Development Fund -
"The ADF (or AsDF), an affiliate of the Asian Development Bank,
lends funds on concessionary terms to the Bank's least developed member
countries."
Assessment - The imposition
of antidumping duties on imported merchandise.
Association of African
Development Finance Institutions - "AADFI (French: Association
des Institutions Africaines de Financement du Developpement, AIAFD)
promotes cooperative financing for social development in Africa and
economic integration. The Association was established in March 1975;
headquarters are in A"
Association of African Trade
Promotion Organizations - "AATPO promotes inter-African trade,
harmonization of commercial policies, communication among African states
in trade matters, and research and training. The organization, which has
about 26 members, was established in 1975"
Association of Central African
Banks - "ACAB (French: Association des Banques Centrales
Africanines, ABCA) promotes cooperation among monetary, banking, and
financial institutions in Africa. Members include two African regional
banks and about 32 national banks.
Association of International Bond
Dealers - The AIBD provides a forum for over 500 members from 30
countries to review international securities market matters. The primary
objectives of the Association are to provide a basis for examinaitn and
discussion of questions relating to the secondary mark
Association of Southeast Asian
Nations - "ASEAN was established in 1967 to promote political,
economic, and social cooperation among its six member countries:
Indonesia, Malaysia, Philippines, Singapore, Thailand, and Brunei. ASEAN
headquarters are in Jakarta, Indonesia. In January 1992, ASEAN"
ASWP -
Any Safe World Port. As these can be subject to change it is always best
to check.
ATFP - Arab Trade Financing
Program
ATI - "American Traders
Index, Andean Trade Initiative"
Atl. - Atlantic
ATLAS - Automated Trade
Locator Assistance Network
ATMIC - Agricultural Trade
and Marketing Information Center
ATOs - Agricultural Trade
Offices
ATP - Advanced Technology
Products
ATPA - Andean Trade
Preference Act
ATPI - Andean Trade
Preference Initiative
AUMA - "Die Ausstellungs-
und Messe-Ausschuss der Deutschen, Wirtschaft"
Ausfuhrkredit-Gesellschaft -
AKA (English: Export Credit Establishment) is an association of German
banks which provide medium and long-term funding for exports.
Ausstellungs (Die) - und
Messe-Ausschuss der Deutschen Wirtschaft - "AUMA (German: the
German Industry Council for Exhibitions and Trade Fairs) promotes
exports by bringing together government, semiprivate, and private
organizations in the coordination of domestic and overseas trade events.
AUMA is a private organization "
Automated Broker Interface -
"ABI, a part of Customs' Automated Commercial System, permits
transmission of data pertaining to merchandise being imported into the
United States. Qualified participants include brokers, importers,
carriers, port authorities, and independent data process"
Automated Clearinghouse - The
Automated Clearinghouse (ACH) is a feature of the Automated Broker
Interface which is a part of Customs' Automated Commercial System. The
ACH combines elements of bank lock box arrangements with electronic
funds transfer services to replace cash or credit cards
Automated Commercial System -
"The Customs Service's Automated Commercial System, ACS, is a joint
public-private sector computerized data processing and
telecommunications system linking customhouses, members of the import
trade community, and other government agencies with the Customs"
Automated Export Reporting
Program - The AERP provides for electronic submission of most
information required on the Shipper's Export Declaration. The program
was initiated in 1969 with the intent of enabling large volume exporters
to submit electronically and facilitate Census Bureau data
Automated Information Exchange
- "AIES, a part of Customs' Automated Commercial System, allows for
exchange of classification and value information between field units and
headquarters. "
Automated Manifest Systems -
"AMS, a part of Customs' Automated Commercial System (ACS) controls
imported merchandise from the time a carrier's cargo manifest is
electronically transmitted to Customs until control is relinquished to
another segment of the ACS. "
Automated Trade Locator
Assistance Network - "ATLAS is a Small Business
Administration-sponsored, contractor-operated, automated system which
provides market research information and statistics on world markets by
SIC code (and possibly harmonized system). Indirect access is available
for businesses"
AUTOVON - Automatic Voice
Network
Aux. - Auxiliary Vessel
Av. - Average
Av. disbts. - Average
disbursements
AVE - Ad Valorem Equivalent
AWB - Airway Bill
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