Glossary of words and phrases used in International Trade
There are 85 entries in this glossary.| Term | Definition |
|---|---|
| Tariff No. |
Customs Code number that relates to the type of goods, see also commodity code, |
| TIR |
Transport Internationale Routes; road transport sealed on departure to be opened only at destination |
| TURN |
Traders unique reference number. (VAT Number plus Branch Identifier) |
| UCP522 |
ICC Uniform Rules for Collections under bill of exchange. For more information see our Documentary Collections page on this website. |
| UCP600 |
ICC Uniform Customs and Practice for Documentary Credits. Current version is UCP600 implemented 01-Jul-2007. For more information see our Letter of Credit page on this website. |
| VAT |
Value Added Tax (U.K. Standard Rate 20% from 04-Jan-2011) |
| Volumetric Weight |
Freight rates are charged on either actual weight (e.g. gross) or volumetric (e.g. based on the size of the shipment) whichever the greater |
| WTO |
World Trade Organisation |
