The ACP. Countries of Africa, the Caribbean and Pacific.

AD VALOREM. Tariff based on a percentage of the value of the load.

ADR. European agreement on Transport the International of Dangerous Merchandise by Highway.

AEIE. European grouping of Economic Interest

AELC. European agreement of Free Commerce. From 1958. Iceland, Liechtenstein, Norway and Switzerland.

ANSEA. Association of Nations of Southeast Asia. From 1967. Members: Brunei, Malaysia, the Philippines, Singapur and Thailand. Papúa New-Guinea, Vietnam and Laos are observant. South Korea has a special statute.

ANZUS.Desde 1951 between Australia, the United States and New Zealand.

APEC. Economic cooperation in Asia Pacific. From 1989. Members: Brunei, Malaysia, the Philippines, Indonesia, Singapur, Thailand, Australia, New Zealand, Japan, the USA, Canada, Mexico, Papúa Nueva Guinea, South Korea, China, Taiwan and Hong Kong.

ARBITRATION. Method to solve disputes that usually force the implied parts.

ATEIA. Association of Transitarios International and Assimilated.

ATP. Agreement the International on Transport the International of Perecederas Merchandise and Special Vehicles.

IT DAMAGES THICKNESS. When one has become deliberate and reasonably a damage or sacrifice of the merchandise with the objective to preserve a ship and/or the other merchandise.

WARNING OF EXPEDITION. It is the document whereupon the sender communicates to the designatario designated in the expedition order that has been carried out the shipment of merchandise.

BACK TO BACK. When the beneficiary of the credit is not the final supplier of the merchandise and the received credit is not transferable, the exporter can ask for his Bank that emits a new documentario credit endorsed by the first received credit. They are two different credits (unlike the transferable one). They are very complex operations and with high risk for the banks.

BACO. Barge Carrier Container. Ship

BAF (Bunker Adjustement Factor). Factor of Fuel Adjustment. It influences in the calculation of the load.

BAfD. African bank of Development.

BANK ACCEPTOR. Similar to the payer Bank, but in this case, accepts an effect to the victory instead of paying or committing themselves to the payment.

WARNING BANK. It is the Bank correspondent of the Bank of issue in the country of the exporter. Single it acquires the commitment to warn the beneficiary of the opening of the credit.

CONFIRMATING BANK. It guarantees the payment on the part of the Bank of issue. It is used when the guarantees that the Bank of issue offers not consider sufficient. Usually it is the warning Bank.

BANK OF ISSUE. Bank chosen by the importer. It makes and it makes the opening of the credit. The credit pays if the conditions demanded in he himself are fulfilled. It is the Bank of the Importer.

NEGOTIATING BANK. Purchase (it discounts) an effect to the exporter. Although the payment usually is deferred, the exporting at sight cobra (with or without interests).

PAYER BANK. It is generally a Bank in the country of the exporter, who receives the mandate of the Bank of issue to pay or to commit itself to the payment against presentation of the demanded documentation. For the exporter he is advisable who exists a payer Bank in his country.

BAsD. Asian bank of Development.

BC-Net. Network of Enterprise Cooperation

BEI. European bank of Investments.

BENEFICIARY. Person whose favor emits the credit and that can once demand the payment to the Bank of issue or the payer one has fulfilled the conditions stipulated in the credit. He is the exporter.

BERD. European bank of Reconstruction and Development.

I.A.D.B. Inter-American Development Bank.

BILL OF LADING. It is a receipt given to the shipper by the given merchandise. He demonstrates the existence of a contract of marine transport and grants rights on the merchandise.

ENCORE. Bulletin of Selective Information of Export. Data base ICEX

BL AT YOUR SERVICE. (To the Order). When a BL is at your service, the proprietor of the merchandise (the possessor of the BL), can turn it: in nominative case (by means of endorsement), to put it at your service of another company/signature or to leave it with the endorsement signed in target. They are used.

BL TO the CARRIER (To to bearer): the possessor of the document is the proprietor of the merchandise.

BL HOUSE. When the BL emits a transitario. It is a nonnegotiable document, that does not give rights on the merchandise.

NOMINATIVE BL. They are extended to name of a determined person, that position will be able to become of the previous merchandise identification and presentation of one of the original BL. They do not admit endorsement.

CAD. Payment against documents.

Caf (Currency Adjustement Factor). Factor of Adjustment of Currency. It influences in the load.

CAG. Payment against merchandise.

CALL OPTION. Option of purchase. Contract that offers to its possessor the right, not it obligation, to buy an amount of currencies to a type of change predetermined during a period of time or in the date of victory of the contract.

CARICOM Community and Common Market of the Caribbean. From 1973. Mainly anglófonos countries: Old Barbuda, Bahamas, Belize, Dominican, Granada, Montserrat, Sta Lucia, San Vicente and the Granadinas, St. Kitts and Nevis.

CARRIER. Carrier

LETTER OF CREDIT DOCUMENTARIO. A document by which to request of the buyer its bank authorizes the exporter to receive in a date specified by a concrete expedition against the precise and detailed document presentation in agreement with the conditions of the credit.

CCI. Chamber of Commerce the International.

CEAO Economic Community of Western Africa. One is based on 1.973, with seat in Ouagadugudou (Burkina Ditch). They are members: Benín, Burkina Ditch, the Ivory Coast, Mali, Mauritania, Niger and Senegal. Guinea and Togo are observant.

CEDEAO Economic Community of the States of Western Africa. From 1977, host one in Lakes (Nigeria). Members: Benin, Burkina Ditch, Cabo Verde, the Ivory Coast, Gambia, Ghana, Guinea, Guinea Bissau, Liberia, Mali, Mauritania, Niger, Senegal, Mountain range Leona and Togo.

CEI the Commonwealth of Independent States. From 1991. Members: Russia, Bielorrusia, the Ukraine, Moldavia, Azerbayán, Georgia, Armenia, Kazajastán, Turkmenistán and Tayikistán.

ANALYSIS CERTIFICATE. Certifica document that that the nature, composition, degree, etc. of the merchandise corresponds to the contracted quality.

CERTIFICATE OF I DEPOSIT. It is demanded in the cases in that the existence of previous deposit forces it to have made before dispatching the merchandise.

INSPECTION CERTIFICATE. Certificate that it indicates that the merchandise have been examined and found you conform to mentioned in a contract or a pro forma. They make specialized companies. SGS, Bureau Veritas, Lloyd´s, etc. 10% are inspected Generally

ORIGIN CERTIFICATE. Document that identifies the sent merchandise and declares specifically where the merchandise made. In Spain they make the Chambers of Commerce.

CERTIFICATE OF WEIGHT. It is a document in which it is pointed out the weight of the merchandise (net and gross) bulk by bulk.

HEALTH CERTIFICATE. Document that certifica that the merchandise have been examined and is in perfect conditions for the human consumption.

INSURANCE CERTIFICATE. Document that test that has contracted the insurance of a concrete expedition.

CFR. Incoterm. Cost and Load.

CFS. Container Freight Station. Station of Load of Containers.

CGC Advice of Cooperation of the Gulf. From 1979. It groups to United Saudi Arabia, Bahrein, Arab Emirates, Kuwait, Omán and Qatar.

CIF. Incoterm. Cost, insurance and load (before C&F).

CIM. Bill of lading the International for Railroad.

AGREEMENT CIM. International treaty of Merchandise, Bern, 1890.

CIP. Incoterm. Paid load and insurance.

RED CLAUSE. It allows the exporter to partially arrange total or of the amount of the credit before still presenting/displaying documents in him required and before sending the merchandise. It is a financing of the importer to the exporter.

CMR. Bill of lading the International for transport by Highway.

RAMMER COEFFICIENT: EC = V/P; being V= Volume (m3) and P = Peso (Tn3).

COFIDES. Company of Financing of the Development.

COLLECT SURCHARGE. Surcharge by collection of the load in destiny.

COLLECTION CREDITS. In fact it is not a documentario credit, but that are credits emitted in the habitual form but available for payment in the boxes of the Bank of issue, that is to say, the Bank of issue is the payer one.

He is desaconsejable for the exporter, who agrees to him more than the payer Bank is in its own country.

COMMERCE CLEARING. Agreement between two countries to settle its commercial interchanges by means of the compensation of certain merchandise.

BOARDING KNOWLEDGE. Receipt of the put merchandise on board of a boat, signed by the person or agent who commits themselves by contract to transport them.

KNOWLEDGE OF AERIAL BOARDING. Aerial document of consigment of féte filled up by the sender or in his name. AWB. It gives title on the merchandise.

ADVICE OF THE BALTIC SEA. Created in March of 1992. Members: Germany, Denmark, Estonia, Finland, Latvia, Lituania, Norway, Poland, Russia and Sweden

CONSENSUS THE OECD. It is an agreement between the countries more developed to limit the financial conditions of his international supplies, avoiding financial competitions.

CONSOLIDATION. System of expedition of diverse packages of different consignadores under an agent from a common destiny. (GRUPAJE)

CONTINGENT. A Contingent is the possible limitation to export or to import a certain amount or during a determined time, merchandise.

TARIFF CONTINGENT. During a period of time the exports or the imports, are not in favor taxed of the customs tariffs.

QUANTITATIVE CONTINGENT. When it is prohibited to export or to import: a certain amount of merchandise, or during a certain time a type of merchandise, or both together prohibitions.

ECONOMIC COOPERATION OF THE BLACK SEA. From 1991. Members: Armenia, Azerbayan, Bulgaria, Georgia, Greece, Moldavia, Rumania, Russia, Turkey and the Ukraine.

BANKING COSTS CRED. DOC. These banking expenses are: advance warning, notification and confirmation, commissions of payment, deferred payment, acceptance or negotiation, the costs of the modifications, the nonuse of the credit, the interests of the negotiation and the costs of the messages.

CPA. Code of Customs Procedure.

CPT. Incoterm. Paid load even. (before DCP).

CREDIT DOCUMENTARIO AGAINST ACCEPTANCE. The credit is available against acceptance of documents and a ruined effect on credit (turn) against a Bank designated by the credit (Bank acceptor) that can be the own emitter. The Bank acceptor independently assumes the commitment of payment to the victory if it has confirmed the credit or no. The effect can be discounted if the Bank considers it opportune. The expenses of discount are on behalf of the beneficiary, unless the credit specifies the opposite.

CREDIT DOCUMENTARIO AGAINST NEGOTIATION. The credit is available against presentation of documents and an effect, at sight or on credit, freed against the Bank of issue or the ordenante of the credit. The negotiating Bank is limited to finance to the beneficiary on behalf of the Bank of issue. The negotiating Bank purchase on behalf of the emitter the rights of the beneficiary on the credit. It can be negotiated by any Bank.

CREDIT DOCUMENTARIO AGAINST PAYMENT. It is paid to the beneficiary against presentation of documents indicated in the credit. The credit is available without effects. In the case of at sight payment it can demand an effect freed by the beneficiary against the Bank determined in the credit. It must designate a payer Bank that can be the own emitter. If payable At sight and it is confirmed by the designated payer Bank, this it cannot delay the payment awaiting the bottoms, previous verification of documents. If payable and it is on credit confirmed, the confirmating Bank is committed against document delivery to pay to the victory. If it were not confirmed, the Bank can communicate that it takes documents without commitment. The victory can be fixed by means of: a term, date reception merchandise, date embark merchandise, date document delivery, etc.

IRREVOCABLE CREDIT DOCUMENTARIO. The credit cannot be modified or be cancelled without the agreement of the Bank of issue, confirmating Bank (if there were it) and of the beneficiary. It is a commitment in firm on the part of the Bank of issue in please the exporter. IMPORTANT NOTE: for want of a clear indication in the credit, this one will be considered like irrevocable. Irrevocable the Documentario Credit, can be confirmed or not be confirmed.

CREDIT DOCUMENTARIO STUCCOABLE. They can at any time be annulled or be modified by the Bank of issue and without having to warn the beneficiary. Nevertheless the Bank of issue is forced by all the payments, commitments, acceptances or negotiations conducted prior to the receipt of the notification of modification or cancellation. Its use advises against absolutely, since it is not a commitment of payment in firm. Actually they are used never, except for counted exceptions.

TRANSFERABLE CREDIT DOCUMENTARIO. Transferable a Documentario Credit is emitted in favor of a beneficiary who is not the one who produces the merchandise but an intermediary, who has settled down a sales contract with a buyer, but depends on one third part (the exporter), to provide the merchandise to his client. Specially indicated for the TRADING Companys. The beneficiary can give instructions to the payer Bank, acceptor or negotiator so that the credit is usable, partial or totally, by one or more beneficiaries of his country or another country. If he is wanted that a Documentario Credit is Transferable, it is necessary to specify it in the conditions of the credit, being indicated the mention: transferable.

CREDIT DOCUMENTARIO. It is an agreement by virtue of which a Bank (Bank of issue), building at the request of a client (ordenante) and in accordance with his instructions, is commited to carry out a payment to third (beneficiary) or authorizes to another Bank to carry out this payment, against presentation of documents demanded within the time limit specifying, as long as the terms and conditions of the credit have been fulfilled.

CREDIT STAND-BY. A Stand-by credit is used like a substitute of a endorsement. It is a subject endorsement of documentaria execution to the URU´s. They are possible to be used in any type of transaction and are based on the concept of contract breach on the part of the ordenante of the Stand-by credit.

CS. Congestion Surcharge.

CTBL. Combined Transport Bill of Lading. Document of multimodal transport.

CY. Yard container. Warehouse of containers

CHARTER PARTY. If an exporter contracts to a ship tramping the emitted document it is the BL Party Charter. It is not prevailed by such criteria that a normal BL. They are governed by article 25 of the URU.

DACON. Data base of the World Bank on Consultants.

DAF. Incoterm. Border franc

DDP. Incoterm. Given with paid rights.

DDU. Incoterm. Given without paying right.

DECLARATION OF CUSTOMS. It is the document presented/displayed by the importer (or his agent or transitario) for the office of the merchandise, in order that that one happens to become position of the same ones.

DEG. Straight Special of Turn

I DEPOSIT CUSTOMS OFFICER. They are enclosures, under the control of the Customs in which the merchandise do not pay import rights. They are used mainly when an importer does not know as it will be the final destiny of the import. The same operations are allowed that in the Frank Zones. The maximum time that merchandise can be in a Customs Deposit is of five years.

DEQ. Incoterm. Given next to the wharf. (before EXQ).

DES. Incoterm. Given next to the boat (before EXS).

DISPLACEMENT OF SPIRAL. It is the weight of the constructed ship but without fuel, luggage, crew nor load.

DOD. Straight of Currency Obtaining. They are the expenses and banking commissions for the payment of the marine load. Approx 1% of the load.

DUA. Customs Unique document. Nonnecessary in the intracommunitarian commerce. Yes for third countries (for import and export).

ECU. European Currency Unity. Unit of European Account.

EDI. Electronic interchange of Data.

EEE European Economic Space. From 1992 it groups to the countries of the European Union and to those of the AELC.

EFTA. European association of Free Commerce. (AELC)

EIP. European Investment Partners. European program that subsidizes to the creation of mixed companies or investments in the Mediterranean countries, Asia and South America.

ELS (Extra Lenght Surcharge). Surcharge by length in the load.

ERM. Exchange Rate Mechanism. Mechanism of Changes and Intervention

EUR.1. Document that serves as voucher as the prefencial treatment between two countries. It serves for expor. and impor.

EURODIVISA. They are convertible currencies, outside the control of the monetary authorities of the country of orgien.

EUROMARKETS RATE. Interest rates to the international market of capitals for the hiring of loans or investments in different currencies.

EWS. Extra Weight Surcharge. Surcharge by on weight in the hiring of the load.

IT INVOICES PRO FORMA. It is an preinvoice given by the exporter to the importer, with the objective to present the importer with exactitude the price that will pay by the merchandise and the mode of payment.

FAD. Bottoms of Aid to the Development (credits to developing countries).

FBL. Negotiable knowledge FIATA for multimodal transport.

FCL. Container of full load. Full Load Container

FCLA (Full Container Load Allowance). Reduction in the load by use of complete container.

FEDER VESSEL. Nourishing ships.

FEOGA. European bottom of Direction and Agricultural Guarantee.

EDGE. Free in Liner Out. Clause hiring charters. The totality of the harbor operations is on behalf of the merchandise, execpto desestiba in destiny.

FIOS. Free in and out stowed. Clause hiring charters. The totality of the harbor operations is on behalf of the merchandise. The load only covers the marine transport.

LOAD. Cost of the marine transport. (Freight)

FCL. Container of full load. Full Load Container

FORFAITING. Purchase of accepted letters of change, documentarios credits or other promises of payment, resigning the adquiriente of these effects to any right or in front of demands the exporter and the previous holders.

IT FORMS CERTIFIED A. OF ORIGIN OF the SPG (System of Generalized Preferences). It is an import document. It demonstrates the granted preferential treatment to the developing countries.

FPA. Free of Particular Average. Franc of Particular Failure. This clause protects to the merchandise against total loss, damages and heavy failures.

FRA. Forward Rate Agreement. It is an agreement between two parts on the type of interest to apply in a deposit in a future date.

FSE. European Social bottom.

GREATER FORCE. A clause that limits the responsibilities of the suppliers and carriers under certain circumstances.

INDEMNIFICATION GUARANTEE. Document that the agent or sender of the indemnification of any risk or claim originated by the illegal use of a B/L guarantees to

EXPENSES FOB. Expenses of reception, drag and load of merchandise since it is received in the port until load on board.

GATT. General agreement on Tariffs and Commerce.

BANK DRAFT. Check extended by a bank to another payable bank to third.

GRUPAJE. System of expedition of diverse packages of different consignadores under an agent from a common destiny. (= Consolidation)

VISEGRAD GROUP. Agreement of Free Commerce of Central Europe. From 1992. Members: Czech Rep., Slovakia, Hungary and Poland.

HAWB. House Air Waybill. It is the AWB emitted by a transitario instead of a regular airline company.

HEDGING. Cover. To cover against the possible loss by speculation by means of transactions compensatorias in other currencies.

IATA. Association of Aerial Transport the International.

ICEX. Spanish institute of Foreign trade.

ICO. Institute of Official Credit

IFC. Financial corporation the International.

II TO FOB (Named Inland Carrier AT Named Inland Point Of Departure). Trade Terms the USA.

II B FOB (Named Inland Carrier AT Named Inland Point Of Departure). Freight Prepaid to (named port of export). Trade Term the USA.

II C FOB (Named Inland Carrier AT Named Inland Point Of Departure). Freight Allowed (named point). Trade Term the USA.

II D FOB (Named Inland Carrier AT Named Inland Point Of Exportation). Trade Term the USA.

II AND FOB Vessel (Named Port of Shipment). Trade Terms the USA.

II F FOB (Named Inland Point In Country of Importation). Trade Term the USA.

IMARCO. Marine institute of Arbitration and Hiring. Specialized Spanish by arbitration organism in marine subjects.

INCOTERMS. They are international rules for the interpretation of the commercial terms fixed by the Chamber of Commerce the International. Its objective is to establish criteria defined on the distribution of expenses and transmission of risks, between exporter and importer. There are 13 terms:

EXW, FAS, FOB, CFR, CIF, DES, DEQ, DAF, DDP, DDU, FCA, CPT, CIP

The Incoterms regulates: the delivery of merchandise, the transmission of risks, the distribution of the costs,

the document proceedings. But they do not regulate: the mode of payment nor the applicable legislation.

INTENDED PORT. Predicted port

INTERMODAL, TRANSPORT: Transport by several means of transport (aerial, marine, wagon or railway). (= Multimodal Transport).

JETRO. Japanese corporation of Foreign trade

LASH. Lighter Aboard Ship. Lash hulls

LCL. Container of less full Load.

CHANGE LETTER: Document or title value by means of which a physical or legal person (librador) orders to another one (drawee) to pay an amount in favor of third, to its victory.

THE EAST OF MERCHANDISE. The make available on the part of the Customs Authority, of merchandise to the anticipated aims, in the customs regime that it is put under.

EXPORT LICENSE. Document that grant leave to export merchandise specified within a concrete term.

IMPORT LICENSE. It is the official authorization that allows the entrance of the merchandise in the country of the importer. If the merchandise are not put under customs restrictions they send automatically.

LIFO. Liner in Free out. Clause hiring charters. The totality of the harbor operations is on behalf of the merchandise, except the rammer in destiny. The load only covers the marine transport.

LINER TERMS. Terms of line. When the ship is on watch regular.

BLACK LIST. Negative certificate of Black List. Certifica that the exporting beneficiary is not including in the black list from the country to that the merchandise go destined.

LOADED ON BOARD. It indicates that the merchandise have been loaded on board.

MANIFESTO. The list of load of a boat.

MATE´S RECEIPT. Receipt of the merchandise is a document signed by the captain of the ship accusing on board. On the basis of this document, the shipping ones extend the B/L.

MCCA. Central American Common market. Formed by Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua

MERCOSUR Common Market of South America. From 1991. Brazil, Argentina, Paraguay and Uruguay.

MOMS. IVA in Denmark.

MTD. Multimodal Transport Document. They are the documents of multimodal transport, normally emitted by the shipping lines of containers to cover the office with merchandise with a place with taking from position to a place with delivery.

WHARFAGE. The paid rates to use a wharf or services of wharf (Right of wharf)

N.O.P.E. Previous notification to the Export. Necessary to export merchandise submissive previous statistical monitoring.

N.O.P.I. Previous notification to the Import. Necessary to concern merchandise submissive previous statistical monitoring.

CONSIGMENT NOTE. Document that declares the conditions under which the merchandise are transported.

NRA. Customs record number.

The OECD. Organization of Cooperation and Economic Development.

OCE Organization of Economic Cooperation. From 1985. Members: Turkey, Iran, Pakistan, Azerbayán, Kazajastán, Uzbekistán, Kirguizistán, Turkmenistán and Tayikistán.

OCI. Central office of Intrastat Information.

O.A.S. Organization of American States. From 1948. It groups to the 34 independent American states, with exception of Cuba.

OMC. World-wide organization of Comercio. She replaces the GATT.

ORDENANTE. Person or organization who asks for the opening of the credit to her Bank committing itself to carry out the payment. He is the importer.

OTM. Operator of Multimodal Transport.

OUTRIGHT FORWARD. Futures on credit. All the transactions of purchase/currency sale, with valuation superior to 2 working days.

OUTSIDERS. Ships that do not belong to a Marine Conference.

PA (Pallet Allowance). Reduction in the hiring of the load by palletized merchandise.

PACKING LIST. She is one lists in which the content of each bulk of an operation of export is specified.

PALLET. Platform constituted by two floors united by stringers. Measures: Universal= 1200 xs 1000 mm

Europalet=1200 x 800 mm Height máxima= approx 1.70 M.s

The GIP. Gross Inner product

PLAFOND. LIMIT TARIFF MAXIMUM. It is a combination of quantitative and tariff contingent. A time determined for the suspension or prohibition of imports or exports settles down.

PNB (= Gross National Product). It includes/understands the sum of the total of the private and public investment and the public and deprived consumption that has been made in a country during a year.

INSURANCE POLICY. It is the document that gathers the conditions in which the merchandise make sure. They can at your service be nominative or.

POSTPANAMAX. Ships that cannot pass the Panama Canal.

PRE-ENTRY. The process of document presentation in the customs before the expedition or arrival of the merchandise.

PREMIUM. Premium. It is the amount that receives the emitter of an option and that compensates the change risk to him that assumes.

PREMIUM TO THE COMMISSION AGENT. The guarantee of the agent before the main one of the solution of the parts to which it carries out sales. It is included in the agency agreements.

PROTEST OF SEA. It can be by failures, shipwreck, boarding or inclumplimiento of the presentation of the load.

FRANK PORT. It is a territory that enjoys exemptions and advantages of customs rights. Merchandise can be loaded and be unloaded. In Spain: Ceuta, Melilla and the Canary Islands.

PUT OPTION. Option of sale. Contract that offers to its possessor the right, not it obligation, to sell an amount of currencies to a type of change predetermined during a period of time or in the date of victory of the contract.

PVD. Developing countries.

PVD-ALA. Countries in Via of Development of Asia and Latin America.

REGIME OF ADMINISTRATIVE AUTHORIZATION. The operations of export or import that is under this regime, will need a previous document that authorizes the same ones. The necessary document is the Administrative Authorization of Export for exports, and the Administrative Authorization of Import for imports. The request is had to present/display in the Secretariat of State of Commerce. It has a term of validity of 6 months.

REGIME OF TOTAL COMMERCIAL FREEDOM. Within this regime they are made most of the operations with the outside. Any previous requirement to the export or import is not needed.

PREVIOUS REGIME OF STATISTICAL VIGILANCICA. Certain merchandise are within this regime. It is competition of the Secretariat of State of Commerce, to decide if merchandise this submissive this regime.

TOW LIGHT. If the PMA is inferior to 750 kg.

RESERVES OF A CREDIT DOCUMENTARIO. If the documents strictly do not fulfill the terms and conditions established in the conditions of the credit, then we will speak of RESERVES.

REVOLVING (ROTATIVO). A CD revolving is that one usable one by an amount that remains constant by a specified period of time. From this form when it is used is available by the totality of the amount, or from automatic form or as soon as warning of the emitter is received of to have received you conform documents of the preceding use.

ROLL ON ROLL OFF. Ships for transport of rolled load.

LOAD RUPTURE. Breaking Bull. It is the total or partial decomposition of the container in his elements to come to his storage or transports to the receiver of the load.

SAARC Association of Asia of the South for Regional Cooperation. From 1983 between Bangla Desh, Bhután, India, Maldivas, Nepal, Pakistan and Sri Lanka.

SACU. Customs union of Austral Africa. From 1979, host one in Pretoria (South African Rep.), Members: Bostwana, Lesotho, Rep. Sudafricana and Swazilandia.

SADC. Community of Development of Southern Africa. From 1980, host one in Gaborone (Bostwana), Members: Angola, Bostwana, Lesotho, Malawi, Mozambique, Swazilandia, Tanzania, Zambia and Zimbabwe.

SDT. Declaration of shippers for the transport of dangerous merchandise.

BE WAYBILL (SWB). NonNegotiable shipping document. It allows the access to the merchandise of the part briefed against identification. Useful for sale of the merchandise in transit.

SHORT FORM BL (Blank Back). One is a document that does not include all the conditions of the contract of marine transport in reverso of the document. It always has to be accepted, unless a documentario credit specifies that east type of BL is not accepted.

SME. European Monetary system.

SMI. Monetary system the International.

SOBRESTADIA. The money paid by the exporter by the delays in the load, unloads or to occupy space in a port or warehouse beyond a specified term.

SOIVRE. Official service of Inspection, Monitoring and Regulations of the Exports.

SPG. System of Generalized Preferences.

SPOT. Counted. It is the buying and selling change of a currency with respect to another one (generally USD).

SPREAD. Differential. Difference between taking and lending interest rate.

STRIKE PRICE. Price of Exercise. It is the type of change prefixed to a currency option.

SWAP. Transaction of changes in currencies that consists of a purchase “spot”, against a sale on credit or vice versa.

SWAPTIONS. Options on Swaps

SWIFT. For Society Worldwide Interbank Financial Telecomunication. Messages of electronic interchange of data between banks.

TAKEN IN CHARGE. It indicates that the merchandise have been taken for load.

TEEM. Trans Europe Express Merchandise.

THROUGH B/L. If the marine transport carries out it more of a carrier one of the documents who will be able to cover the totality with the expedition in Through BL

TYPE OF CHANGE. The price of a currency in relation to another one.

TIR. Convention Douanière au Transport International de even Merchandises Route.

TLC. Free Trade Agreement. From 1-1-1994 between the U.S.A., Mexico and Canada.

TLO. Total Loss Only. The insuring payment if the shipment is damaged so that is uneconomical its recovery.

TLVO. Loss total of Vessel Only. Effective total losses. The insurer only pays the shipment if the ship is destroyed. It is the mini guarantee.

TO THE BEARER. AL PORTADOR

SHORT TON. Short ton = 2000 pounds = 907.18 kg.

LONG TON. Long ton = 2240 pounds = 1016.16 kg.

METRIC TON. Metric ton = 2204 pounds =1000 kg.

TONNAGE OF DEAD WEIGHT. It includes the weight of the load and the consumable ones of a ship.

TRADE MARTS. Building dedicated to the permanent exhibition of products made by the companies.

TRANSFER. The process to transfer the load of means from transport to another one.

TRANSITARIO. The responsible part to organize the export and/or import of the load.

TVA. IVA of France

UDEAC. Customs and Economic union of Central Africa. From 1964. Seat in Bangui (Central African Rep.). Members: Cameroun, the Congo, Gabon, Equatorial Guinea, Rep. Centroafricana and Chad. From 1994 it is created: CEMAC Economic and Monetary Community of Central Africa, whose Central bank is the BEAC (State bank of Central Africa). Zone of Franco CFA.

UEMOA Economic and Monetary Union of Western Africa. Monetary Union of Western Africa replaces from 1994 the UMOA (. Members: Benin, Burkina Ditch, the Ivory Coast, Mali, Niger and Senegal. Its central bank is the BCEAO (Central bank of the States of Western Africa). Zone of Franco CFA.

UMA. Union of the Arab Magreb. From 1989. Members: Algeria, Libya, Morocco and Tunisia. In serious problems due to the situation of Algeria.

The UNCTAD. Conference on Commerce and Development of United Nations.

URU. Uses and Uniform Rules of the Chamber of Commerce the International.

VALUE IN CUSTOMS. In order to calculate the Customs rights that there are to apply, the Customs defines the concept of Value in Customs, that is the one of the merchandise plus all the expenses (surely, transport, etc.) that have taken place until the moment for passing the customs. On this value in customs, the type of tariff will be applied that the merchandise are put under. The tariff to apply depends on the merchandise and the country of origin. To the turn out to apply the tariff to the value in customs, the corresponding IVA is applied. This value is the Value of the Merchandise.

FRANK ZONE. In the Frank Zones merchandise of any type are admitted, amount, country of origin or destiny. Merchandise can be loaded and be unloaded, be transferred, be stored, and be manipulated. In almost all the countries of the world frank zones exist. The Frank Zones offer fiscal advantages like suspension of customs rights, special IVA and taxes, are not applied quantitative or qualitative restrictions, etc.

Related course: Masters Foreign trade.