Terms used in shipping such as International Court of Justice, International Data Base,International Development Association

 

Terms used in shipping such as International Court of Justice, International Data Base,International Development Association etc.

 

 

This post explains about terms used in shipping such as International Council of Scientific Unions,International Court of Justice, International Data Base,International Development Association,International Energy Agency,International Exhibitions Bureau,International Finance Corporation etc. These terms used in international business are arranged in alphabetical order and you may add more information about terms used in export business at the end of this article, if you wish.

 

Terms used in shipping

 

International Confederation of Agricultural Credit - See: Confederation Internationale du Credit Agricole.

 

International Confederation of Free Trade Unions - ICFTU was established in 1949 to promote the trade union movement by recognizing workers' organizations and through other means of support for the rights of workers to bargain. Members include more than 140 national organizations from nearly 100 countries. ICFTU organizes and educates free trade unions in the developing world primarly through its three regional organizations: APRO for Asia and the Pacific located in New Delhi, India; AFRO in Afria, and ORIT in Latin America, located in Mexico City. ICFTU headquarters are in Brussels, Belgium.

 

International Congress Office - The ICO is a U.S. Travel and Tourism Administration office that persuades international associations to select the U.S. as venues for their meetings. The ICO operates out of the American Embassy in Paris.

 

Terms used in shipping such as International Court of Justice, International Data Base,International Development Association etcInternational Convention for the Safety of Life at Sea (SOLAS) - prescribes the numbers of lifeboats and other emergency equipment that ships must have, as well as safety procedures including continuous radio watches when a ship is at sea.

 

International Convention on the Simplification and Harmonization of Customs Procedures - This Convention, developed by the Customs Cooperation Council, seeks to foster international trade and cooperation by simplifying and harmonizing customs procedures and operations. (The term "customs procedure is not used in the narrow sense of the treatment assigned to imported goods; it covers all provisions relating to a particular sphere of customs activity.) The Convention (also known as the "Kyoto Convention") was adopted in May 1973 in Kyoto, Japan as a core legal instrument with three original annexes on customs procedures. Nearly thirty additional annexes (each covering a different area of customs procedures and operations) have since been created. To ensure worldwide harmonization, the convention is also open to non-members of the CCC which are state members of the United Nations or its specialized agencies. A country is only required to accept the convention itself and at least one of the annexes to become a contracting party. (When the U.S. became party to the Covnention, effective January, 1984, it accepted twenty of the annexes and entered certain reservations with respect to some of their provisions.) The annexes contain definitions, standards, and recommended practices; and countries can reserve against any standard or recommended practice in a particular annex. There is also a provision obligating countries to review their national legislation every three years to determine if reservations can be removed. See: Customs Cooperation Council.

 

International Council of Scientific Unions - The International Research Council (a predecessor organization to ICSU) was created in 1919 to coordinate international activity in the different branches of science and their applications. ICSU, founded in 1931, is a non-governmental organization with two categories of members: (a) national, multidisciplinary scientific academies or research councils which promote cooperation and research and (b) international organizations which promote cooperation in a single field of science (scientific unions). A small headquarters office is in Paris, France. The Council seeks to break the barriers of specialization through international interdisciplinary programs and research bodies.

 

International Court of Justice - The ICJ, established in 1945, is the principal judicial organ of the UN. The ICJ decides cases submitted to it by states and gives advisory opinions on legal questions submitted to it by the General Assembly or Security Council or by UN specialized agencies. The court is composed of 15 judges elected by the General Assembly and the Security Council from a list of persons nominated by the national groups in the Permanent Court of Arbitration. The seat of the Court is in The Hague, Netherlands.

 

International Data Base - The IDB, which is maintained by the Center for International Research, is an automated data bank containing statistical tables of demographic, economic, and social data for all countries of the world. Data categories include: population; vital statistics; health and nutrition; fertility, migration; foreign-born and refugee statistics; provinces and cities; marital status; family planning; ethnic, religious and language groups; literacy and education; labor force, employment, income and gross national product; and household size and housing indicators. IDB data users include the U.S. government, private firms, research institutions, and international organizations. See: Center for International Research.

 

International Depository Receipt - An IDR is a negotiable bank-issued certificate representing ownership of stock securities by an investor outside the country of origin. The securities backing the receipt remain in the custody of the issuing bank or a correspondent.

 

International Development Association - The IDA, a part of the World Bank Group, was created in 1959 (began operations in November 1990) to lend money to developing countries at no interest and for a long repayment period. IDA provides development assistance through soft loans to meet the needs of many developing countries that cannot afford development loans at ordinary rates of interest and in the time span of conventional loans. The Association's headquarters are in Washington, D.C. See: World Bank.

 

International Electrotechnical Commission - The International Electrotechnical Commission was established in 1906 to deal with questions related to international standardization in the electrical and electronic engineering fields. The members of the IEC are the national committees, one for each country, which are required to be as representative as possible of all electrical interests in the country concerned: manufacturers, users, governmental authorities, teaching, and professional bodies. They are composed of representatives of the various organizations which deal with questions of electrical standardization at the national level. Most of them are recognized and supported by their governments.

 

International Emergency Economic Powers Act - The International Emergency Economic Powers Act (IEEPA) was enacted in 1977 to extend emergency powers previously granted to the President by the Trading with the Enemy Act of 1917 (which still authorized the President to exercise extraordinary powers when the United States is at war). IEEPA enables the President, after declaring that a national emergency exists because of a threat from a source outside the United States, to investigate, regulate, compel or prohibit virtually any economic transaction involving property in which a foreign country or national has an interest.

 

International Energy Agency - The IEA was founded in 1974 as a forum for energy cooperation among 21 member nations. The IEA helped participating countries prepare to reduce the economic risks of oil supply disruptions and to reduce dependence on oil through coordinated and cooperative research efforts.

 

International Executive Service Corps - The IESC is a non-profit, Agency for International Development-funded organization which recruits retired U.S. executives and technical advisers to counsel businesses in developing nations on a volunteer basis. IESC's program includes short-term technical and managerial assistance and long-range trade and investment services. IESC was founded in 1964; headquarters is in Stamford, Connecticut.

International Exhibitions Bureau - The IEB governs the frequency of international exhibitions and oversees the guarantees and facilties which the host nation is required to offer. By agreement, member states may mount international exhibitions only after the events have been registered with IEB. Member states are also precluded from participating in exhibitions in non-member states in the absence of agreement by the Bureau. IEB, originally created in in 1928, was revised in 1972; headquarters are in Paris, France.

 

International Finance Corporation - The IFC was established in 1956 as a member of the World Bank Group. The IFC promotes private sector investment in developing countries. The IFC charges market rates and seeks profitable returns. See: Africa Enterprise Fund Africa Project Development Facility African Management Services Company Caribbean/Central America Business Advisory Service World Bank.

 

International Frequency Registration Board - The IFRB (French: Comite International d'Enregistrement des Frequences) is an organizational entity under the International Telecommunication Union (ITU). Located in Geneva, IFRB is composed of five full-time elected officials with a rotating chairmanship. IFRB maintains the International Frequency Register, monitors and analyzes all ITU records of frequency use around the world, and makes determinations as to whether or not certain systems are in compliance with the Radio Regulations.

 

International Fund For Agricultural Development - IFAD, created in 1976 (began operations in December 1977), provides financial support for programs which improve agricultural policies and increase food production among members. The Fund also seeks to improve nutrition in developing countries. IFAF membership includes over 140 nations; headquarters are in Rome, Italy.

 

The above details describes about terms called in shipping such as International Council of Scientific Unions,International Court of Justice, International Data Base,International Development Association,International Energy Agency,International Exhibitions Bureau,International Finance Corporation etc. These phrases may help importers and exporters on their day to day business activities. The readers can also add more information about terms used in shipping business below this post.Terms used in shipping such as International Atomic Energy Agency,International Atomic Energy List ,International Banking Act

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