Abbreviations - G

The information provided here is part of Export Import Training course online

The following are the list of abbreviations commonly used in business. These abbreviations include abbreviations used in Export, abbreviations in Import, list of antonyms in shipping trade, abbreviations used in freight forwarding business and commonly used terms in customs brokering. Popularly used abbreviations in banking, commonly using tax abbreviations and other list of generally used business terms are also included in this article. If you would like to add up more abbreviations to this article which is commonly used in your region, you may write at bottom of this article. Please make sure, you are adding only ‘commonly using abbreviations’ in business, as this category is meant for import and export.

 G 20      Global 20

G 77     Global 77 (Developing Countries)

G             Grain (cargo capacity)

G&G      Geological and geophysical expenditures

G. A.      General Average

G.C.M. Chief Counsel's Memorandum

G.R.T.    Gross Registered Tonnage

G/A        General Average, GeneralAuthorisation

G/A        con General Average contribution

G/A       General Average

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G10        Group of Ten. Established in October, 1962, the Group of Ten (G10) is set up on conclusion of the General Arrangements to Borrow (GAB) with the IMF. Its purpose is to coordinate credit policy. Member countries include Belgium, Canada, France, Germany, Italy, Japan, Netherlands, Sweden, Switzerland the United Kingdom and the United States. The title, "Group of Ten", remained unchanged even after Switzerland was admitted as the eleventh member. G10 = G7 + Belgium + Netherlands + Sweden + Switzerland.

G24        Group of Twenty-four. Established in January, 1972, the Group of Twenty-four (G24)'s purpose is to deal with international monetary questions and promote the interests of developing countries in Africa, Asia, and Latin America within the IMF. The group consists of eight representatives from each of the three continents of Africa, America and Asia. Members include Algeria, Argentina, Brazil, Colombia, Cote d'Ivoire, Democratic Republic of the Congo, Egypt, Ethiopia, Gabon, Ghana, Guatemala, India, Iran, Lebanon, Mexico, Nigeria, Pakistan, Peru, Philippines, Serbia and Montenegro, Sri Lanka, Syria, Trinidad and Tobago, and Venezuela.

G5          Group of Five. Established in September 22, 1985, the Group of Five (G5)'s purpose is to coordinate the economic policies of five major non-communist economic powers: France, Germany, Japan, the United Kingdom and the United States.

G7          Group of Seven. Established in 1976, the Group of Seven (G7)'s purpose is to facilitate economic cooperation among the seven major non-communist economic powers: Canada, France, Germany, Italy, Japan, the United Kingdom and the United States. G7 = G5 + Canada + Italy.




G8 Global 8 (G7 plus Russia)

GA CON               General Average Contribution

GA                            General Assembly

GA                          General Average

GAA--                   General asset accounts

GAAP –                                 Generally Accepted Accounting Principles (a framework used to carry out financial accounting within companies)

GAAS                    Generally Accepted Audit Standards

GAB                       General Arrangements to Borrow

GAC                       General Average Certificate

GACC                    General Administration of Customs (of China)

GA--                      General agent

Gall-                       Gallon

GAO                      General Accounting Office of the US

GAO--                   General Accountability Office

GAP--                    Gross amount paid

GAR-                    -Group annuity reserve table

GASB                     Governmental Accounting Standards Board

GASBEND            Good And Safe (Port) Both ENDs

GATS -                  General Agreement on Trade in Services

GATT -                  General Agreement on Tariffs and Trade

GAVI                     Global Coalition for Africa

GAW--                  Guaranteed annual wage

GB -                       Great Britain (England, Wales and Scotland)

GBP                       Pound sterling

GCA-                     Gold Close Agreement

GCBS                     General Council of British Shipping

GCC -                     Gulf Cooperation Council

GCCs                     - General-purpose Credit Cards

GCR                       General Cargo Rate

GCT--                    General corporation tax

GD/GD                 GDynia/GDansk

GDP -                    Gross Domestic Product

GDR –                   Global Depository Receipts

GDS--                    General depreciation system

GEAR                     A general term for ropes, blocks, tackle and other equipment

GEC                        Global Electronic Commerce

GEF                        Global Environment Facility.

GE--                       Grantee

GEM-                    -Growing equity mortgage

GENS                     GENeralS or general cargo

GEOROT               GEOgraphical ROTation

GFCE -                   Government Financial Consumption

GFCF                     Gross fixed capital formation

GFD -                     Gross Fiscal Deficit

GFE--                     Good faith estimate

GFS                        Government Finance Statistics

GFSR -                   Global Financial Stability Report

GHA                       Ground Handling Agents

GHW--                  Global high wealth

GHWI--                 Global High Wealth Industry (Group)

GIC                         General Insurance Corporation

GIC-                       -Guaranteed investment contract

GIM-                     -Gross income multiplier


GITCA--                                Gaming Industry Tip Compliance Agreement Program

GITIC                     Guangdong International Trust and Investment Corp.

GL                           General Ledger

GL                           Germanischer Lloyd

GLA--                    Generic legal advice memoranda

GLA--                    Gross leaseable area

GLESS                    GearLESS

GLS                        Generalized Least Squares

GMA-                    Gifts made after

GMDSS                                 -Global Maritime Distress & Safety System

GME -                   Graduate Marine Engineer

GMIB-                   -Guaranteed minimum income benefit

GMP                      -Guaranteed maximum price

GMQ                     Good Merchantable Quality

GMT                      Greenwich Mean Time

GMWB-                                -Guaranteed minimum withdrawal benefit

GN (or GR)          Grain (Capacity)

GNCN                   Gencon (GENERAL CONDITIONS)

GNIE                      Government Not Included

GNMA--               Government National Mortgage Association

GNP                       Gross national product

GNS                       German North Sea

GO                         Gas Oil

GoI -                      Government of India

GOI--                     Gross operating income

GOZA--                 Gulf Opportunity Zone Act of 2005

GP                          General Purpose shipping container

GP                          Gross Profit

GP                          Grain Capacity. Cubic capacity in 'grain'

GPA                       Government Procurement Agreement

GPD                       Gross Primary Deficit

GP-                        -General Partner

GPI-                       -Gross potential income

GPM-                    -Graduated payment mortgage

GPO--                   Guaranteed purchase option; Government Printing Office

GPP-                      -Gross profit percentage

GR                          Geographical Rotation. Ports in order of calling

GRA                       General Resources Account 

GRA--                    Gain recognition agreement

GRAT--                 Grantor retained annuity trust

GRC--                    Goverance, risk and compliance

GRD                       GeaRed

GRF -                     Guarantee Redemption Fund

GR-                        -Grantor

GRI                         General Rate Increase

GRIT--                   Grantor retained income trust

GRM--                  Gross rent multiplier

GRN                       Goods Receipt Note

GRS WT                                Gross Weight

GRT                        Gross Register Tonnage

GRT                        Gross Registered Tonnage




GRT--                    Gross receipts test

GRUT--                 Grantor retained unitrust

Grwt                      Gross weight

GSA--                    General Services Administration

GSB                        Good, Safe Berth

GSDP -                  Gross State Domestic Product

G-Sec                    Government Securities

gsm                        Good sound merchantable

GSP                        Generalized System of Preferences

GSP                        Good, Safe Port

GSR--                    General securities representative

GST -                     Goods and Services Tax

GST--                     Generation skipping transfer

GSTP---                                Global System of Trade Preference among Developing Countries

GSTT--                  Generation skipping transfer tax

GSV                       Gross Sales Value

GTC--                    Good till canceled order

GTCJ                      Global Trade and Customs Journal

GTEE                      Guarantee

GTIS                       Global Trade Information Services Inc.

GUIDEC -             General Usage for Internationally Digitally Ensured Commerce

GUNWALE            The upper edge of a ship's sides

GUV                      General Utility Van (rail)

GV                          Grand Vitesse (express train)

GWAC--                 Government Wide Acquisition Contract

GYIL                       German Yearbook of International Law

The above are the list of abbreviations commonly used in business. These abbreviations include abbreviations used in Export, abbreviations in Import, list of abbreviations in shipping trade, expansions used in freight forwarding business and commonly used terms in customs brokering. Popularly used abbreviations in banking, commonly using tax abbreviations and other list of generally used business terms are also included in this article. If you would like to add up more abbreviations commonly used in your region, you may write such enlargements below. Please make sure, you are adding only ‘commonly using abbreviations’ in business, as this category is dealt with international trade.


The above information is a part of Import Export Training course online

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