Terms used in international trade business such as Electronic data exchange,Electronic Export Information, Equipment Schedule,Equity Participant etc.
This post explains about terms used in international trade business such as European Free Trade Association,Electronic data exchange,Electronic Export Information, EMBARGO,Engagement,Equipment Schedule,Equity Participant,Entry 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 international trade business
EFTA: European Free Trade Association. Members are Iceland, Norway, Liechtenstein and Switzerland.
EFTA: European Free Trade Association. When founded via the Stockholm Convention in May 1960, there were 7 members. Since its foundation the composition changed as new members joined and others acceded to the EU. Currently, there are four members: Iceland, Norway, Switzerland, and Liechtenstein.
EFTA:European Free Trade Area
EFTPOS:Electronic Funds Transfer at Point of Sale
EHA:Equipment Handover Agreement
EHC:Export Health Certificate
EIB:European Investment Bank
EIC - See Export Identification Code.
EIC:EuroInfo Centre
EIMT:Express International Money Transfer
EIN - See Exporter's Identification Number (often known as Employer’s Identification Number)
EIN Type - When export data is submitted electronically via AES, this field of data identifies the nature or type of the identification number being submitted.
EIR:Equipment Interchange Receipt
Electronic data exchange - (EDI) Computer-to-computer transmission of business messages (such as purchase orders, invoices, booking instructions, etc.) according to an agreed standard (such as EDIFACT).
Electronic Export Information (EEI):Electronic Export Information is the electronic export data as filed by the exporter (or U.S. Principle Party of Interest) in the Automated Export System (AES). This data is the electronic equivalent of the export data formerly collected as Shipper’s Export Declaration (SED) information. This information is now mandated to be filed into the Automated Export System or AESDirect. See video for more details: http://export.gov/logistics/aes/.
Elevated temperature material - Material which, when offered for transportation or transported in a bulk packaging: (1) Is in a liquid phase and at a temperature at or above 100 °C (212 °F); (2) Is in a liquid phase with a flash point at or above 38 °C (100 °F) that is intentionally heated and offered for transportation or transported at or above its flash point; or (3) Is in a solid phase and at a temperature at or above 240 °C (464 °F).
EMA:European Monetary Agreement
embargo :a government order preventing trade with another country
embargo :to stop trade with another country by means of a government order
EMBARGO:A restriction or prohibition upon exports or imports, for specific products or specific countries. Embargoes may be ordered by governments due to warfare or are intended for political, economic or sanitary purposes.
EMC - See Export management company.
Emergency Response Guidebook (ERG) - The industry standard for emergency response information. Developed jointly by the US Department of Transportation, Transport Canada and the Secretariat of Transportation and Communications of Mexico, the ERG provides critical health and safety information to emergency responders, shippers and transporters of dangerous goods / hazardous materials. A shipper of dangerous goods that require shipping papers is required to provide emergency response information with each shipment. UnzHazmat® Software includes an integrated electronic version of the 2008 ERG (the most current version).
EMS:Express Money Service
Encl.:Enclosures
Endorsement: Signing on the back of a document so as to assign a right or benefit to another party. Endorsement by the seller may be necessary for transport documents, insurance documents, bills of exchange or many other documents.
Engagement: The assumption of payment responsibility in respect of a letter of credit, e.g. when an Advising bank agrees to add its confirmation to a credit.
Enhanced Proliferation Control Initiative (EPCI) - In December 1990, the United States announced a series of measures -- collectively referred to as the Enhanced Proliferation Control Initiative (EPCI) -- to reduce certain proliferation risks. Under the initiative, the U.S. requires licenses for exports of: (a) precursor chemicals that can be used in making chemical weapons and whole chemical plants to make such precursors; (b) potential chemical and biological weapon-related industrial facilities, related designs, technologies, and equipment; and (c) any items to destinations that raise proliferation concerns when the exporter knows, or is informed by the Commerce Department, of such concerns. The initiative also calls for: (d) penalties on U.S. firms and individuals that promote the spread of chemical weapons and missile technology; (e) control lists of (i) dual-use equipment and technologies related to chemical and biological weapons and missiles, and (ii) countries to which exports of such items should be controlled; and (f) multilateral adoption of the initiative's measures.
Entry - Document or set of documents required to be filed with U.S. Customs to secure the release of imported merchandise. The entry is the appropriate Customs document accompanying required supporting documentation. The final disposition of the imported cargo will determine the type of entry to be filed.
ENTRY PAPERS:Documents which must be filed with U.S. Customs officials describing goods imported, such as the commercial invoice, Ocean Bill of Lading or Carrier Release.
Eohp:Except as otherwise herein provided
EOP:End of Passage
EPCI - See Enhanced Proliferation Control Initiative.
EPS:Entry Processing Station
EPU:European Payments Union
Equipment Schedule: A document that describes in detail the equipment being leased or purchased. For a lease, it may also state the lease term, commencement date, repayment schedule and location of the equipment.
Equity Participant: The owner participant, trustor owner, or grantor owner.
ERG- See Emergency Response Guidebook.
ERLOAD:Expected Ready To Load
ESCAP:Economic and Social Commission for Asia & the Pacific
ESCEuropean Shippers Council
ESCS:European Coal and Steel Community
ESL:EC Sales Listing
Est. - Estimated.
EST:Eastern Standard Time (USA)
ETA - Estimated time of arrival.
The above details describes about terms called in international trade business such as European Free Trade Association,Electronic data exchange,Electronic Export Information, EMBARGO,Engagement,Equipment Schedule,Equity Participant,Entry etc. These phrases may help importers and exporters on their day to day export import business activities. The readers can also add more information about terms used in international business trade below this post.Terms used in international trade business such as Euro,european economic community,exchange rate,Ex factory ,EX SHIP
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