Terms used in shipping such as International Trade Commission,International Telecommunications Services,International waterways etc.
This post explains about terms used in shipping such as International Trade Commission,International Telecommunications Services,International waterways,Investment Climate Statements,Invisibles 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 Swaps and Derivatives Association - ISDA promotes orderly practices in the swap market, conducts research on the volume and quality of transactions, and public understanding. The Association, established in 1985, is a not-for-profit corporation, with headquarters in New York City; members include over 140 institutions worldwide representing dealers in swaps, corporations, software firms, and law firms. ISDA, formerly known as the International Swap Dealers Association, changed its name in August 1993. See: Derivatives.
International Telecommunication Union - The ITU (French: Union Internationale des Telecommunications, UIT) is a specialized agency of the United Nations with responsibilities for developing operational procedures and technical standards for the use of the radio frequency spectrum, the satellite orbit, and for the international public telephone and telegraph network. ITU develops telecommunications standards in the form of recommendations covering all technical aspects of systems and equipment including interfaces, methods of operation and principles governing the fixing of tariffs and rates to be charged. There are over 160 member nations of the ITU. The Radio Regulations that results from ITU conferences have treaty status and provide the principal guidelines for world telecommunications. In the case of the U.S., they are the framework for development of the U.S. national frequency allocations and regulations. The ITU has four permanent organs: the General Secretariat, the International Frequency Registration Board (IFRB), the International Radio Consultative Committee (CCIR), and the International Telegraph and Telephone Consultative Committee (CCITT). The Union is located in Geneva, Switzerland. The Department of State is the U.S. member. See: International Frequency Registration Board International Radio Consultative Committee International Telegraph and Telephone Consultative Committee.
International Telecommunications Satellite Organization - INTELSAT, created in 1964 under a multilateral agreement, is a nonprofit cooperative of about 120 countries that jointly own and operate a global communications satellite system serving the world. The system is used primarily for international communications, and by many countries for domestic communications. In 1991, the INTELSAT system comprised a network of 16 satellites in geosynchronous orbit over the Atlantic, Indian, and Pacific Ocean regions, with service to about 1,500 international and domestic earth station antennas. COMSAT is the United Statess representative to and participant in Intelsat.
International Telecommunications Services - These are transborder services provided via cable, radio, or satellite. These service offerings have traditionally been international message telephone service (IMTS), telex, and telegraph, but during the 1980's have grown to include private leased lines, overseas value-added services, and international 800 services.
International Telegraphy and Telephone Consultative Committee - CCITT (French: Comite Consultatif International Telegraphique et Telephonique) studies and issues recommendations on standards and specifications on techincal, operating, and tariff questions connected with telephony, data transmission, and telegraphy. CCITT, a subsidiary organization of the International Telecommunications Union, is located in Geneva, Switzerland. The Department of State is the U.S. member. See: International Telecommunication Union.
INTERNATIONAL TONNAGE CERTIFICATE:A certificate issued to a shipowner by a government department in the case of a ship whose gross and net tonnages have been determined in accordance with the International Convention of Tonnage Measurement of Ships. The certificate states the gross and net tonnages together with details of the spaces attributed to each.
International Trade Commission - An independent U.S. Government agency concerned with imports, import duties, and the effect of imports on U.S. industry. The Commission has six commissioners who review and make recommendations concerning countervailing duty and antidumping petitions submitted by U.S. industries seeking relief from imports that benefit unfair trade practices. Known as the U.S. Tariff Commission before its mandate was broadened by the Trade Act of 1974.
International Trade Development Centers - ITDCs provide programs and services to farmers and agribusinesses to enhance exports of agricultural and forestry commodities and related products. Activities include developing and promoting programs unique to a region's products, conducting research, providing market information, and offering conferences and seminars for exports. Grants for the ITDCs are administered by the Agriculture Department's Cooperative State Research Service.
International Traffic in Arms Regulations - The International Traffic in Arms Regulations, ITAR, are administered by the State Department to control the export of U.S. defense articles and services. The provisions implemented in the ITAR are governed by the Arms Export Control Act. Direct commercial sales of U.S.-origin defense products, components, technologies, and services are controlled under the ITAR by the State's Office of Defense Trade Controls. See: Defense Trade Regulations.
International Value-Added Network Services - IVANS include advanced telecommunications services, such as voice mail and electronic banking. IVANS agreements play a growing role in maintaining the competitiveness of American firms and provide benefits for consumers worldwide.
INTERNATIONAL WATERWAYS:Consist of international straits, inland and interocean canals and rivers where they separate the territories of two or more nations. Provided no treaty is enforced both merchant ships and warships have the right of free and unrestricted navigation through these waterways.
INTRACOASTAL:Domestic shipping routes along a single coast.
In-Transit Entry (I.T.):Allows foreign merchandise arriving at one port to be transported in bond to another port, where a superseding entry is filed.
Investment Climate Statements - Investment climate statements, ICSs, are prepared occasionally by the commercial sections of the U.S. embassies for the U.S. and Foreign Commercial Service, covering 67 individual countries. The ICSs provide statistics and analysis of policies and issues effecting the climate for direct investment in the individual country.
Investment Promotion Services - See: United Nations Industrial Development Organization.
Investment Sector Loan Program - The ISLP, administered by the Inter-American Development Bank (IDB) as part of the Enterprise for the Americas initiative, supports investment sector reforms in Latin America and the Caribbean. The IDB evalutes the need for reform in individual countries and, with input from several U.S. government agencies, negotiates the terms for investment sector loans. See: Enterprise for the Americas Initiative.
Invisibles - This refers to areas of non-merchandise "invisible trade" that include expenses such as freight and insurance and most types of services and investment.
Invoice, Final:Statement of charges issued after the preliminary invoice, i.e., when the goods have arrived at destination, a true weight quantity/value is determined and agreed upon.
Invoice:An itemized list of goods shipped to a buyer, stating quantities, prices, shipping charges, etc.
Invoice:Documentation supplying Customs with the type of goods, quantity, price of each type and terms of sale. The type of invoice required is determined by the shipment’s value.
Inward Foreign Manifest (IFM):A complete listing of all cargo entering the country of discharge. Required at all world ports and is the primary source of cargo control, against which duty is assessed by the receiving country.
IOGA - Industry-Organized, Government-Approved Mission
IOM - International Organization for Migration
IPA - Investment Promotion Services
IPAC - Industry Policy Advisory Committee
IPI:Abbreviation for "Inland Point Intermodal." Refers to inland points (non-ports) that can be served by carriers on a through bill of lading.
IPR - Intellectual Property Rights
IPR (Inward Processing Relief):Goods being imported temporarily for a process ukimports.org
The above details describes about terms called in shipping such as International Trade Commission,International Telecommunications Services,International waterways,Investment Climate Statements,Invisibles 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 Labor Organization,International Investment,International Munitions List
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