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Glossary of Terms

 

Learn more about the lingo which sometimes leave you baffled. You can search for the explaination of various terms and Acronyms used in Foreign trade.
Please Click on the Alphabets given under to pull out from the Web the meanings of the terms

R. & C.: Rail and Canal

R/C: Reconsigned

r. & c.c.: Riots and civil commotions

r.c.c. & s.: Riots, civil commotions and strikes

Rebate: A deduction taken from a set payment or charge. As a rebate is given after payment of the full amount has been made, it differs from a discount which is deducted in advance of the payment. In foreign trade, a full or partial rebate may be given on import duties paid on goods which are later re-exported.

Reciprocity: A practice by which governments extend similar concessions to one another.

Red Clause Letter of Credit: A letter of credit that allows the exporter to receive a percentage of the face value of the letter of credit in advance of shipment. This enables the exporter to purchase inventory and pay other costs associated with producing and preparing the export order.

REFG.: Refrigerating; Refrigeration

Regs.: Registered Tonnage

Retaliation: Action taken by a country to restrain its imports from another country that has increased a tariff or imposed other measures that adversely affects the firsts country's exports.

RORO (ROLL ON-ROLL OFF): Direct drive on/drive off wheeled vehicles on specially-designed ocean-going vessels.

Route: an established air passage, from point of departure to terminating station.

Royalty: a charge on charter flights levied by some governments before traffic rights are granted. Sometimes called a "no objection fee." Usually a fixed proportion of a total charter value.

Disclaimer

We publish the Industry terminology and acronyms as a courtesy to the international commerce community. While we have performed exhausting research in order to supply the most accurate and best available information we do not accept any responsibility for the usage of the terms as described in this website.

We have so many acronyms that they have been stored on seperate pages for speed in loading, please click on the alpha letter below to go to the page of the accronym you are looking for.

 
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