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

VAT (Value-Added Tax): A sales or consumption tax which the end user pays. Typically, this is a "hidden"; tax, added to the list price of the goods in question.

Valuation Charges: Transportation charges assessed shippers who declare a value of goods higher than value of carrier's' limits of liability.

Ves.: Vessel

Visa: An invoice properly validated by the Minister of Trade in regard to quota entries.

Volume Weight: Used when calculating air freight when the size of the carton is greater than the average weight, calculated by multiplying the length times the width times the height and dividing by 166.

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.