Related Entries of the International Encyclopedia:

1. Trade Finance Trade Finance in International Trade Meaning of Trade Finance, according to the Dictionary of International Trade (Global Negotiator): This is the way in which an exporter requires an importer to prepay for goods ship. The importer wants to reduce risks by asking the exporter to document that [...]...
2. Confirming Confirming in International Trade Meaning of Confirming, according to the Dictionary of International Trade (Global Negotiator): A financial service in which an independent company confirms an export order in the seller's country and makes payment for the goods in the currency of that [...]...
3. Export Contract Export Contract in International Trade Meaning of Export Contract, according to the Dictionary of International Trade (Global Negotiator): The export contract is used for the international sale of certain products (industrial supplies, raw materials, manufactured goods), which are projected [...]...
4. Import Contract Import Contract in International Trade Meaning of Import Contract, according to the Dictionary of International Trade (Global Negotiator): The import contract is suitable when a company is buying goods from abroad by way of import in the course of a business to business transaction. The [...]...
5. Documents Against Payment Documents Against Payment (D/P) in International Trade Meaning of Documents Against Payment (d/p), according to the Dictionary of International Trade (Global Negotiator): Collection terms of payment that require the drawee to pay a draft prior to receiving the accompanying documents. [...]...
6. Trading Company A firm engaged in the purchase, distribution, and marketing of products in international trade. Generally, the trading company deals with products of unrelated firms as well as the manufacturers of joint ventures in which it is involved.......
7. Payment Terms Payment Terms in International Trade Meaning of Payment Terms, according to the Dictionary of International Trade (Global Negotiator): That part of a contract that defines when, where, to whom and in what currency the underlying obligation is to be discharged. The exporter will consider the [...]...
8. Export Entry Modes Export Entry Modes in International Trade Meaning of Export Entry Modes, according to the Dictionary of International Trade (Global Negotiator): In establishing export channels a company has to decide which functions will be the responsibility of external agents and which will be handled by [...]...
9. CMR Transport Document CMR Transport Document in International Trade Meaning of Cmr Transport Document, according to the Dictionary of International Trade (Global Negotiator): This document, also know as CMR consignment note, constitutes a proof of the contract of carriage by road, determines the scope and [...]...
10. Transport Roll-on/Roll-off (RoRo) in International Trade Meaning of Roll-on/roll-off (roro), according to the Dictionary of International Trade (Global Negotiator): A combination of road and sea transport, where loaded road vehicles are driven on to a ferry or ship (roll-on/roll-off ship) and off at the [...]...
11. Free Trade Zone Spanish Translation of free trade zoneThis is the legal translation of English to Spanish in relation to free trade zone and / or a definition of this topic: Zona de Libre Comercio (in Spanish, without translation of the dictionary entry)....
12. Entrepot A warehouse or storage facility where foreign merchandise may be deposited and withdrawn for re-export without incurring customs duties.......
13. Freight Summary of Freight The earnings that a carrier derives from the carriage of merchandise. Freight should not be confused with cargo, which is the merchandise itself. Also, the term freight is used to represent payment made by a charterer to the vessel's owner for use of a ship under a [...]...
14. Carriage Paid (CPT) Carriage Paid to in International Trade Meaning of Cpt Carriage Paid to, according to the Dictionary of International Trade (Global Negotiator): In Incoterms CPT the delivery of goods occurs when the seller makes them available to the carrier that he has hired to perform international [...]...
15. Export Credit Insurance Export Credit Insurance in International Trade Meaning of Export Credit Insurance, according to the Dictionary of International Trade (Global Negotiator): Special insurance coverage for exporters to protect against non payment by the importer (coverage may extend to certain other risks, [...]...
16. Payment under Reserves Payment Under Reserves in International Trade Meaning of Payment Under Reserves, according to the Dictionary of International Trade (Global Negotiator): In a letter of credit payment made against a non-complaint or questionable presentation, against which the beneficiary agree to repay if [...]...
17. Confirming House A commercial institution engaged in nonrecourse financing of foreign trade. The confirming house may confirm a foreign buyer's order, acting as guarantor of payment to the seller; in some cases, the confirming house may actually take title to the goods as agent for the foreign purchaser, [...]...
18. Tir Carnet Tir Carnet in International Trade Meaning of Tir Carnet, according to the Dictionary of International Trade (Global Negotiator): A document issued pursuant to the TIR (Transport International Routier) permitting sealed road transport shipments to traverse European TIR-members countries without [...]...
19. Delivered at Place (DAP) Delivered at Place in International Trade Meaning of DAP (Delivered at Place), according to the Dictionary of International Trade (Global Negotiator): In Incoterms DAP the seller delivers the goods, without unloading, at the place of destination in the buyer's country. The transport [...]...
20. Cash in Advance Cash in Advance (CAI) in International Trade Meaning of Cash in Advance (CAI), according to the Dictionary of International Trade (Global Negotiator): Payment term in which the exporter receives payment before shipment of the goods. This minimizes the exporter's risk and financial costs, [...]...
21. Loading Summary of Loading A risk premium in addition to interest charges and acceptance fees deducted by a bank or discount house from the face value of a bill of exchange (read here for further details) presented for discounting. This additional margin will vary, depending upon the quality of the [...]...
22. Bank Draft Bank Draft in International Trade Meaning of Bank Draft, according to the Dictionary of International Trade (Global Negotiator): A payment order from a bank, similar to a cashier's cheque. A bank draft is considered cash and cannot be returned unpaid....
23. Documentary Credit Documentary Credit in International Trade Meaning of Documentary Credit, according to the Dictionary of International Trade (Global Negotiator): Documentary credit means the same thing than "letter of credit". Traders and bankers in some parts of the world (US, Asia) tend to use the [...]...
24. Ex Works Ex Works in International Trade Meaning of EXW (Ex Works), according to the Dictionary of International Trade (Global Negotiator): In Incoterms EXW the seller fulfils his obligation to deliver when he has made the goods available at his premises (i.e. works, factory, warehouse, et.) to the [...]...
25. CIM Transport Document CIM Transport Document in International Trade Meaning of Cim Transport Document, according to the Dictionary of International Trade (Global Negotiator): An internationally standardized freight document issued in rail transport. CIM stands for "Convention Internationale concernant le [...]...
26. Straight Straight B/L in International Trade Meaning of Straight B/l, according to the Dictionary of International Trade (Global Negotiator): A non-negotiable bill of lading which specifies the consignee to whom the goods are to be delivered. It is used when payment for the goods has been made in [...]...
27. Export Management Company A private company that serves as the export department of other firms, usually small- and medium-size manufacturers. An EMC will provide a variety of services for its clients, to include locating customers abroad, arranging transportation and financing for the merchandise, developing foreign [...]...
28. Cash Against Documents Cash Against Documents (CAD) in International Trade Meaning of Cash Against Documents (CAD), according to the Dictionary of International Trade (Global Negotiator): Payment terms used in bank collections that require the drawee to pay before receiving certain documents. Typically, the drawer [...]...
29. Bonded Warehouse Summary of Bonded Warehouse A warehouse storage area, or manufacturing facility in which imported merchandise may be stored or processed without payment of customs duties. Such premises are operated by a warehouse proprietor who holds a license from the U. S. Customs Service. Bonded [...]...
30. Export Subsidies Export Subsidies in International Trade Meaning of Export Subsidies, according to the Dictionary of International Trade (Global Negotiator): Government payments, economic inducements or their financially quantifiable benefits provided to domestic producers or exporters contingent on the export [...]...
31. Free Alongside A condition in a shipping contract whereby the shipper bears all costs of delivering the goods up to a ship's tackle. This definition is modified to accommodate local customs of the port. ......
32. Cash on Delivery Cash on Delivery (COD) in International Trade Meaning of Cash on Delivery (COD), according to the Dictionary of International Trade (Global Negotiator): A payment term under which payment for the shipped goods is to be made to the carrier at time of delivery. This practice is not recommended [...]...
33. Free Carrier (FCA) Free Carrier in International Trade Meaning of FCA (Free Carrier), according to the Dictionary of International Trade (Global Negotiator): In Incoterms FCA the seller fulfils his obligation to deliver when he has handed over the goods, cleared for export, into the charge of the carrier [...]...
34. Movement Certificate Eur 1 Movement Certificate in International Trade Note: there is more information about this term in the European legal Encyclopedia. Meaning of Eur 1 Movement Certificate, according to the Dictionary of International Trade (Global Negotiator): Goods transport certificate and proof of [...]...
35. Clean Transport Document Clean Transport Document in International Trade Meaning of Clean Transport Document, according to the Dictionary of International Trade (Global Negotiator): A receipt for goods without any adverse notation indicating damage or shortage, issued by a carrier. Goods covered by clean transport [...]...
36. Importer In the United States For information about Importer in the context of international trade, click here...
37. Consignee The person or firm to whom goods are shipped under a bill of lading (read this and related legal terms for further details) and so named in the bill.......
38. Documents Against Acceptance Bill Of Exchange, Direct Collection.......
39. Bank Guarantee Bank Guarantee in International Trade Meaning of Bank Guarantee, according to the Dictionary of International Trade (Global Negotiator): A contract between a bank (as guarantor) and a beneficiary, in which a bank commits itself to pay a certain amount of money under certain specified [...]...
40. Contract Manufacturing Contract Manufacturing in International Trade Meaning of Contract Manufacturing, according to the Dictionary of International Trade (Global Negotiator): Contract manufacturing in international markets is used in situations when one company arranges for another company in a different country to [...]...
41. Dangerous Goods Dangerous Goods in International Trade Meaning of Dangerous Goods, according to the Dictionary of International Trade (Global Negotiator): Articles or substances which are capable of posing a significant risk to health, safety, o property when transported by air and which are classified [...]...
42. Trade Facilitation Trade Facilitation in International Trade Meaning of Trade Facilitation, according to the Dictionary of International Trade (Global Negotiator): Removing obstacles to the movement of goods across borders (e.g. simplification of customs procedures). The International Law of Customs: Trade [...]...
43. Compensation Deal A semibarter arrangement in which goods are purchased partially in cash and partially with other goods.......
44. Dry Port Dry Port in International Trade Meaning of Dry Port, according to the Dictionary of International Trade (Global Negotiator): A dry port is a port situated near sea. If the importer or exporter is far away from a sea port, it will be an inconvenience to co-ordinate and handle the goods [...]...
45. Open-end Contract Open-end Contract in International Trade Meaning of Open-end Contract, according to the Dictionary of International Trade (Global Negotiator): A contract by which the buyer may purchase the seller's goods at any time within a specified period without changes in the price or other contract terms....
46. Restitution Restitution in International Trade Meaning of Restitution, according to the Dictionary of International Trade (Global Negotiator): In law, remedy for a breach of contract by which the parties are restored to their original positions before the contract was made or the breach occurred. Damages [...]...
47. Consignment Contract Consignment Contract in International Trade Meaning of Consignment Contract, according to the Dictionary of International Trade (Global Negotiator): A contract by which a seller (consignor) delivers goods to an individual or entity (consignee) that will sell them. For goods sold, the consignee [...]...
48. Cost and Freight (CFR) Cost and Freight in International Trade Meaning of Cost and Freight, according to the Dictionary of International Trade (Global Negotiator): In Incoterms CFR the seller must pay the costs and freight necessary to bring the goods to named port of destination but the risk of loss and [...]...
49. Export Manager Export Manager in International Trade Meaning of Export Manager, according to the Dictionary of International Trade (Global Negotiator): An export manager serves as intermediary between foreign buyers and domestic sellers. Unlike trading companies who buy the products before selling directly [...]...
50. Open Account Open Account in International Trade Meaning of Open Account, according to the Dictionary of International Trade (Global Negotiator): A payment term under which the buyer promises to pay the seller within a predetermined number of days, and the seller does not restrict the availability of [...]...
51. Piggyback Distribution Piggyback Distribution in International Trade Meaning of Piggyback Distribution, according to the Dictionary of International Trade (Global Negotiator): Piggyback is a form of distribution in foreign markets in which a SME company (the "rider"), deals with a larger company (the [...]...
52. Bearer Bearer in International Trade Meaning of Bearer, according to the Dictionary of International Trade (Global Negotiator): A person who possesses a bearer document and who is entitled to payment of funds or transfer of title to property on presentation of the document to the payee or transferor. [...]...
53. Confirming Bank Confirming Bank in International Trade Meaning of Confirming Bank, according to the Dictionary of International Trade (Global Negotiator): In a letter of credit transaction, the bank that assumes responsibility to the seller (usually the exporter) for payment from the issuing bank (buyer's [...]...
54. Export Value Summary of Export Value The price at which a foreign manufacturer customarily freely offers for sale a given product for export to the United States in the usual wholesale quantities, less export discounts, packing, and costs of preparing the goods for export. The use of this value [...]...
55. Discrepancies Discrepancies in International Trade Meaning of Discrepancies, according to the Dictionary of International Trade (Global Negotiator): In the context of letters of credit, discrepancies arises when documents presented under a letter of credit do not conform to the terms of the credit; [...]...
56. Surveyor Surveyor in International Trade Meaning of Surveyor, according to the Dictionary of International Trade (Global Negotiator): An individual or company that acting as an independent third-party expert examines and ascertains the condition of goods or transport equipment (specially ships). [...]...
57. Export Clearance In the United States For information about Export clearance in the context of international trade, click here...
58. Dangerous Goods Declaration Dangerous Goods Declaration in International Trade Meaning of Dangerous Goods Declaration, according to the Dictionary of International Trade (Global Negotiator): Shippers of dangerous goods are required to declare them to carriers per the International Air Transport Association (IATA) and the [...]...
59. Distributor Distributor in International Trade Meaning of Distributor, according to the Dictionary of International Trade (Global Negotiator): An independent person or legal entity that sell goods locally on behalf of a principal. Distributors can be distinguished from agents as distributors buy the goods [...]...
60. Pre-shipment Inspection Pre-shipment Inspection (PSI) in International Trade Meaning of Pre-shipment Inspection (PSI), according to the Dictionary of International Trade (Global Negotiator): An inspection of contract goods prior to shipment so as to ascertain their quality, quantity or price. Importers may insist on [...]...
61. Combined Transport Document A bill of lading issued by a combined transport operator (read this and related legal terms for further details) covering shipment of goods by more than one mode of transport. The document specifies the point at which th......
62. In-bond The condition of goods that have been temporarily exempted from customs clearance and duties, in lieu of which the importer or custodian of the goods has posted a surety with customs authorities to ensure that the goods will not be released or consumed until formal examination and clearance [...]...
63. Customs Clearance In the United States For information about Customs clearance in the context of international trade, click here...
64. Combined Transport Combined Transport in International Trade Meaning of Combined Transport, according to the Dictionary of International Trade (Global Negotiator): Consignment sent by means of various modes of transport, such as by rail and by ocean....
65. Title Transfer Title Transfer in International Trade Meaning of Title Transfer, according to the Dictionary of International Trade (Global Negotiator): The act of point in place or time at which ownership of a thing is passed from one person to another. In international trade, this is usually specified in [...]...
66. Multimodal Transport The movement of goods by more than one mode, or type, of transport, for example, a movement by truck to a pier, then by ship to a foreign port, and finally by rail to the customer.......
67. CIP Carriage and Insurance Paid To CIP Carriage and Insurance Paid to in International Trade Meaning of Cip Carriage and Insurance Paid to, according to the Dictionary of International Trade (Global Negotiator): In Incoterms CIP, the seller has the same obligations as under CPT (Carriage Paid to) terms, but with the addition [...]...
68. Commercial Invoice Commercial Invoice in International Trade Meaning of Commercial Invoice, according to the Dictionary of International Trade (Global Negotiator): The document recording a transaction between the seller and the buyer. Commercial invoices are normally prepared by sellers, and should include the [...]...
69. Customs Area Customs Area in International Trade Meaning of Customs Area, according to the Dictionary of International Trade (Global Negotiator): A geographic area, usually identical to one or several contiguous national political jurisdictions, applying a particular tariff schedule on goods entering or [...]...
70. Negotiating Bank Negotiating Bank in International Trade Meaning of Negotiating Bank, according to the Dictionary of International Trade (Global Negotiator): In a letter of credit transaction, the bank that: receives and examines the seller's documents for adherence to the terms and conditions of the [...]...
71. Shipper Shipper in International Trade Meaning of Shipper, according to the Dictionary of International Trade (Global Negotiator): As the party who contracts for carriage, the party who enters in a contract of carriage with a carrier and pays the carrier is in a position to give the carrier handling [...]...
72. Availability Definition of Availability in International Trade The following is a concept of Availability in the context of international trade law, from the Dictionary of International Trade (Global Negotiator): In letters of credit, refers to the availability of documents in exchange for payment of the [...]...
73. Customs Bonded Warehouse Customs Bonded Warehouse in International Trade Meaning of Customs Bonded Warehouse, according to the Dictionary of International Trade (Global Negotiator): A government warehouse where goods remain until duty has been collected from the importer....
74. Retention of Title Clause Retention of Title Clause in International Trade Meaning of Retention of Title Clause, according to the Dictionary of International Trade (Global Negotiator): A contract clause commonly used in international sale contracts whereby a seller declares his intention to retain title of ownership [...]...
75. Cartage The transfer of merchandise locally, e.g., from a pier to a nearby warehouse; also, the charge for cartage services.......
76. Delivery Order Written instructions issued by the owner of goods or his authorized agent to the holder of such goods directing that the merchandise be released or shipped to a specified party.......
77. Vostro Account Funds denominated in local currency that a foreign bank holds in a local bank. ......
78. Export Trading Company Export Trading Company and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Export Trading Company: (Also known as an export management company.) A private firm that provides related-related services to other [...]...
79. Multimodal Transport Document Multimodal Transport Document in International Trade Meaning of Multimodal Transport Document, according to the Dictionary of International Trade (Global Negotiator): A document issued or signed by a carrier indicating carriage by more than one means of transportation. For example, a [...]...
80. Export In the United States For information about Export in the context of international trade, click here Export in International Trade Meaning of Export, according to the Dictionary of International Trade (Global Negotiator): To ship an item away from a country for sale to another country. [...]...
81. Foreign Exchange Foreign Exchange in International Trade Meaning of Foreign Exchange, according to the Dictionary of International Trade (Global Negotiator): Current or liquid claims payable in foreign currency and in a foreign country (bank balances, checks, bills of exchange). Not to be confused with foreign [...]...
82. Original Equipment Manufacturing Original Equipment Manufacturing in International Trade Meaning of OEM (Original Equipment Manufacturing), according to the Dictionary of International Trade (Global Negotiator): Type of contract whose purpose is to offer a guarantee to foreign companies subcontracting their manufacturing in [...]...
83. Sea Waybill Sea Waybill in International Trade Meaning of Sea Waybill, according to the Dictionary of International Trade (Global Negotiator): A transport document for maritime shipment which serves as evidence of the contract of carriage and as a receipt for the goods, but is not a document of title. The [...]...
84. Clearance The completion of customs formalities including, but not limited to, the physical examination of imported merchandise, and the submission of documents necessary to permit the release of merchandise from customs control to the importer.......
85. Facilitation Payment Facilitation Payment in International Trade Meaning of Facilitation Payment, according to the Dictionary of International Trade (Global Negotiator): A payment or consideration given to a government official or employee in order to get them to do what they should have done anyway. Unlike a [...]...
86. Fiata Fiata in International Trade Meaning of Fiata, according to the Dictionary of International Trade (Global Negotiator): The International Federation of Freight Forwarders Association is a non-governmental organization founded in 1926 representing the freight forwarding industry worldwide. FIATA [...]...
87. Fob Free on Board Fob Free on Board in International Trade Meaning of Fob Free on Board, according to the Dictionary of International Trade (Global Negotiator): FOB is the oldest Incoterms and together with CIF the most widely used with sea transport. The seller delivers the goods by placing them on board the [...]...
88. Intermodal Transport Intermodal Transport in International Trade Meaning of Intermodal Transport, according to the Dictionary of International Trade (Global Negotiator): The coordinated transport of freight, especially in connection with relatively long-haul movements using any combination of freight forwarders, [...]...
89. Surety Bond Surety Bond in International Trade Meaning of Surety Bond, according to the Dictionary of International Trade (Global Negotiator): A surety bond is a guaranty, usually issued by an insurance or surety company, that a particular party will perform according to a contract. In order to collect [...]...
90. Transfer of Ownership Transfer of Ownership in International Trade Meaning of Transfer of Ownership, according to the Dictionary of International Trade (Global Negotiator): The act of point in place or time at which ownership of a thing is passed from one person to another. In international trade, this usually [...]...
91. Shipment Received For Shipment B/L in International Trade Meaning of Received For Shipment B/L, according to the Dictionary of International Trade (Global Negotiator): A bill of lading which confirms the receipt of goods by the carrier, but not their actual loading on board. This document can be [...]...
92. Brokerage Agreement Brokerage Agreement in International Trade Meaning of Brokerage Agreement, according to the Dictionary of International Trade (Global Negotiator): A type or contract, whereby a person or company acts as a sales agent on behalf of the exporting company (principal), introducing its products to [...]...
93. Haulage Haulage in International Trade Meaning of Haulage, according to the Dictionary of International Trade (Global Negotiator): The local transport goods. Also the charges made for hauling freight on carts, drays or trucks. Also called cartage or drayage....
94. Invisible Barriers to Trade Invisible Barriers to Trade in International Trade Meaning of Invisible Barriers to Trade, according to the Dictionary of International Trade (Global Negotiator): Government regulations that do not directly restrict trade, but indirectly impede free trade by imposing excessive or obscure [...]...
95. Trade Promotion Organizations Trade Promotion Organizations in International Trade Meaning of Trade Promotion Organizations, according to the Dictionary of International Trade (Global Negotiator): There are various governmental and non- governmental organizations that play a role in the promotion of international trade. [...]...
96. Intermodal Transport Unit Intermodal Transport Unit in International Trade Meaning of ITU (Intermodal Transport Unit), according to the Dictionary of International Trade (Global Negotiator): Container or pallet suitable for multimodal transport....
97. Port of Entry A point designated by a nation's customs authority through which goods may be entered for examination and clearance; ports of entry may be actual ocean ports, land border points, or interior locations to which goods are carried in bond.......
98. Born Global Born Global in International Trade Meaning of Born Global, according to the Dictionary of International Trade (Global Negotiator): Born global is a type of company that from the beginning of its activities pursues a vision of becoming global and globalizes rapidly without any preceding long [...]...
99. Deck Cargo Deck Cargo in International Trade Meaning of Deck Cargo, according to the Dictionary of International Trade (Global Negotiator): Goods shipped on the deck of a ship rather than in its holds. Since deck cargo is more exposed to the elements, traders may wish to stipulate that goods not be [...]...
100. Payment in Advance Payment in Advance in International Trade Meaning of Payment in Advance, according to the Dictionary of International Trade (Global Negotiator): A payment term whereby the buyer remits the amount of money at the time the order is placed. Under this term the buyer is actually extending credit [...]...
101. Presenting Bank Presenting Bank in International Trade Meaning of Presenting Bank, according to the Dictionary of International Trade (Global Negotiator): In bank collections, the collecting bank that deals directly with the drawee; usually is the drawee's bank of the account....
102. Swift Swift in International Trade Meaning of Swift, according to the Dictionary of International Trade (Global Negotiator): Payment made through international electronic funds transfer via the system known as SWIFT (Society for Worldwide inter-bank Financial Telecommunications) offered by most [...]...
103. Correspondent Bank Summary of Correspondent Bank A bank that acts as the representative of another bank in a given transaction. As a rule, correspondents have sums on deposit with each other for the purpose of settling the transactions of the other bank.(Main Author: William J. Miller) [...]...
104. Import Substitution Summary of Import Substitution The act of eliminating imports of a given product by commencing production locally, often accompanied by controls such as increased duties, quotas, or outright bans to discourage or prevent continued foreign imports. This approach is fairly common on the part [...]...
105. Delivered at Terminal (DAT) Delivered at Terminal in International Trade Meaning of DAT (Delivered at Terminal), according to the Dictionary of International Trade (Global Negotiator): In Incoterms DAT the seller delivers the goods unloaded at a port terminal or another place of destination in the buyer's [...]...
106. In Trust In Trust (Documents) in International Trade Meaning of In Trust (documents), according to the Dictionary of International Trade (Global Negotiator): In documentary collections, when a bank releases documents to the importer/buyer to allow him to inspect them prior to payment....
107. Sad Sad in International Trade Meaning of Sad, according to the Dictionary of International Trade (Global Negotiator): The Single Administration Document is a customs declaration document used by all countries within the European Union (EU). It is required for all exports of goods outside the [...]...
108. Kotra Kotra in International Trade Meaning of Kotra, according to the Dictionary of International Trade (Global Negotiator): The Korean Trade and Investment Agency, and official agency depending on the Korean Government that administers the export, import and invest programmes of Korea. Website....
109. Keiretsu A loose coalition of Japanese businesses, usually with equity holdings in one another. The group of companies may span several industries, and strict parent-subsidiary relationships are not usually evident. Mitsubishi, Mitsui, and Yasuda are representative of Japanese keiretsu. The keiretsu [...]...
110. Key Currency The currency of a major trading nation widely accepted in settlement of international accounts. At present, eight currencies are regarded as key currencies and are known as the Big Eight ("https://lawin.org/list-of-international-trade-law-terms/">read this and related legal [...]...
111. Knot The unit for measuring a vessel's speed, equaling one nautical mile per hour.......
112. Know-how Technical expertise that a firm has acquired through its operations and to which it has proprietary rights, whether the knowledge is patented or not. This expertise may consist of blueprints, plans, and manuals, as well as technical assistance.......
113. Konzern A group of companies bound together through ownership or control by a common parent company. The term is of German origin but is applied to corporate families in Scandinavia and elsewhere.......
114. Key Performance Indicators Key Performance Indicators (KPIS) in International Trade Meaning of Key Performance Indicators (kpis), according to the Dictionary of International Trade (Global Negotiator): A set of financial and non-financial values used to measure the success of an organization or a particular activity, [...]...
115. Kiss Kiss in International Trade Meaning of Kiss, according to the Dictionary of International Trade (Global Negotiator): An acronym for keep it simple and straight. A project management tool used to set project objectives and evaluate if those objectives fit the project. The KISS principle states [...]...
116. Know Loss Know Loss in International Trade Meaning of Know Loss, according to the Dictionary of International Trade (Global Negotiator): Loss or damage that was discovered before delivery....
117. Kosher Certificate Kosher Certificate in International Trade Meaning of Kosher Certificate, according to the Dictionary of International Trade (Global Negotiator): The Kosher certificate is a document issued by certification agencies and the Chief Rabbinate of Israel, in which a Rabbi certifies that the products [...]...
118. Korea Korea and the World Trade Organization Korea in relation to the World Trade Organization (WTO) covers several issues. The Koreas and Foreign Policy Introduction At the end of World War II, Korea was divided in two. The northern half of the Korean peninsula was occupied by the Soviet Union, the [...]...
119. Kosovo Kosovo in 2011 United States views on international law (based on the document "Digest of U.S. Practice in International Law"): The Security Council continued to meet in 2011 to consider reports on the United Nations Administration in Kosovo ("UNMIK") and hear briefings by [...]...
120. Kosovo Commission Embracing mainstream international law, this section on kosovo commission explores the context, history and effect of the area of the law covered here. Resources Further Reading The entry "kosovo commission" in the Parry and Grant Encyclopaedic Dictionary of International Law [...]...