Related Entries of the International Encyclopedia:

1. Compensatory Tax A special import levy imposed by the European Economic Community upon certain agricultural imports when the entry price of such products falls below a reference, or minimum target, price and the import is priced so as to reflect an export subsidy. Compensatory taxes are institutionalized in the [...]...
2. Supplementary Levy An additional tax that may be imposed upon imports of pork, poultry, or eggs into the European Economic Community when the purchase price of such items falls below the Gate Price ("https://lawin.org/list-of-international-trade-law-terms/">read this and related legal terms for [...]...
3. Restitutions Export and producer subsidies granted by the European Economic Community to EEC farmers and processors. The subsidies are a feature of the Common Agricultural Policy (read this and related legal terms for further details......
4. Intervention Summary of Intervention A process within the framework of the Common Agricultural Policy (read this and related legal terms for further details) of the European Economic Community whereby the EEC will purchase certain commodities currently selling below a stipulated target price. The price [...]...
5. Offer Summary of Offer In vessel charter transactions, synonymous with Firm Offer (read this and related legal terms for further details).(Main Author: William J. Miller) Best and Final Offer (BFO) in International Trade Meaning of Best and Final Offer (bfo), according to the [...]...
6. Variable Import Levy A duty applicable to imports of certain significant agricultural commodities into the European Economic Community. The Common Agricultural Policy (read this and related legal terms for further details). of the EEC specif......
7. Terms of Sale Terms of Sale in International Trade Meaning of Terms of Sale, according to the Dictionary of International Trade (Global Negotiator): This expression refers to the price quotation for a specific product. It states the price for the product as a specified delivery location, sets the time of [...]...
8. Buyer's Premium A subsidy offered by a member state of the European Economic Community to domestic tobacco processors to encourage the use of EEC, rather than imported, tobaccos. The program, which is a feature of the common AGRICULTURAL POLICY (...
9. Green Rate A special rate of exchange used in converting agricultural prices fixed in units of account into national currencies, within the framework of the Common Agricultural Policy (read this and related legal terms for further deta......
10. Financial Solidarity A component principle of the Common Agricultural Policy (read this and related legal terms for further details) of the European Economic Community.......
11. Gross Terms Synonymous with Gross Charter (read this and related legal terms for further details).......
12. Berth A stipulation in a vessel charter party (read this and related legal terms for further details) that laytime ("https://lawin.org/list-of-international-trade-law-terms/">read this and related legal terms ......
13. Transaction Value The primary method of valuing goods for customs purposes under the Customs Valuation Agreement (read this and related legal terms for further details).......
14. Special Cargo Policy A marine cargo policy issued to cover a specific shipment. A special policy may be issued when the shipper infrequently transports goods by water, or when the merchandise is so unusual or so valuable as to warrant a special policy. Frequent shippers customarily obtain an Open Policy (...
15. Free of Capture and Seizure A clause in an ocean marine policy that deletes from the list of covered perils the WAR RISKS (read this and related legal terms for further details) of capture and seizure, and losses attributable thereto. All such war-......
16. Trade Terms Trade Terms in International Trade Meaning of Trade Terms, according to the Dictionary of International Trade (Global Negotiator): The terms of a sale. The setting of responsibilities of the buyer and the seller in a sale, including: sale price, responsibility for shipping, insurance and [...]...
17. Consignor The person or firm shown as shipper on the BILL OF LADING (read this and related legal terms for further details).......
18. Common Financing A feature of the Common Agricultural Policy (read this and related legal terms for further details) of the European Economic Community.......
19. Common Pricing A feature of the COMMON AGRICULTURAL policy (read this and related legal terms for further details) of the European Economic Community.......
20. 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 [...]...
21. Consignment Summary of Consignment Goods in transit under a bill of lading (read this and related legal terms for further details)(Main Author: William J. Miller) Consignment in International Trade Meaning of Consignment, according to the Dictionary of International Trade (Global [...]...
22. Leverage Leverage in International Trade Meaning of Leverage, according to the Dictionary of International Trade (Global Negotiator): In foreign exchange (options), this term expresses the disproportionately large change in the premium in terms of the relative price movement of the underlying instrument....
23. Community Preference Summary of Community Preference A component principle of the Common Agricultural Policy (read this and related legal terms for further details) of the European Economic Community.(Main Author: William J. Miller) Community Preference and Europe There is an entry on community [...]...
24. Counterpurchase A form of countertrade (read this and related legal terms for further details) in which two parties agree to purchase specified quantities of merchandise from each other at a fixed price. The effect is that each party si......
25. Countervailing Charge Countervailing Charge and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Countervailing Charge: A charge in addition to normal import duties that may be imposed under the European [...]...
26. Dumping Dumping in International Trade Meaning of Dumping, according to the Dictionary of International Trade (Global Negotiator): The practice of selling a product in a foreign market at an unfairly low price (a price that is lower than the cost in the home market, or which is lower than the cost of [...]...
27. 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 [...]...
28. Section 204 A provision of the Agricultural Act of 1956 authorizing the president to negotiate bilateral agreements to limit exports to the United States of "any agricultural commodity or product manufactured therefrom or textiles or textile products." The president is also empowered to take steps to ......
29. Variable Levy Variable Levy and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Variable Levy: An import duty that is subject to alteration as world market prices change, designed to ensure that the [...]...
30. Developed Countries Summary of Developed Countries A generalized grouping of the industrialized nations. Customarily, the term is applied to those nations that are members of the organization for economic cooperation And Development (read this and related legal terms for further details) plus the [...]...
31. Economic Union Summary of Economic Union Also known as an economic community, an advanced form of economic integration on the part of several states. The economic union incorporates the features of a Common market (read this and related legal terms for further details)—unrestricted free trade among [...]...
32. Trade Fair Trade Fair in International Trade Meaning of Trade Fair, according to the Dictionary of International Trade (Global Negotiator): A stage-setting event in which firms of several nationalities present their products or services to prospective clients in a pre-formatted setting, usually a booth [...]...
33. Common External Tariff Summary of Common External Tariff The uniform customs tariff applied by all the member states of a customs union or common market to imports from nonmember nations.(Main Author: William J. Miller) Common External Tariff and the GATT Policy Negotiations In relation to the GATT [...]...
34. CCC Mark CCC Mark in International Trade Meaning of Ccc Mark, according to the Dictionary of International Trade (Global Negotiator): The China Compulsory Certificate Mark, commonly known as a CCC Mark, is a compulsory safety mark for many products imported, sold or used in the chinese market. The CCC [...]...
35. 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.......
36. Lloyd's Register A publication containing details of the characteristics and construction of various oceangoing vessels. The publication is not produced by Lloyd's Of London (read this and related legal terms for further details), wh......
37. Safeguards Safeguards in International Trade Meaning of Safeguards, according to the Dictionary of International Trade (Global Negotiator): Emergency measure taken when increased imports of particular products cause or threaten to cause serious injury to the importing country's domestic industry. [...]...
38. Certificate of Radioactivity Certificate of Radioactivity in International Trade Meaning of Certificate of Radioactivity, according to the Dictionary of International Trade (Global Negotiator): Some countries require, especially for food products, a certificate proving that they do not contain radioactive substances, [...]...
39. Commercial Value Commercial Value in International Trade Meaning of Commercial Value, according to the Dictionary of International Trade (Global Negotiator): The actual price at which a product is sold either to unrelated parties or to related parties at arm's length. This is the opposite of no commercial [...]...
40. Supply Contract Supply Contract in International Trade Meaning of Supply Contract, according to the Dictionary of International Trade (Global Negotiator): An agreement by which a seller promises to supply all of the specified goods or services that a buyer needs over a certain time and at a fixed price, and [...]...
41. Single Market Summary of Single Market A component feature of the Common Agricultural policy (read this and related legal terms for further details) of the European Economic Community.(Main Author: William J. Miller) Single Market and Europe There is an entry on single market in the European [...]...
42. Balance of Trade Balance Of Trade Summary of Balance Of Trade The sum total, in monetary terms, of a nation's merchandise (i.e., "visible") exports less the value of merchandise imports during a given time period, usually one year. Merchandise imports and exports are contrasted with trade in [...]...
43. Terms of Trade Summary of Terms of Trade An export-import price ratio derived by dividing indices of export prices by indices of import prices. For example, when export indices are 105 percent of a base period, and import indices are 98 percent of the same base period, then the terms of trade [...]...
44. 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 [...]...
45. G-7 G-7 (Group of Seven) in International Law Meaning of G-7 Group of Seven, according to the Dictionary of International Trade (Global Negotiator): Group comprising the major industrialized nations in economic terms, which in view if the global importance of the member states have made in their [...]...
46. Normal Valu Normal Valu in International Trade Meaning of Normal Valu, according to the Dictionary of International Trade (Global Negotiator): A customs term meaning the price at which merchandise is sold or offered for sale in principal markets of the country from which it is exported. In some countries [...]...
47. Agricultural Policy Common Agricultural Policy (CAP) and Europe There is an entry on common agricultural policy (cap) in the European legal encyclopedia. Resources See Also Government Government Contract Local Government Public Administration Administrative Law Public Law Resources See Also Further Reading [...]...
48. Additional Product Aid A feature of the Common Agricultural Policy of the European Economic Community, which provides price supports to EEC producers affected by import competition. The "community preference" mechanism of the CAP eliminates external competition for most items but does not respond for certain pro......
49. Ordinary Course Of Trade A concept routinely applied in customs valuation that holds that the dutiable value of goods is the price at which they would normally sell if customary channels of distribution were observed. For example, where it was industry practice for a product to be sold directly by a manufacturer to an end u......
50. Supplier Supplier Credits and International Trade Supplier in International Trade Meaning of Supplier, according to the Dictionary of International Trade (Global Negotiator): The party furnishing goods or services in a business transaction in return for the agreed upon compensation. As such, suppliers [...]...
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. Supply Supply in International Trade Meaning of Supply, according to the Dictionary of International Trade (Global Negotiator): The quantity of a good or service that sellers will make available at a given price and a certain time in a specific market. Resources See Also Trade International Trade [...]...
53. Weight W/M in International Trade Meaning of W/m, according to the Dictionary of International Trade (Global Negotiator): Weight or measurement is a method of quoting freight rates: 1. for sea freight, per metric ton (1.000 kilograms) or per cubic meter (35.3 cubic feet) whichever is greater; 2. for [...]...
54. EAGGF Meaning of EAGGF Here is a very short concept of eaggf in the European Union framework: European Agricultural Guidance and Guarantee Fund, more often known by its French initials, FEOGa (see more in the European legal encyclopedia). (See Common Agricultural Policy in the law dictionary or in [...]...
55. Export Processing Zone Summary of Export Processing Zone A special type of Foreign Trade Zone (read this and related legal terms for further details) within which certain exemptions from duties, taxes, and regulations are granted as an inducement to export-oriented manufacturing. Customarily a manufacturer within [...]...
56. Montant De Soutien A plan devised by the European Economic Community in 1963 as the basis of agricultural trade negotiations during the Kennedy round. The plan is predicated upon a reference price for a given agricultural commodity; any imports below the reference price would incur a levy equal to the spread between t......
57. Buying Agent Buying Agent in International Trade Meaning of Buying Agent, according to the Dictionary of International Trade (Global Negotiator): An agent who purchases goods on behalf of foreign buyers. The buying agent represents and buy a specific kind of products within a specific territory, which can [...]...
58. Certificate of Health Certificate of Health in International Trade Meaning of Certificate of Health, according to the Dictionary of International Trade (Global Negotiator): Some countries require a health or sanitary certificate when animals, animal products, fish, plants, and food products are skilled. These [...]...
59. Freight Rate LCL/fcl in International Trade Meaning of LCL/fcl, according to the Dictionary of International Trade (Global Negotiator): A way of quoting container freight rates in which the carrier agrees to pack the container at the outset (LCL) but unpacking at destination must be carried out by the [...]...
60. Markup Pricing Markup Pricing in International Trade Meaning of Markup Pricing, according to the Dictionary of International Trade (Global Negotiator): Markup pricing refers to the difference between the cost to produce and market an item for sale, and the retail price that is charged for that item. [...]...
61. 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 [...]...
62. Spot Exchange Rate Spot Exchange Rate in International Trade Meaning of Spot Exchange Rate, according to the Dictionary of International Trade (Global Negotiator): The price of one currency expressed in terms of another currency at a given moment in time....
63. Sanitary Certificate Sanitary Certificate in International Trade Meaning of Sanitary Certificate, according to the Dictionary of International Trade (Global Negotiator): Some countries require a health or sanitary certificate when animals, animal products, fish, plants and food products are skilled. These [...]...
64. Devaluation Summary of Devaluation The official reduction of the value of a nation's money in relation to a standard (usually gold), special drawing rights, or the U.S. dollar. Inasmuch as all currencies are ultimately valued in terms of some standard, devaluation results in the conscious increase [...]...
65. Sale At Less Than Fair Value The sale of merchandise to a foreign purchaser at a price below the price that would be charged for a like sale in the home market. Such sales may serve as the basis for an allegation of Dumping (read this and related legal ......
66. Eur-lex Note: there is more information about this term in the European legal Encyclopedia. Meaning of Eur-lex, according to the Dictionary of International Trade (Global Negotiator): Portal that offers most European Union legal texts. EUR-Lex goal is bringing together the whole body of EU texts for [...]...
67. 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 [...]...
68. Terms and Conditions Terms and Conditions (Ts & Cs) in International Trade Meaning of Terms and Conditions (Ts & Cs), according to the Dictionary of International Trade (Global Negotiator): The terms and conditions that detail the rules that apply to fulfilling a particular contract and that form an integral part [...]...
69. Buffer Stocks Buffer Stocks and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Buffer Stocks: Commodity stocks managed by countries or international organizations to moderate market price fluctuations. When prices rise [...]...
70. Tariff Escalation Tariff Escalation and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Tariff Escalation: The application of tariff rates on raw materials that are lower than on processed versions of the [...]...
71. Currency Option Currency Option in International Trade Meaning of Currency Option, according to the Dictionary of International Trade (Global Negotiator): The contractually agreed right to buy (call option) or to sell (put option) a specific amount of foreign currency at a predetermined price on a specific [...]...
72. 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....
73. Chicken War A protracted dispute between the United States and the European Economic Community arising from the adoption of Europe's COMMON AGRICULTURAL POLICY (read this and related legal terms for further details) on chicken i......
74. Consular Invoice Read Invoice as cross-reference......
75. Cooley Loans Foreign-currency-denominated loans by the U.S. government to foreign nations to permit the purchase of American agricultural commodities. The loans are authorized by an amendment to the Agricultural Trade Development and Assistance Act (...
76. Net Terms Net Terms in International Trade Meaning of Net Terms, according to the Dictionary of International Trade (Global Negotiator): Vessel chartering terms under which the vessel owner is not responsible for the cost of loading, stowing, trimming and unloading the vessel. See also FIO and FIOST....
77. Deal Breaker Deal Breaker in International Trade Meaning of Deal Breaker, according to the Dictionary of International Trade (Global Negotiator): A term or condition in a proposed transaction upon which negotiators for both sides cannot gain agreement and that can cause the transaction to fail. Deal [...]...
78. Positive Concept Of Valuation An approach to the application of ad valorem duties that holds that duties should be applied upon the actual value of the transaction, as defined by buyer and seller. This view has been substantially fulfilled by the recent adoption of the transaction value basis of valuation in the Customs Valuatio......
79. Trade Agreements Act Of 1979 An act of Congress implementing certain agreements negotiated under the Tokyo Round (read this and related legal terms for further details). The act replaced the Countervailing Duty Law and Antidumping Act of 1921 and ab......
80. Werner Report A report on the subject of European integration, prepared by a committee under the leadership of Pierre Werner, prime minister of Luxembourg. The report, published in October 1970, urged full economic and monetary union within the European Economic Community as "a catalyst for the development o......
81. Hidden Costs Hidden Costs in International Trade Meaning of Hidden Costs, according to the Dictionary of International Trade (Global Negotiator): Expenses that are not normally included in the purchase price for a piece of equipment or machine e.g. maintenance, supplies, training, support and upgrades....
82. Tender Tender in International Trade Meaning of Tender, according to the Dictionary of International Trade (Global Negotiator): A offer or proposal to purchase a specified quantity of a commodity for a specified price. See tender proposal....
83. Standardization Ict Standardization, the Law and other Social Sciences The article first looks at the links that exist between standards and standardization on the one hand and innovation and economics on the other. It then offer sa brief description of a typical standards setting process. The complex [...]...
84. Price Undertaking Price Undertaking and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Price Undertaking: An agreement by an exporting firm with the government of an " importing country to raise the [...]...
85. Price Differentiation Price Differentiation in International Trade Meaning of Price Differentiation, according to the Dictionary of International Trade (Global Negotiator): Price strategy for international markets that allows each local subsidiary or partner (agent, distributor. etc.) to set a price that is [...]...
86. International Organization for Standardization International Organization for Standardization; sometimes referred to as the International Standards Organization (ISO) in relation with International Trade In the context of trade organizations, Christopher Mark (1993) provided the following definition of International Organization for [...]...
87. Price Base Price or Basic Price and International Trade Resources See Also Further Reading Information related to price in the Max Planck Encyclopedia of International Law(MPEPIL), Germany, United Kingdom Resources See Also Common Agricultural Policy Gate Price and International Trade Resources [...]...
88. Price Supports A program of governmental action designed to stabilize or lift the price that producers receive for their products. These actions may include direct cash payments, government purchase of output to force up market prices, or special financing. Such supports are most commonly applied to agriculture.......
89. Price Discrimination Price Discrimination and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Price Discrimination: The practice of charging unequal prices to different buyers of products that are essentially identical, when such [...]...
90. Price Competitiveness Price Competitiveness and International Trade Economy Resources See Also competitiveness...
91. Price Bands Price Bands and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Price Bands: A form of variable levy linked to a system of domestic price controls. Countries such as Chile and Colombia [...]...
92. Price Restrictions In the United States For information about Price restrictions in the context of international trade, click here...
93. Price Policy Related Fields Related topics include: Economic Development Find this subject in this World legal encyclopedia. Social development Find this subject in this World legal encyclopedia. Price Policy Find this subject in this World legal encyclopedia. Price Control Find this subject in this World [...]...
94. Price Control Resources See Also Price Policy Price Control Pricing Strategy Dumping...
95. Price Stabilization Resources See Also Price Policy Price Control Pricing Strategy Dumping...
96. Price Support Resources See Also Price Policy Price Control Pricing Strategy Dumping...
97. Net Price Net Price in International Trade Meaning of Net Price, according to the Dictionary of International Trade (Global Negotiator): The price paid or payable after all discounts and rebates have been applied....
98. Price Cartel An agreement among business entities to fix prices, to establish ranges within which prices may move, or to establish methods by which prices may be determined.......
99. Purchase Price Defined in 19 U.S.C. 162 as the price at which imported merchandise has been purchased, or will be purchased, prior to exportation. It is usually based on the ex factory price excluding any export duties levied in the country of manufacture. Within the framework of the European Economic Community......
100. Spot Price The price of a commodity in the Spot Market (read this and related legal terms for further details), i.e., the price quoted for immediate sale and delivery. ......
101. Trigger Price Mechanism A program of import surveillance instituted by the U.S. government in 1977. Under this scheme, a floor price is established for designated import items; this floor is predicated upon the production cost of the most efficient foreign producer, with adjustments for freight and currency [...]...
102. Price-Fixing Agreement Price-Fixing Agreement and International Trade Economy Resources See Also cartel...
103. Going Price Resources See Also Fair market value...
104. Adjusted Cif Price A factor in determining the variable import levy imposed by the European Economic Community on grain imports. The adjusted C.I.F. (cost, insurance, and freight) price is derived by assigning a quality factor to grain imported from non-EEC countries so as to put the import on a quality basis comparab......
105. Base Price As used in conjunction with the Common Agricultural Policy of the European Economic Community, a trigger price for specific commodities at which member states will intervene to support the market price of a commodity. Member states may respond to a decline in market prices below the base price by la......
106. Cash Price The same as SPOT price (read this and related legal terms for further details), as used in grain transactions.......
107. Constructed Price A value for customs purposes that ignores the invoice price of the merchandise but is derived by computing the cost inputs of the product (materials plus reasonable manufacturing expenses in the country of origin plus a profit factor), to which are added the normal costs associated with preparing th......
108. Entry Price Under the common agriculture POLICY (read this and related legal terms for further details) of the European Economic Community, the price at which certain imported agricultural products enter EEC commerce. If the entry p......
109. Gate Price The minimum price at which pork, poultry, and eggs werw permitted to enter the European Economic Community under the common AGRICULTURAL POLICY (read this and related legal terms for further details) without imposition o......
110. Guide Price As used in conjunction with the European Economic Community's Common Agricultural Policy on cattle and calves, it is synonymous with Orientation Price (read this and related legal terms for further details).......
111. Indicative Price Also known as the norm price, the Target Price (read this and related legal terms for further details) for producers of olive oil under the common agricultural policy (...
112. Intervention Price The price at which the European Economic Community, in accordance with the Common Agricultural Policy (read this and related legal terms for further details), will intervene in the market to buy excess agricultural produ......
113. Normal Price Within the scope of the Brussels Definition Of Value (read this and related legal terms for further details), the value basis upon which ad valorem duties will be assessed on imports. The normal price is the price the go......
114. Orientation Price As used in conjunction with the Common Agricultural Policy of the European Economic Community it is the target price (read this and related legal terms for further details) for cattle and calves, i.e., the equilibrium pr......
115. Standard Price The target price (read this and related legal terms for further details) for tobacco under the Common Agricultural Policy of the European Economic Community.......
116. Target Price An important concept within the common agricultural policy (read this and related legal terms for further details) of the European Economic Community. It represents an optimum wholesale price within the community for a g......
117. Withdrawal Price A floor price at which European Economic Community producers of certain food products may withhold their goods from the market. The withdrawal price is generally below the base price (i.e., the target price set for a given commodity) and the purchase price at which EEC governments will intervene in ......
118. Norm Price Norm Price and International Trade Resources See Also Common Agricultural Policy...
119. Strike Price Strike Price in International Trade Meaning of Strike Price, according to the Dictionary of International Trade (Global Negotiator): Price at which the option buyer obtains the right to purchase (call option) or sell (put option) the underlying security or currency....
120. Current Price Resources See Also Current market value Fair market value...