Bilateral Agreement

In general, any treaty, protocol, or understanding between two nations. The term has particular application in the area of commercial air transportation, where a bilateral agreement is an understanding between two countries permitting the commercial aircraft of one nation to land in and carry […]

Asian Development Bank

Summary of Asian Development Bank

A multilateral development bank formed in 1966 to provide capital to Asian and Pacific countries to expand their economic infrastructure and industrial base. Capital is contributed to the bank by its members, which include both regional, i.e., Asian, and […]

Bill of Lading

Bill Of Lading Summary of Bill Of Lading

A document issued by a carrier to a shipper acknowledging receipt of the goods, and stating the points of pick-up and delivery, as well as other information relative to value declared for carriage, terms and conditions of transport, freight charges, […]


Railway Consignment Note in International Trade Meaning of Railway Consignment Note, according to the Dictionary of International Trade (Global Negotiator): A freight document indicating that the goods have been received for shipment by rail. The railway consignment note is a rail contract […]

Transportation Law

In relation to Inter-American Treaties, Conventions and Agreements adopted within the framework of the OAS The Organization of American States (a list of Members of the Organization of American States is here) adopted the following international instruments regarding International […]

Foreign Direct Investment

Foreign Direct Investment in International Trade Meaning of FDI (Foreign Direct Investment), according to the Dictionary of International Trade (Global Negotiator): The controlling ownership in a business enterprise in one country by an entity based in another country. According to balance of […]

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 […]


A service offered by railroads to compete with pure trucking. A trailer (pig) is detached from the power unit in a railyard and placed aboard a flatcar for transport to the destination city, where a power unit is again attached to the trailer for final delivery to the consignee….


Generally, a unit of cargo tendered by a shipper to a common carrier for onward transportation. The term is not explicitly defined. It attains its greatest significance within the meaning of the Carriage of Goods by Sea Act. The act (46 U.S.C. A. Sec. 181) stipulates: Neither the carrier nor the shi…