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7/29/2019 Dictionary of Trade Terms http://slidepdf.com/reader/full/dictionary-of-trade-terms 1/37 Negotiating with suppliers is never an easy task. Add to that the problems that may arise from communicating with someone from another culture, speaks another language and are thousands of miles away, it’s no wonder so many traders find it difficult to negotiate with Chinese suppliers. This Dictionary of Trade Terms was created to help traders like yourself, smoothen communications.

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Negotiating with suppliers isnever an easy task. Add to thatthe problems that may arise fromcommunicating with someonefrom another culture, speaksanother language and arethousands of miles away, it’s no

wonder so many traders find itdifficult to negotiate with Chinesesuppliers.

This Dictionary of Trade Termswas created to help traders likeyourself, smoothen


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Words like ‘warranty’ and ‘guarantee’ can sound similar in English, and confusing to non-English speakers, so you’ll want to be extra careful you and your counterpart are on

the same page. Whenever referring to a technical term or trading jargon, it is always better to be safe and input the Chinese translation as well.

AAD Valorem Equivalent 从价当量  The duty collected under a specific tariff or a compound tariff expressed as a percentage of the value of the

imported item. The specific tariff is calculated on the basis of units of volume or weight, rather than value.

AD Valorem Tariff 从价关税  A tariff calculated "according to value," or as a percentage of the value of goods cleared through customs; for example, 10% ad valorem means 10% percent of the value of the entered merchandise

AF 预付运费  Advance Freight (before shipment)

Air Freight 航空运费  Usually Air Freight is charged at the same rate irrespective of the class of goods. There are charged in any one ofthree ways: weight, volume or value and usual method of quotation is airport to airport.

Airway Bill 空运单  The Airway Bill replaced the previously known air consignment note, and it fulfils virtually the same function for Air Freight as the Bill of Lading does for Sea Freight. It contains information about the consignment and, by law, isrequired to be made out by the consignor or his agent.

All Risks 综合险  This is an insurance term and the “All Risks” insurance will normally cover against all risks of whatever nature

provided that they are risks and not certainties.

ATA Carnet 商会通行证  An ATA Carnet is issued by an authorized Chamber of Commerce to allow temporary export and subsequent re-import of professional equipment, commercial samples and goods for exhibition or trade fairs without payment ofcustoms duty on deposit of a bond.

Authority to Pay 委会支付  A document comparable to a revocable letter of credit but under whose terms the authority to pay the seller stemsfrom the buyer rather than from a bank.

AWB 运单  An individually numbered Contract of Airfreight for a single air shipment by the International Air TransportAssociation (I.A.T.A) rules.

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BBack Freight 退货运费  The freight costs involved on returning the shipment to the Sender, when the Importer refuses to accept the goods.

Bill 账单  A document giving evidence of indebtedness of one party to another, as, for example, a written order for goodsthat can be used as security for a loan to the supplier of the goods from a bank, or a security such as a Treasury bill.

Bill Of Exchange 汇票  A writing binding the signer or signers to pay a certain sum at a future day or on demand, with or without interest,as may be stated in the document.

The Bill of Exchange looks something like a cheque which is drawn on an overseas buyer, or even on a third party asdesignated in the export contact, for the sum agreed as settlement.

An exporter can send a Bill of Exchange for the value of goods for export through the banking system for paymentby an overseas buyer on presentation.

The Bill is called a sight draft if it is made out payable at sight, ie “on demand”. If it is payable “at a fixed or 

determinable future time” it is called a term draft, because the buyer is receiving a period of credit, known as thetenor of the Bill. The buyer signifies and agreement to pay on the due date by writing an acceptance across the faceof the Bill.

Bill Of Exchange – Ninety Days

90天汇票  A Bill of Exchange which is payable ninety days after acceptance or ninety days after sight, whichever is marked onthe face of the Bill.

Bill Of Lading (B/L) 提货单  The Bill of Lading is common when goods are shipped by sea or where goods are packed in a container. The Bill ofLading serves three main purposes.

It acts as evidence that there is a contract between either the exporter or importer and a chipping company totransport the goods by sea.

It is a receipt for goods shipped and provides certain details as to their condition when placed on board.

It is also a document of title, which means that the company named on the B/L has the right to possess the goods.A transfer of title on the B/L will transfer the ownership. This element of the B/L is vital to the paymentarrangements for the goods. Bills of Lading are made out in sets of two or three originals; any one of them givestitle to the goods.

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Bill of Lading – Trans-Shipment

转运提单  This Bill is different from a standard Bill of Lading because it names intermediate ports as well as the final port.Some times may give the name of the subsequent vessel that will carry out the next part of the journey.

Blacklist Certificates 黑名单证书  Blacklist Certificates provide evidence that the goods did not originate in, nor were transported via, blacklistedcountries or by blacklisted vessels.

Bond 债券  An interest-bearing certificate issued by a government or a business promising to pay the holder a specified sum ona specified date. A bond is a common means of raising capital.

Bonded Goods 保税货物  Imported goods stored in a bonded warehouse, usually after the owners of the goods have deposited a bondguaranteeing that the duty will be paid when and if the goods are withdrawn for domestic sale.

Bonded Warehouse 保税仓库  A secure storage area in which goods subject to excise taxes or customs duties are stored pending payment oftaxes or duties.

Border TaxAdjustments

国境税调整  The remission of indirect taxes on exported goods, including sales taxes and value-added taxes, designed to ensurethat national tax systems do not impede exports, and the imposition of domestic taxes on imported goods, toensure that they do not receive preferential treatment as compared with domestically produced goods.

Break Bulk 散装  Loose, non-containerised cargo imported in bulk, usually because of size or weight considerations (such as rawmaterials or oversized machinery). These shipments are often separated into individual lots and routed to differentdestinations and/or importers.

Bridging Credit 桥接信用  Borrowing ahead of receiving payment for a sale, or short-term credit to a customer pending his or her receipt offunds from another source.

Buffer Stocks 调节性库存储备  Commodity stockpiles managed in such a way as to moderate price fluctuations. Goods may be sold from a stockpilewhen prices reach or approach predetermined ceiling prices, and they may be purchased for the stockpile whenprices reach or approach predetermined floor levels. Rubber and cocoa are among the commodities consideredmost likely to benefit from buffer stocks, and international commodity agreements exist for both of these products.

Bulk Carrier 散装货轮  A transporter is usually an ocean-going vessel of large, heavy cargoes. "Dry" cargoes are usually mineral ores such asphosphates or manganese.

Buying Agent 采购代理  An agent who buys in this country for foreign importers, especially for such large foreign users as mines, railroads,governments, and public utilities. Synonymous with "purchasing agent."

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CCapital Goods 资本货物  Industrial products or other goods that are used in the creation of additional wealth, such as machine tools. Capital

goods are sometimes called intermediate goods or producer goods, because they are used to produce other goods.

Cargo Sharing 货载分摊  The reservation and division of maritime traffic between designated trading partners who agree that vessels ownedor controlled by either will carry a specified percentage of the cargo moving between them.

Carrier 运输公司  A transportation line that hauls cargo.

Cartel 企业联合  An alliance or arrangement among industrial, commercial, or state-controlled enterprises producing the samecommodity, aimed at regulating the purchase, production, or marketing of the commodity.

CWO (Cash With Order) 定货付现  A payment in advance. Cash With Order usually used for small orders with new buyers and may even be asked for before production begins.

COD (Cash On Delivery) 货到付款  Where small value goods are sent by Post Office Parcel or a courier and are released only after payment of theinvoice plus COD charges.

Certificate of Free Sale 自由销售证书  A certificate, required by some foreign governments, stating that the goods for export, if products under thejurisdiction of the U.S. Federal Food and Drug Administration, are acceptable for sale in the United States, i.e., thatthe products are sold freely, without restriction. FDA will issue shippers a "letter of comment" to satisfy foreignrequests or regulations.

Certificate Of Health 健康证明书  Certificates of Health or health Inspection may be required by an overseas buyer or by the authorities in the buyer’s


Certificate of Inspection 检验证书  A document in which certification is made as to the good condition of the merchandise immediately prior toshipment. The buyer usually designates the inspecting organization, usually an independent inspection firm or government body.

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Certificate Of Insurance 保险单  A document prepared by the exporter or the freight forwarder to provide evidence that insurance against loss or damage has been obtained for the goods to be exported.

A Certificate of Insurance has no legal standing, banks will usually insist on seeing the insurance policy, which is alegal document, rather than a certificate.

Certificate of


制造证书  A statement by a producer, sometimes notarized, which certifies that manufacture has been completed and that

the goods are at the disposal of the b uyer.

Certificate Of Origin 原产地证书  A standard document that certifies the country where the product was made.

A Certificate of Origin is sometimes required by the importing country’s authorities to prove that the goods

originate from a particular country. This may be necessary to enable an importer to claim preferential import duty.

Certificate Of Shipment 装运证书  Used when trans-shipment takes place, although a Bill of Lading has been issued for the first part of the journey, aseparate certificate of shipment is issued for the next part of the journey in a separate vessel.

Certificate Invoice 认证发票  It is an invoice provided by an authorized Chamber of Commerce, some nations will require commercial invoices tobe legalized by the buying nation’s consulate before the goods can enter the country.  

CET or CXT (CommonExternal Tariff)

共同对外关税  A tariff rate uniformly applied by a common market or customs union, such as the European Community, to importsfrom countries outside the union.

CFR or C&F (Cost andFreight)

成本加运费  An international commercial term used in international sales contracts to signify that the seller must pay the costand freight necessary to bring goods to a port of destination, but that the risk of loss or damage passes from theseller to the buyer when the goods pass the ship's rail i n the port of shipment.

CFS (Container FreightStation)

集装箱货运站  Where numerous of shipments are gathered prior to shipment.

Ch Fwd 运费由收货人货到自付  Charges forward

Ch Pd 运费已付  Charges Paid

CIF (Costs, Insuranceand Freight)

到岸价  An international commercial term used in international sales contracts, meaning that the selling price includes allcost insurance and freight for any goods sold. The seller arranges and pays for all relevant expenses involved inshipping goods from their point of exportation to a given point of importation.

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CIP (Carriage andInsurance Paid)

运费加保险费  An international commercial term that is used in international sales contracts to impose the same obligations on theseller as "carriage paid to" (CPT), with the exception that the seller is also responsible for contracting and paying for cargo insurance. Hence, in addition to this obligation, the seller will clear for export and pay the freight and al l costsincurred for the carriage of goods to a destination named by the buyer. The risk of loss or damage passes to thebuyer when the goods are delivered to the carrier.

Clean Bill Of Lading 清洁提单  A Clean Bill of Lading is one, which has no superimposed clause or statement declaring a defect in the condition ofthe exported goods or the packaging, or some other aspect of the consignment.

Commercial Invoice 商业发票  A document prepared by the exporter or freight forwarder, and required by the importer to prove ownership andarrange for payment to the exporter. It should include basic information about the transaction such as a descriptionof the goods, address of the shipper and seller as well as delivery and payment terms. In some cases, thecommercial invoice is used to assess Customs duties.

Commercial Paper 商业票据  Short-term financial instruments that can be bought and sold, particularly promissory notes that call for thepayment of specified amounts of money at a given time.

CMR Note 公路货运文件  A consignment note for movements by road transport.

CMR (ConventionMerchandisesRoutiers)

公路货运公约  Individually numbered Contract of Affreightment for international road shipments.

Collection Papers 托收文件  The documents submitted, usually with a draft or against a letter of credit, for payment of an export shipment.

Confirmed Letter ofCredit

保兑信用证  See Letter of Credit

Consul Invoice 领事发票  An invoice which is approved and certified by the Consulate of the Country of destination, in their office in theCountry of Origin.

Cover Note 保险证明  A document, usually issued by an insurance broker to the exporter, showing details of the insurance effected.

CPA (Insurance ClaimsPayable Abroad)


CIM 铁路货运公约  Individually numbered Contract of Affreightment for international dispatched by rail.

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CPC (CustomsProcedure Cods)

海关程序  Identifies the procedure by which the Customs will process the goods.

C/nee (Consignee) 收货人  The person, firm, or representative, to whom a seller or shipper sends merchandise and who, upon presentation ofthe necessary documents, is recognized as the owner of the merchandise for the purpose of the payment ofcustoms duties. This term is also used as applying to one to whom goods are shipped, usually at the shipper's risk,when an outright sale has not been made. See "Consignment."

Consignment 寄售  A term pertaining to merchandise shipped to a consignee abroad when an actual purchase has not been made,under an agreement by which the consignee is obligated to sell the goods for the account of the consignor, and toremit proceeds as goods are sold.

Credit Risk Insurance 信贷风险保险  A form of insurance which protects the seller against loss due to default on the part of the buyer. See "FCIA."

CRN (CustomsRegistered Number)

海关注册号码  A unique which identifies an Exporter or Importer to Customs.

CT for EU (CommunityTransit)

货物在欧盟内过境  Goods moving within the EU Community.

CTC (Community TariffCode)

关税代码  The unique commodity code number allocated to a specific product. If no CTC exists for your goods, then one canapply to Customs for a ruling, thereby creating a new code number.

Container 集装箱  A special constructed metal box for shipment of goods by sea, usually either 20 or 40 foot long.

Currency Fluctuations 币值波动  Changes in the value of one currency relative to another.

An exporter can protect against loss caused by fluctuating currencies during the sales contract period by taking outa forward exchange contract with a bank.

The exporter, invoicing a buyer in a foreign currency for payment at an agreed future date, sells those expectedreceipts to a bank in advance (ie forward) of the due date of payment. The bank agrees to buy at a pre-determined

forward rate of exchange which varies according to the time of future delivery, for example, one, three or sixmonths, or longer. No money is exchanged at the time the forward contract is made, but under its terms theexporter is guaranteed a certain rate of exchange.

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Customs Bond 海关保税  A bond that, in certain circumstances, importers must post to effect the entry of imported goods. A customs bondusually must be guaranteed by an approved surety. The bond acts as a security in order to ensure the collection ofduties and taxes owed on imports and to facilitate compliance with other importation requirements.

Customs Invoice 海关发票  A document evidencing the value of the goods, which is then used to clear them through Customs in the country ofimport. In some cases, the commercial invoice may be used for this purpose.

DDAF (Delivered AtFrontier)

边境交货  An international commercial term (Incoterm) that is used in international sales contracts to signify that the seller must clear for export, pay for the freight, and bear all costs and risks for the carriage of goods to a nameddestination at a frontier but before the customs border of the adjoining country

DD (Dock Dues) 码头费  Payments made for passing the goods through the dock.

DDP (Delivered DutyPaid)

完税后交货  An international commercial term that is used in international sales contracts to signify the maximum obligation(just as EXW signifies the minimum obligation) on the seller's part. The seller is responsible for all risks and costsincurred to have goods delivered to a named destination. This includes the obligation to contract and pay for freightand transportation costs, unloading fees, export and import licensing fees, and other taxes. The buyer is obligatedonly to assist in obtaining any import license or other official authorization necessary to import the goods.

DDU (Delivered DutyUnpaid)

未完税交货  An international commercial term that is used in international sales contracts to signify that the seller is responsiblefor all risks and costs incurred to have goods delivered to a named destination in the country of importation. Thisincludes the obligation to contract and pay for freight and transportation costs, export licensing fees, and other taxes (unless specifically excluded in the contract). The buyer is responsible for obtaining import licensing, carryingout the customs formalities necessary for the importation of the goods, and paying any import duties on the goods.

Delivered Docks 交付码头  An indication that the seller is willing to deliver the goods carriage-paid to the docks in a named port. Packing wouldbe included in the price, but dock dues and wharfage dues would be excluded. The buyer takes responsibility fromthe point at which the goods are delivered to the dock.

Delivery Note or AdviceNote

送货单  A notification to a customer of the net weight, size, dimensions etc, of a consignment from an export packer or manufacturer.

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Delivery Order 交货单  An order signed by the owner of goods, instructing his warehouse to deliver possessions of the goods to the bearer of the order.

Demurrage (storagecosts)

仓储费  The charge made for detaining a ship or failing to ship the cargo within specified days. The term is also applied tothe charge made for the detention of railway trucks.

DEQ (Delivered ExQuay)

码头交货  An international commercial term that is used in international sales contracts to signify that the seller is responsiblefor all risks and costs incurred to have the goods delivered and unloaded at a named port of destination. Thisincludes the obligation to contract and pay for freight and transportation costs by sea or inland waterway,unloading fees, export and import licensing fees, and other taxes (unless specifically excluded in the contract). Thebuyer is obligated only to assist in obtaining any import license or other official authorization necessary to importthe goods.

DF (Dead Freight) 空舱费  When the shipper is required to pay for space book, but not used.

DFZ (Duty Free Zone)see also (Free Zone)

免税区  An area within a country (a seaport, airport, warehouse, or any designated area) regarded as being outside itscustoms territory.

Differential Export Tax 差别出口税  A multi-tier export tax usually structured so that the tax on exports of a raw material exceeds the tax (if any) on

exports of processed goods made from the raw material, thereby creating an incentive to process the raw materialdomestically.

Domestic InternationalSales Corporation(DISC)

国际销售公司  An export sales corporation set up by a United States company under U.S. Government authorization to promoteexports from the United States by giving the exporter economic advantages not available outside suchauthorization.

Discount 折扣  A deduction from the face value of commercial paper such as bills of exchange, in consideration of receipt of cashby the seller before maturity date.

Distributor 分销商  A firm that sells directly for a manufacturer, usually on an exclusive basis for a specified territory, and whichmaintains an inventory on hand.

Dock Receipt 码头收据  Used by an ocean carrier to acknowledge receipt of a shipment at the carrier's dock or warehouse facilities.

Dock Warrant 船坞仓库存货凭单  A document, representing goods warehoused at the docks, given to the owner as a recognition of his title to thegoods.

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Documents AgainstAcceptance (D/A)

承兑交单  A type of payment for goods in which the documents transferring title to the goods are not given to the buyer untilhe has accepted the draft issued against him.

Documents AgainstPayment (D/P)

付款交单  A type of payment for goods in which the documents transferring title to the goods are not given to the buyer untilhe has paid the value of a draft issued against him.

Documentary Bill 跟单汇票  Is used when the seller of goods to a customer abroad wishes to obtain payment or some form of security beforethe goods are actually delivered. The seller will draw a bill on the consignee for the value of the goods, and willattach to it the copy of the invoice, the insurance policy and the Bills of Lading.

These documents will be handed to his banker, who in turn will forward them to his own correspondent at the placewhere the consignee of the goods are at sea. When this is done, the bank will require a letter of hypothecationempowering it to sell the goods in the event of default by the consignor.

Documentary Letter ofCredit

跟单信用证  A document issued by a bank which guarantees the payment of a customer's drafts for a specified period and up toa specified amount.

The Documentary Letter of Credit provides a more secure means of carrying out transactions in import -export tradethan by documentary bills collection (see Bill of Exchange). A letter of credit when transmitted through a bank,usually in the exporter’s country, becomes the means by which the exporter obtains payment. 

The necessary documents, correctly completed, are presented to a bank by an agreed date. If the terms of thecredit are met an exporter can receive payment from a bank immediately.

Double-Column Tariff 双柱关税  A tariff schedule listing two duty rates for some or all commodities. Under such arrangements, imports may betaxed at a higher or lower rate, depending upon the importing country's trade and other relationships with theexporting country. Some British Commonwealth countries maintain a double-column tariff that providespreferential tariff treatment to other members of the commonwealth. The United States and other countries alsohave lower tariffs for countries to which they grant most-favored-nation treatment.

Downstream Dumpingalso known as InputDumping

下游倾销  The practice of exporting an end-product containing an input that has been purchased at less than normal value

Draft 汇票  The same as a "bill of exchange." A written order for a certain sum of money, to be transferred on a certain datefrom the person who owes the money or agrees to make the payment (the drawee) to the creditor to whom themoney is owed (the drawer of the draft). See "Date Draft," "Documentary Draft," "Sight Draft," "Time Draft."

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Drawback 退税  Import duties or taxes repaid by a government, in whole or in part, when the imported goods are re-exported or used in the manufacture of exported goods

Dual Pricing 双重价格  Selling identical products for different prices in different markets. Dual pricing often reflects export subsidy anddumping practices.

Duty 关税 Duty Suspension  暂缓关税  A unilateral non-application of a customs duty, or its application at a reduced level, usually on a temporary basis.

EECI (ExportConsignmentIdentifier)

出口货物标识  Composed of the CRN plus a commercial reference number, which could be the commercial invoice number.

EMC 出口管理公司  Export Management Company. A firm which acts as local export sales agent for several non-competingmanufacturers. (Term synonymous with "Manufacturer's Export Agent.")

ETC 进出口贸易公司  Export Trading Company

Embargo 禁运  In international trade, government actions limiting or prohibiting imports and/or exports of goods and/or servicesfrom or to a country. Such limitations may be applied by the embargoing country against its own nationals, such asthe United States embargo against trade from Cuba, or in concert with other countries against a third country, suchas the 1990 United Nations embargo against trade in any form with Iraq or the earlier UN embargo against tradewith South Africa. Embargoes may also be applied just against trade in certain products regardless of origin, such asthe ban on trade in ivory.

Export 出口  To send goods to a foreign country or overseas territory.

Export Broker 出口代理  One who brings together the exporter and importer for a fee and then withdraws from the transaction.

ETA 预计到达时间  Estimated Time of Arrival

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Export License 出口许可证  A governmental permit required to export certain products to certain destinations.

ETD 预计发送时间  Estimated Time of Dispatch

Excise Tax 消费税  A selective tax — sometimes called a consumption tax — on certain goods produced within or imported into acountry.

Exchange Permit 交易许可证  A governmental permit sometimes required of an importer to enable him to convert his own country's currency intoa foreign currency with which to pay a seller in another country.

Expiration Date 截止日期  The final date upon which the presentation of documents and drawing of drafts under a letter of credit may bemade.

Export Merchants 进出口商  Export Merchants buy goods direct from an exporter in their own home market for sale abroad. For themanufacturer the transaction is almost the same as selling in the home market as the export merchants areresponsible for promoting the goods to overseas buyers.

Ex (Point of Origin) 不包括  A pricing term under which the seller's only responsibility is to clear the goods for export and make them availableto the buyer at an agreed upon location (factory, warehouse, ship, etc.). The buyer then bears the full cost and risk

involved in transporting the goods to his desired location. Other terms used are "Ex Works," Ex Ship," and "ExQuay."

Exchange Regulations/Restrictions

外汇限制  Restrictions imposed by an importing country to protect its foreign exchange reserves. See "Exchange Permit."

ECGF (Export CreditGuarantee Facility)

出口信贷担保办法  A scheme developed in the United Nations Conference on Trade and Development that would enable developingcountry exporters to refinance their export credits extended to importers in other countries under an internationalguarantee.

Export CreditInsurance

出口信用保险  Insurance designed to guarantee that an exporter will be paid for his/her goods after delivery. If the exporter hassuch insurance, responsibility for collecting payment from the company that imports the goods in another country,

or the company's agent, rests with the underwriter of the export credit insurance.

Export Quotas 出口配额  A specific restrictions or ceilings imposed by an exporting country on the value or volume of certain exports toprotect domestic producers and consumers from temporary shortages of the goods affected or to bolster their prices in world markets. Some international commodity agreements explicitly indicate when producers should applysuch restraints. Export quotas are also often applied in orderly marketing agreements and voluntary restraintagreements, and to promote domestic processing of raw materials in countries that produce them.

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Export Restraints 出口限制  A quantitative restrictions imposed by exporting countries to limit exports to specified foreign markets, usuallypursuant to a formal or informal agreement concluded at the request of the importing countries.

EXW (Ex Works) 工厂交货  An international commercial term that is used in international sales contracts to signify a seller's obligation to makethe goods available to a buyer only at the seller's premises (that is, works, factory, warehouse, and the like). Thus,the seller is not responsible for loading, shipping, export clearance, etc. unless otherwise agreed. All costs, risks, andobligations incurred from moving the goods from the seller's premises to the buyer's destination are borne by thebuyer.

FFactor 代理人  A mercantile agent entrusted with the possession of goods for the purpose of selling them for his principal. Such an

agent may deal with the goods in his own name.

FAK (Freight All Kinds) 各种运费  Describes an airfreight rate, when no special Commodity Rate is available.

FAS (Free AlongsideShip)

船边交货  An international commercial term that is used in sales contracts to signify a seller's obligation to pay the costs andassume all risks for transporting goods from his or her place of business to the point of embarkation where a vesselor plane selected by the buyer will accept the goods.

FCA (Free Carrier) 承运人  An international commercial term that is used in international sales contracts to signify that a seller must deliver goods sold, cleared for export, to a carrier or freight forwarder specified by the buyer. The seller has no obligationwith respect to import licensing or insurance.

FCL 集装箱整箱  Full Container Load

FCR 货代收据  Forwarder’s Certificate of Receipt 

FIATA 国际运输协会联合会  International Federation of Freight Forwarders Association

Floating InsurancePolicy

浮动保险政策  A Floating Insurance Policy gives the regular overseas trader insurance in advance for all his shipments for someperiod ahead; the length of the period will depend on the shipments made from time to time under the policy andon the sum insured.

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FOT 敞车上交货  See FOB

FOR 火车上交货  See FOB

FOB (Free On Board) 离岸价  An international commercial term used in international sales contracts. In an FOB contract, a buyer and a seller agree on a designated FOB point. The seller assumes the cost of having goods packaged and ready for shipmentfrom the FOB point, whether this is his/her own place of business or some intermediate point. The buyer assumesthe costs and risks from the FOB point, including inland transportation costs and risks in the exporting country, aswell as all subsequent transportation costs, including the costs of loading the merchandise on a vessel. If thecontract stipulates "FOB vessel," the seller bears all transportation costs to the vessel named by the buyer, as wellas the costs of loading the goods on that vessel. The same principle applies to the abbreviations "FOR" ("free onrail") and "FOT" ("free on truck").

Foul Bill of Lading 犯规提单  A receipt for goods issued by a carrier bearing a notation that the outward containers or goods have beendamaged.

Force Majeure 不可抗力  Describes circumstances outside the immediate control of the Exporter or Importer, and generally defined assomething which could not have been anticipated even with foresight.

Forward Market 远期市场  A market in which contracts for future deliveries of goods and securities on a specified date are entered into at fixedprices. The contracts themselves are popularly known as "futures." Many commodity exchanges — wool, cotton,and wheat, for example — have established forward markets that permit interested parties to hedge againstchanges in the prices of the raw materials they use or deal in.

Franco (Free) 免费  A price quoted which is free of any other charges.

Free Carrier 各式承运  This price is all costs to a named point of loading, to be transported by a carrier by road, rail, air or sea.

Free Circulation 自由流通  A piece of EU terminology describing goods free to move within the EU, if they were produced in the EU, or on their originally arrival in the EU Import Duty, VAT and any other applicable duty has been paid.

Free Domicile 无固定住所  This price is all costs including insurance and transport of delivery to the overseas buyer’s address. 

Free List 可免税的货物名单  A list of goods not subject to import duties or import-licensing requirements in a particular country.

FOB (Free On Board) 离岸价  This price is all costs of the goods loaded on board a ship whose destination is stated in the commercial contract.

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Free Trade 自由贸易  A theoretical concept that assumes international trade unhampered by government measures such as tariffs or non-tariff barriers. The objective of trade liberalization is to achieve "freer trade" rather than "free trade," it beinggenerally recognized among trade policy officials that some restrictions on trade are likely to remain in effect for theforeseeable future.

Free Zone / Free Port 免税区/自由贸易区  An area within a country (a seaport, airport, warehouse, or any designated area) regarded as being outside itscustoms territory. Importers may therefore bring goods of foreign origin into such an area without paying customsduties and taxes, pending their eventual processing, transshipment, or re-exportation. Free zones were numerousand prosperous during an earlier period when tariffs were high. Some still exist in capital cities, transport junctions,and major seaports, but their number and prominence have declined as tariffs have fallen in recent years. Freezones may also be known as "free ports," "free warehouses," "free trade zones," and "foreign trade zones."

Freight Carriage (paidto)

运费在内  Like C&F "Freight Carriage paid to..." means that the seller pays the freight for the carriage of the goods to thenamed destination. However, the risk of loss of or damage to the goods, as well as the risk of any cost increases, istransferred from the seller to the buyer when the goods have been delivered into the custody of the first carrier andnot at the ship's rail.

Freight Carriage (andinsurance paid to)

运费和保险在内  Like "Freight or Carriage paid to..." but with the addition that the seller has to procure transport insurance againstthe risk of loss of or damage to the goods during the carriage. The seller contracts with the insurer and pays the

insurance premium.

Freight Forward 运费由提货方支付  When goods are sent freight forward, the airline, shipping company, haulier collects the freight costs from theconsignee before parting with the cargo. He will usually have a lien on the cargo for the cost of the freight.

Freight Forwarder 货运代理  A person hired to move shipments from a foreign location to a domestic location, or a portion of the way. Freightforwarders handle many of the formalities involved in importing such shipments.

A forwarder will also advise on suitable packing for the particular journey or commodity. He can prepare the variousdocuments required for the different countries, giving advice on those, which the exporter must by law preparehimself.

Freight forwarders are often called clearing agents or act as a clearing agent when dealing in imports.

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GGeneral Average 共同海损  A term applied to insurance policies, and more correctly defined as “general average loss”. This is a loss caused by,

or directly consequential on, a General Average Act.A General Average Act consists in an extraordinary sacrifice or expenditure which is (a) voluntarily and reasonablymade or incurred, (b) in time of imminent peril, (c) for the purpose of preserving the property imperiled in thecommon adventure. In practical terms, this means that if a ship, then all other shippers who have cargo on thatvessel will bear the loss proportionately.

GATT 关贸总协定  The General Agreements on Tariffs and Trade is a multilateral trade treaty among governments, embodying rightsand obligations. The detailed rules set out in the Agreement constitute a code which the parties to the Agreementhave agreed upon to govern their trading relationships.

General License 一般许可证  Government authorization to export without specific documentary approval.

General Tariff 一般关税  A tariff that applies to imports from countries that do not enjoy either preferential or most-favoured-nation tarifftreatment. Where the general tariff rate differs from the most-favoured-nation rate, the general tariff is usually anolder and higher rate.

GCR (General CargoRate)

一般货物运价  As distinct from a rate applicable to a specific commodity.

Gr Wt (Gross Weight) 毛重  Total weight of goods, packing, and container, ready for shipment.

GSP (General System ofPreferences)

一般特惠制  Under which goods from certain countries are given preferential rates of import duty.

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House Air Way Bill, individually numbered, identifies a particular shipment within an Airfreight Consolidationmovement. The Consol itself being covered by a single MAWB – Maser Air Way Bill fro identification purposes.

Handling Charges 装卸费  The forwarder's fee to his shipper client.

Hedge/ Hedging 套期保值  An action taken by a buyer or seller to protect his or her business or assets against a change in prices. A miller, for example, might buy a quantity of wheat to convert into flour at a given point in time and agree at the same time tosell a similar quantity of wheat that he does not own, at the same price, for delivery at a designated future point intime. If the price of wheat falls, he will lose on the flour while making a profit on the wheat he can later buy at thelower price. But if the price of wheat rises, he will make an extra profit on his flour, which he will have to sacrifice bypurchasing wheat at the current high price. In either case, his production profits are protected.

HS (HarmonisedSystem)

产品分类系统  A complete product classification system, formally known as the Harmonized Commodity Description and CodingSystem, that is organized in a particular framework and that employs a numbering or coding system consistent withits organizational arrangement. At the international level, the HS comprises approximately 5,000 article descriptionsthat appear as headings and subheadings, arranged in 97 chapters grouped in 21 sections.

Hypothecation 担保契约  The pledging of property to secure a debt, without giving up possession of such property.

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II.A.T.A. 国际航空运输协会  International Air Transport Association

ICC 国际商会  International Chamber of Commerce

Import 进口  To bring merchandise into a country from another country or overseas territory.

Import Substitution 进口替代  An attempt by a country to reduce imports (and hence foreign exchange expenditures) by encouraging thedevelopment of domestic industries regardless of domestic inefficiencies.

Import License 进口许可证  A governmental document which permits the importation of a product or material into a country where suchlicenses are necessary.

In Bond 在关栈中  A term applied to the status of merchandise admitted provisionally into a country without payment of duties. See"Bonded Warehouse."

Incoterms(InternationalCommercial Terms)

国际贸易术语解释通则  Incoterms are a uniform set of international rules, promulgated by the International Chamber of Commerce in Paris,for the interpretation of the terms most commonly used in international contracts for the sale of goods. Incotermsdefine the obligations of buyer and seller at every stage of an international sale of goods transaction. The Incotermswere first issued in 1953; they were last revised effective January 1, 2000.

Indent 定单  An indent is merely an order. Thus, an indent number refers to the order number.

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Insurance 保险  An agreement or contract (commonly called a p olicy) between the insured, who pays a premium, and the insurer,who in return promises to compensate the insured if he suffers specified losses.

It is important to have insurance cover against loss or damage which may occur during shipment. The contract withthe supplier should clearly state who is responsible for arranging the insurance at all stages from the time themerchandise leaves the supplier’s premises until the buyer takes possession of the goods. The stages to be coveredinclude:

  Transportation of the goods to the docks or the airport  Time during which they are stored awaiting shipment or loading

  Periods whilst on board the ship, aircraft or conveyance

  Off-loading and storage on arrival in destination.

  Transportation to the buyer's premises.

It is advisable for an importer to buy goods on FCA, FAS or FOB terms in order that he can arrange the insurance inhis own country.Insurance, particularly marine insurance, is a complicated subject, and it is advisable to get a professional insurancebroker to arrange cover for your shipment.

Insurance Certificate 保险凭证  A document prepared by the exporter or the freight forwarder to provide evidence that insurance against loss or damage has been obtained for the goods to be exported.

Invisible Trade 无形贸易  Items such as freight, insurance, and financial services that, are included in a country's balance-of-paymentsaccounts (in the "current" account), even though they are not recorded as physically visible exports and imports.

Inherent Vice 固有缺陷  Defects or characteristics of a product that could lead to deterioration without outside influence. An insuranceterm. See "All Risk Clause."

Irrevocable Letter ofCredit

不可撤消信用证  See Letter of Credit

Invoice, Pro Forma 发票  An invoice sent in advance of the goods, showing the exact details of the order, usually for the purpose of enablingpayment documents to be raised.

IRD 内陆铁路仓库  Inland Rail Depot, which is used for Customs Clearance.

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JJettison 投弃废物  Throwing cargo overboard, if it is determined that such an action may save a vessel in peril.

Joint Venture 合资企业  A commercial or industrial enterprise in which principals of one company share control and ownership withprincipals of another.

KKD (Knocked Down) 拆卸  Merchandise that is imported complete with all parts but in an unassembled state (such as oversized machinery),

usually to facilitate packing and shipping.

LL/C (Letter of Credit) 信用证  A document issued by a bank which guarantees the payment of a customer's drafts for a specified period and up to

a specified amount.

Irrevocable Letter of credit, it means that once the buyer’s conditions in the letter have been agreed by theexporter, they constitute a definite undertaking by the buyer’s bank and cannot be revoked without the exporter’s

agreement. Revocable Letter of credit, it means that the terms of the credit can be cancelled or amended by an

overseas buyer at any time without notice to the exporter.

A confirmed letter of credit is issued by a bank abroad whose validity and terms are confirmed to the beneficiary inthe United States by a U.S. bank.

An irrevocable letter of credit is one which cannot be altered or cancelled once it has been negotiated between thebuyer and his bank. A revocable letter of credit is one which can be altered or cancelled by the buyer after he hasopened it through his bank.

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Laycan 受载期  A ship chartering term which stands for laydays commencement and cancelling, it specifies the earliest date onwhich laytime can commence and the latest date, after which the Charterer can opt to cancel the Charter PartyAgreement.

Laytime 装卸货时间  The time allowed by the shipowner to the voyage charterer to carry out the cargo loading and/or dischargingoperations; Laytime may be expressed as a certain number of days or number of tons of cargo loaded/unloaded per day.

LCL 拼箱  A seafreight expression which describes cargo amount to less than a full container load.

Legal Weight 实重  The weight of goods plus any immediate wrappings which are sold along with the goods; e.g., the weight of a tincan together with its contents. See "Net Weight."

Levy, as a verb 征收  To assess or impose a tariff on imported merchandise; as a noun, the charge on imports.

Liberal 自由贸易的  When referring to trade policy, relatively free of import controls or restraints and/or exhibiting a preference for reducing existing barriers to trade, often contrasted with the protectionist preference for retaining or raisingselected barriers to imports.

Liberalisation 自由化  Unilateral or multilateral reductions in tariffs and other measures that restrict trade. Trade liberalization has beenthe objective of all rounds of the GATT trade negotiations

LIBOR (LondonInterbank OfferedRate)

伦敦银行同业拆借利率  Is the rate of interest at which banks borrow funds from other banks, in marketable size, in the London interbankmarket.

Lien 留置权  A general lien is the right, which arises by contract to retain goods until any sum due in respect of them is paid andalso in respect of any sum which may be owing by the owner to the person in possession.

Lighterage 驳运费  It is the cost of a smaller vessel or barge for moving the goods ashore (in a case of a ship not being able to tie up toa quay).

Linear Reduction ofTariffs

线性降低关税  A reduction by a given percentage in all tariffs maintained by countries participating in a round of tradenegotiations, with or without exceptions for products deemed to be "sensitive." It is sometimes called "horizontalreduction of tariffs," "across-the-board reduction of tariffs," or "equal percentage reduction of tariffs."

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LLDCs or LDCs (LeastDeveloped Countries)

最不发达国家  Some 48 of the world's poorest countries, considered by the United Nations to be the "least developed" of the lessdeveloped countries.

LO/LO 装卸费用  The cost of using a crane to lift goods onto, or off a ship.

Loco (Within The AreaOf)

本地  The word “loco” is always used in conjunction with a defined town or area. For example, “free delivery locoSydney” would mean that goods will be delivered free within the area of Sydney, and that an additional charge

would be made for any delivery outside the area.

Logistics Intermediary 物流中介  A person who consolidates several small shipments from various sources into a larger shipment, usually up to a fulltruck, car, or container load.

Logistics Provider 物流供应商  A person who acts as an agent on behalf of the shipper 

LTL (Less-Than-LoadShipments)

低于负载发货  A shipment that has not been loaded to capacity for the particular container type or shipping method.

MManifest 载货单  A document signed by the Master of a ship specifying the ship and describing the goods loaded therein. This

document must be delivered to the appropriate officer of Customs within six days after the final clearance of theship.

Margin Of Preference 保证金优惠  The difference between the duty payable under a given system of tariff preferences and the duty that would beassessed in the absence of preferences.

Market Disruption 市场混乱  A situation that occurs when a surge of imports of a particular product causes a precipitous decline in sales of similar 

domestically produced goods.

Marks 商标  A set of letters, numbers and/or geometric symbols, generally followed by the name of the port of destination,placed on packages for export for identification purposes.

Mate’s Receipt  伴侣的收据  A Mate’s Receipt provides evidence of delivery of goods to a ship. It has no legal value but it serves a useful purposeand is usually surrendered against Bills of Lading.

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Maturity Date 到期日  The date upon which a draft or acceptance becomes due for payment. Most-Favored-Nation Status: All countrieshaving this designation receive equal treatment with respect to customs and tariffs.

Medium Of Exchange 交易媒介  Documentary instrument used in commercial transactions between buyers and sellers to measure the value of thegoods exchanged. The value of such instruments is usually expressed in terms of a national currency.

Mercantilism 重商主义  An economic philosophy prominent in the 16th and 17th centuries that equated the accumulation and possession of

gold and other international monetary assets, such as foreign currency reserves, with national wealth. Although thispoint of view is generally discredited among 20th century economists and trade policy experts, some contemporarypoliticians still favour policies designed to create trade surpluses, such as import substitution and tariff protectionfor domestic industries, as essential to national economic strength.

MFN (Most FavoredNation Status)

最惠国待遇  Which indicates that a specific nation will receive preferential imports duties, quotas etc.

Min 最低  Minimum, frequently used to state the minimum freight rate which applies to a small amount of cargo.

Minimum Valuation 最低估价  Customs valuation of certain low-cost items at a higher-than-actual value.

Mixed Credits 混合信贷  A financing package that involves official government credit to supplement normal commercial credit, thus enablingan exporter to deliver goods to a buyer in another country on credit terms comparable to those of his competitors.

Movement Certificate 原产地证书  A document used within the European Union (EU) which shows the origin of the goods. Similar to a Certificate ofOrigin.

MRA (MutualRecognitionAgreement)

相互承认协议  Agreements that generally allow conformity assessment — for example, testing, inspecting, certifying — ofmanufactured goods to be performed in the United States to another country's standards and regulations, and viceversa. An MRA can save manufacturers time and expense by avoiding excessive assessments. It also conserves U.S.regulatory agencies' resources. The United States maintains its current high health and safety standards and canadopt even higher standards without in any way violating an MRA.

Multilateral Aid 多边援助  Development assistance given by donors to recipient countries through international institutions

Mutatis Mutandis 已作必要修正  Latin phrase signifying "the necessary changes having been made"; "substituting new terms."

MV (Motor Vessel) 马达船 

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NNCV (No CommercialValue)

无商业价值  Often used in Import Customs Entries to describe samples etc. However, in reality Customs tend not to accept thatan item has no value. This can be overcome by indicating a notional value, say $1.00.

Negotiation Credit 议付信用证  A letter given by a bank advising a manufacturer or seller that the bank is authorized to accept and negotiate draftsdrawn on a specified customer without liability on the part of the bank, usually for a stated amount and liable towithdrawal at any time.

Net Weight 净重  Weight of the goods alone without any immediate wrappings; e.g., the weight of the contents of a tin can withoutthe weight of the can. See "Legal Weight."

NICs (NewlyIndustrializingCountries)

新兴工业化国家  A term coined by the Organization for Economic Cooperation and Development to describe those relativelyadvanced developing nations that have enjoyed rapid economic growth in recent years and can be described asmiddle-income countries. Examples include Brazil, Hong Kong, South Korea, Mexico, Singapore, and Taiwan. Newlyindustrializing countries are sometimes referred to as newly industrializing economies (NIEs).

NME (Non-marketEconomy)

非市场经济  A national economy in which the government seeks to determine economic activity largely through a mechanism ofcentral planning, as in the former Soviet Union, in contrast to a market economy, which depends heavily uponmarket forces to allocate productive resources. In a non-market economy, production targets, prices, costs,investment allocations, raw materials, labour, international trade, and most other economic aggregates aremanipulated within a national economic plan drawn up by a central planning authority. Hence, the public sector makes the major decisions affecting demand and supply within the national economy

Nomenclature of theCustoms CooperationCouncil

海关合作理事会  This was known as the "Brussels Classification Nomenclature" prior to January 1, 1975. It is the customs tariffadhered to by most European countries and many other countries throughout the world, but not by the UnitedStates.

Nominal Tariff Rate 名义税率  The rate of duty charged on the gross value of a given product, rather than on the value of its components

Non Stat 非统计  An expression used in a Custom’s Entry, when the quantity is of insufficient amount to be deemed to affect

Custom’s statistics. 

NTBs (Non-tariffBarriers)

非关税壁垒  Government measures other than tariffs that restrict imports or that have the potential for restricting internationaltrade, even though they may not always do so. NTBs include import monitoring systems and variable levies, as well

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as measures that are internationally perceived as trade restrictive, even though a trade-restricting intent or effectcannot objectively be ascribed to them. Such measures have become relatively more conspicuous impediments totrade as tariffs have been reduced during the period since World War II.

NV (Normal Value) 正常价值  The price at which merchandise is sold or offered for sale in the principal markets of the country from which it isexported.

NVOCC (Non VesselOperating Carrier) 无船承运人 

Often used to describe a major sea freight Forwarder shipping large and frequent shipments to specific ports, butdoes not own their own ship.

OODA (OfficialDevelopmentAssistance)

官方发展援助  Economic or technical assistance extended to developing countries by the governments of developed countries andby international organizations, as contrasted with gifts, loans, and investments financed by the private sector.Official development assistance is construed by the OECD Development Committee as including only "concessional"

transfers to developing countries, meaning that all or part of each ODA transaction is a grant or is loaned at rate ofinterest and/or on repayment terms more beneficial to the recipient than market rates and terms.

Offset Requirements 偏移需求  Conditions imposed on certain large exporters in other countries by importing governments, usually to reduce cashoutflows, such as by requiring the exporter to purchase goods or services produced in the importing country, toestablish manufacturing facilities in the country, or to use locally produced components in manufacturing. Offsetrequirements are frequently associated with sales of military equipment.


离岸生产  The foreign manufacture of goods by a domestic firm primarily for import into its home market.

OMAs (Orderly


有序销售协议  International compacts negotiated between two or more governments in which the trading partners agree to

restrain the growth of trade in specified "sensitive" products, usually through the imposition of export quotas.Orderly marketing agreements are intended to ensure that future trade increases will not disrupt, threaten, or impair competitive industries or their workers in importing countries.

Open Account 往来账户  Open Account offers the least security to an exporter. The goods and accompanying documents are sent directly toan overseas buyer who has agreed to pay within a certain period after the invoice date – usually not more than 180days. The buyer undertakes to remit money to the exporter by an agreed method.

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Open Cargo Policy 开放货运政策 

Open Insurance Cover,Open Cargo Policy

开放货运政策  Synonymous with "Floating Policy." An insurance policy which binds the insurer automatically to protect withinsurance all shipments made by the insured from the moment the shipment leaves the initial shipping point untildelivered at destination. The insuring conditions include clauses naming such risks insured against as "perils of thesea," fire, jettison, forcible theft, and barratry.

OPR (OutwardProcessing Relief)

外运加工  A form of export Custom’s Entry, which indicates to the Customs that the goods are being temporarily exported,and that will be subsequently re-imported to the Country of Origin without the need to charge Import Duty upontheir return.

PPackaging, Labelling,and Marking


包装,标签和标志规章  The requirement or regulation, usually by an importing country, that imported goods be packaged, labelled, or marked according to particular guidelines. Although ostensibly required to protect consumers, non-standard

packaging, labelling, and marking requirements frequently pose problems for exporters and may function as non-tariff barriers.

Packing List 装箱单  A Packing List gives details of the contents of all the packages making up the consignments and is required byCustom’s authorities if the packing information is not shown on the invoice. The Packaging List is usually attachedto the invoice.

Par Value 面值  The official fixed exchange rate between two currencies or between a currency and a specific weight of gold or abasket of currencies.

Parcel Post 邮政包裹  A valuable method of moving small units by air or sea.

Parcel Ticket 包裹票  A variation on the Bill of Lading covering small consignments of limited value. Usually such goods are shipped at theliability of the seller.

Particular Average 单独海损  A term used in insurance more clearly defined as a Particular Average Loss, ie a partial loss of the insured interestcaused by a peril insured against and which is not a General Average Loss. The loss falls entirely on the party whohas an interest in the particular goods so damaged.

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Perils of the Sea 危险海损  A marine insurance term used to designate heavy weather, stranding, lightning, collision, and sea water damage.

Piggybacking 捎带  The assigning of export marketing and distribution functions by one manufacturer to another.

Port Mark 到达港标志  An identity of the port of destination stenciled onto packaging cases. This will often include an indicator of the totalnumber of packing cases in a consignment e.g. 1/12.

Port Marks 到达港标志  See 'Marks'

Port Of Entry 进口港  Point at which individuals and imported goods enter a country and clear its national customs.

Preferences 特别优惠  Special advantages extended by importing countries to exports from particular trading partners, usually byadmitting their goods at tariff rates below those imposed on imports from other supplying countries.

Premium 保险费  A regular payment paid for an insurance policy that provides protection against a risk.

Price Elasticity OfDemand

弹性价格  The percentage change in demand for a given product likely to result if its price changes by 1 percent. A slightlowering or raising of a tariff will have a larger effect on the volume of imports of a product with a high priceelasticity of demand than on a product with a low price elasticity of demand.

Price Elasticity OfSupply

弹性供给  The percentage change in supply for a given product likely to result if its price changes by 1 percent.

Primary Commodity 初级商品  A commodity in its raw or unprocessed state, such as iron ore. In contrast, pig iron is considered a semi-processedproduct, and a steel girder is a manufactured item.

Principal Supplier 主要供应商  The country that is the most important source of a particular product imported by another country. In tradenegotiations, a country offering to reduce its tariff or other barriers to imports of a particular item generally expectsthe country that is the principal supplier of that item to reduce restrictions on its imports of a product for which thefirst country is the principal supplier. Depending on the trade negotiations, both countries then may grant the sameconcessions to all other countries to which they accord most-favoured-nation treatment.

Prior Deposits 事前存款  A deposit required by a government of a specified sum, in domestic or foreign currency, usually corresponding to acertain percentage of the value of the imported product. Such deposits are characteristically held without interest,sometimes for many months — from the time an order is placed until after the import transaction is completed — and hence represent a real cost to the importer. The purpose of prior deposits is usually to discourage imports,particularly for balance-of-payments reasons, and they generally a re recognized as non-tariff barriers that impedetrade. Prior deposits must usually be made at the time an import license is granted.

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Process Patent 工艺专利  A process or method that consists of an act, operation, or step or series thereof performed upon a specified subjectmatter to produce a physical result.

Proforma Invoice 形式发票  An invoice which purports to represent what a final invoice with all attendant details will look like.

PSI (PreshipmentInspection)

装运前检验  To ensure that the quantity and quality of goods to be traded conform to the specifications of the sales contract.

Purchasing Power 购买力  The ability of consumers to acquire goods and services based on their possession of money and/or their recourse tocredit. Aggregate purchasing power within a market or a national economy reflects total disposable income after taxes, and hence the level of employment.

QQRs (Quantitative


数量限制  Explicit limits, or quotas, on the quantity of a good that can be imported or exported during a specified time period.

Such limits are usually measured by physical quantity but sometimes by value. A quota may be applied on a selectivebasis, with varying limits set according to the country of origin or destination, or on a global basis that specif ies onlythe total limit and thus tends to benefit more efficient suppliers. Quotas are frequently administered through asystem of licensing.

Quarantine, Sanitary,And Health Laws AndRegulations



Government measures to protect consumer, animal, and plant health by regulating the use of dangerouspreservatives and other additives in foods. The lack of internationally accepted standards makes it difficult todistinguish between legitimate health standards and protectionist measures.

Quota 配额  The total quantity of a product or commodity which may be imported into a country without restriction or thepenalty of additional duties or taxes.

Quotation 报价  A quotation represents the price and conditions at which a seller is prepared to supply goods.

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RRailway ConsignmentNote

铁路托运单  Railway Consignment Notes are similarly used to the Bill of Lading for transport by rail to an overseas destination.

Rate of Exchange 汇率  The basis upon which money of one country will be exchanged for that of another. Rates of exchange areestablished and quoted for foreign currencies on the basis of the demand, supply, and stability of the individualcurrencies.

Received For ShipmentBill of Lading

收货待运提单  Received For Shipment Bill of Lading confirms that the shipping company has the goods in custody for shipment. Exporters load their goods at their factory into a container provided by a transport operator. Thecontainer is transported by road or rail to the port for shipment. The Received For Shipment Bill of Lading isendorsed by the carrier on loading the goods abroad ship at the port.

Reciprocity 互惠  The practice by which governments extend similar concessions to each other, as when one government lowers itstariffs or other barriers impeding its imports in exchange for equivalent concessions from a trading partner on

barriers affecting its exports (a "balance of concessions").

Reinsurance 再保险  The shifting by agreement (known in the insurance industry as a "treaty") of part of the risk (or "exposure") of theoriginal insurer (the ceding company) to another insurer (the reinsurer). Sometimes a reinsurer will, in turn, pass onpart of its risk to another reinsurer through a process known as retrocession. International reinsurance is importantto developed and developing countries alike.

Request List 特需列表  A list submitted by a country to a trading partner at an early stage of trade negotiations identifying the concessionsit seeks through the negotiations.

Reserve Currency 储备货币  A national currency such as the dollar or pound sterling, or international currency such as Special Drawing Rights,used by many countries to settle debit balances in their international accounts. Central banks generally hold a large

portion of their monetary reserves in reserve currencies, which are sometimes called "key" currencies.

Restitutions 赔偿  Payments to agricultural exporters in the European Community under the Common Agricultural Policy to cover thedifference between internal and world market prices.

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Reverse Preferences 逆优惠  Tariff advantages once offered by developing countries to imports from certain developed countries that grantedthem preferences in turn. Reverse preferences characterized trading arrangements between the EuropeanCommunity and some developing countries (the ACP countries) prior to the advent of the Lomé Convention.

Revocable Letter ofCredit

可撤销信用证  See Letter of Credit

Right Of StoppageTransit

暂停过境权  The Right of an unpaid seller in certain circumstances to arrest the goods sold, after delivery to a carrier and beforedelivery to the purchaser.

RO-RO (Roll On/RollOff)

滚装船  Cargo that is rolled on and off a vessel under its own power. Roll on/roll off shipping allows for quick and easylading/unlading because the cargo does not need to be loaded and unloaded by winch or crane but can be driven onand off a vessel using a tractor trailer, van, or flatbed truck.

Routing Orders The Party accepting responsibility for payment of the freight charges have the ultimate right to nominate the Carrier or Freight Forwarder to be used. Providing that the costs and services level involved match those allowed for in theoriginal quotation.

Royalty Payment 特许使用金  The share of the product or profit paid by a licensee to his licenser.

SSAD: SingleAdministrativeDocument

单一行政文件  An eight-part set, used either in whole or parts, to facilitate easy movement of goods within the EU.

Sanitary Certificate 卫生证书  A certificate which attests to the purity or absence of disease or pests in the shipment of food products, plants,

seeds, and live animals.

Schedule B 附表 B Refers to "Schedule B, Statistical Classification of Domestic and Foreign Commodities Exported from the UnitedStates." A seven-digit Schedule B number must be entered on the shipper's U.S. Export Declaration for everycommodity shipped.

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Sensitive Products 敏感产品  Domestically produced goods considered economically and politically important in a country whose competitiveposition would be threatened if protection against the imports of similar goods were reduced. The steel and textilesindustries in many developed countries, for example, employ large numbers of workers, often in communities thatcannot in the short term offer alternative employment. For these reasons, there has been strong opposition to thereduction of tariff and other trade-restricting measures affecting sensitive products.

Shipper's Export


托运人出口申报单  A form required by the U.S. Treasury Department and completed by a shipper showing the value, weight,

consignee, destination, etc., of export shipments as well as Schedule B identification number.

Shipping Conference 班轮公会  An alliance made up of a number of carriers that provide service from point to point for a defined route, which isdistributed based upon market share.

Shipping Documents 货运单据  Commercial invoices, bills of lading, insurance certificates, consular invoices, and related documents.

Ship's Manifest 船舶舱单  A true list in writing of the individual shipments comprising the cargo of a vessel, signed by the captain.

Sight Draft 即期汇票  A Bill of Exchange payable at sight, ie “on demand”. A draft so drawn as to be payable upon presentation to the

drawee or at a fixed or determinable date thereafter. See "Documents Against Acceptance," "Documents AgainstPayment."

Single-Column Tariff 单柱关税  A tariff schedule listing only one duty rate for each imported product. The United States maintained a single-columntariff schedule until 1909, when special preferences were instituted for products imported from Cuba and thePhilippines.

SITC (StandardInternational TradeClassification)

国际贸易标准分类  An international foreign data scheme that permits international comparisons of foreign trade data. It wasdeveloped by the United Nations in 1950 and is used solely by international organizations for reporting internationaltrade.

SITPRO (Simplificationof International TradeProcedures)

简化国际贸易程序  A UK organisation who frequently become involved in improving documentation etc on a worldwide basis.

Specific Delivery Point 具体交货点  A point in sales quotations which designates specifically where and within what geographical locale the goods willbe delivered at the expense and responsibility of the seller; e.g., F.A.S. named vessel at named port of export.

Specific Limitations OnTrade

具体限制贸易  Government measures that restrict imports or exports of a product during a given period to an explicitly statedvolume or value, usually by requiring a license or other government authorization for each export or importtransaction.

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Specific Tariff 具体关税  A customs duty assessed as a stated monetary amount per unit of physical quantity, such as so many cents a pound,a bushel, or a yard, regardless of the value of the imported item.

Spot Market 现货市场  A market in which goods or securities are traded for immediate delivery. The spot price is, therefore, the price for immediate delivery.

SPS (Sanitary And


卫生和植物检疫  Any measures applied to protect human or animal life from risks arising from additives, contaminants, toxins, or 

disease-causing organisms in their food; to protect human life from plant- or animal-carried diseases; to protectanimal or plant life from pests, diseases, or disease-causing organisms; and to prevent or limit other damage to acountry from the entry, establishment, or spread of pests. These include measures taken to protect the health offish and wild fauna, as well as of forests and wild flora.

Standard IndustrialClassification (SIC)

标准产业分类  A numerical system developed by the U.S. Government for the classification of commercial services and industrialproducts. Also classifies establishments by type of activity.

Standards 规格  Technical specifications that lay down characteristics of a product such as size, quality, performance, or safety.Standards may also cover terminology, testing methods, packaging, labelling, or marking requirements.

Straight Bill of Lading 记名提单  A bill of lading, non-negotiable, in which the goods are consigned directly to a named consignee.

Strategic Stockpiles 战略石油储备  Accumulated stocks of raw materials or other commodities deemed essential to national defence and maintained sothat a country's actual or potential supply of the goods stocked will not fall below the quantity likely to be requiredfor a given period of national emergency.

Supply Access 供应保证  Assurance that importing countries have fair and equitable access at reasonable prices to supplies of raw materialsand other essential imports. Such assurance might include explicit constraints against the use of the exportembargo as an instrument of foreign policy. Requests for such assurance reflect the desire of countries to have aconsistent supply of important raw materials at stable prices.

SWIFT (Society ForWorld-wide Interbank




Major banks have set up a computer system for interbank transfers called the Society For World-wide InterbankFinancial Telecommunications (SWIFT).

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TTariff 关税  A duty (or tax) levied upon goods transported from one customs area to another either for protective or revenue


Tare Weight 自重  The weight of packing and containers without the goods to be shipped.

Tariff Quota 关税配额  Application of a reduced or zero duty rate for a specified quantity of imported goods, or for goods imported duringa given period.

Tariff-Rate Quota 关税率配额  A quota that is determined on the basis of the applicable tariff rate applied to imports. A predetermined amount ofa good is allowed to enter at a reduced or zero tariff rate. After the quota has been filled, all subsequent shipmentsof that good during a specific period of time, such as a calendar year, are assessed a higher import tariff, usually thenormal most-favoured-nation tariff.

TBT (Technical Barriers

to Trade)

技术性贸易壁垒  Are the standards and regulations imposed by governments and governmental authorities to restrict trade.

Technical Regulations 技术规范  Regulations that lay down characteristics for products or related processes and production methods, includingapplicable administrative provisions, with which compliance is mandatory. It may also include or deal exclusivelywith terminology, symbols, packaging, marking, or labelling requirements as they apply to a product, process, or production method.

Technology Transfer 技术转让  The movement of modern or scientific methods of production or distribution from one enterprise, institution, or country to another, as through foreign investment, international trade, licensing of patent rights, technicalassistance, or training. Technology may also be transferred by giving it away (technical journals, conferences,emigration of technical experts, technical assistance programs) or by industrial espionage.

Telegraphic Transfer 电汇  Money is transferred by coded interbank telex and as long as the exporter makes it clear to the overseas buyer exactly to which bank and account the remittance should be made, the exporter should receive very speedypayment.

Tenor 信贷期限  The period of credit given by a Bill of Exchange.

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Term Draft 汇款期限  A Bill of Exchange payable “at a fixed or determinable future time” 

Terms Of Trade 进出口交换比率  The ratio of prices (unit values) of a country's exports to the prices (unit values) of its imports. Some economistshave discerned a deteriorating trend in this ratio for developing countries as a whole. Other economists maintainthat whereas the terms of trade may have become less favourable for certain countries during certain periods — and even for all developing countries during some periods — the same terms of trade have improved for other developing countries in the same periods and perhaps for most developing countries during other periods.

Third-Country Dumping 第三国倾销  A situation in which the exports of a product from one country are being injured or threatened with injury as a resultof exports of the same product from a second country into a third country at less than fair value.

Threshold Price 最低价格  A minimum price. In the case of the European Community, the price for grains and other agricultural products under which EC’s Common Agricultural Policy operates. The threshold price is fixed at a level that will bring the selling

price of grains up to the existing price level in the marketing region within the European Community w here suppliesare lowest.

Tied Loan 约束贷款  A loan made by a government agency that requires a foreign borrower to spend the proceeds in the lender'scountry or to buy the lender's products.

TIR 国际公路运输协定  Initials for the French term “Transports International Routiers”, the name given to international road servicefacilities where one truck crosses many frontiers carrying goods. For example, a TIR truck could load in England andthe driver could stay with it perhaps as far as the Middle East, Turkey, etc. Special Carnets are available, as distinctfrom ATA Carnets.

Trade Agreement 贸易协定  A bilateral or multilateral treaty or other enforceable compact committing two or more nations to specified terms ofcommerce, usually involving mutually beneficial concessions.

Trade Barriers 贸易壁垒  Government laws, regulations, policies, or practices that either protect domestic products from foreign competitionor artificially stimulate exports of particular domestic products.

Trade Diversion 贸易转移  A shift in the pattern of origin of a country's imports, resulting from changes in trade policies or practices, which

may or may not involve change in the overall volume or composition of the i mports involved.

Trade Mission 贸易代表团  Experts and/or businessmen sent by a government or by commercial interests in one country to encourage exportsto the market of another country.

Trademark 商标  A mark or symbol secured by legal registration used by a manufacturer or trader to distinguish his or her goods fromcompeting goods.

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Transit Zone 过境区  The area surrounding a port of entry in a coastal country that serves as a storage and distribution centre for theconvenience of a neighbouring country — a land-locked country, for example — lacking adequate port facilities or access to the sea. A transit zone is administered so that goods in transit to and from the neighbouring country arenot subject to the customs duties, import controls, or many of the entry and exit formalities of the host country. Atransit zone is a more limited facility than either a free trade zone or free port.

Transparency 透明度  Visibility and clarity of laws, regulations, and procedures. Some of the codes of conduct negotiated during the Tokyo

Round sought to increase the transparency of non-tariff barriers that impede trade.

Transshipment 转运  A shipment that has been moved through, imported, transferred, or unladen in one or more intermediary countries(other than their originating country) prior to importation into the final destination country.

Tropical Products 热带产品  Traditionally, agricultural goods of export interest to developing countries in the tropical zones of Africa, LatinAmerica, and East Asia, such as coffee, tea, spices, natural rubber, palm oil, bananas, and tropical hardwoods.

UUnitisation 运送大型货物的方法  The general approach for trying to transport goods in larger units. Pallets and containers are two means to this end.

U.S. Standard Master 美国标准模板  A single business form with combined stencil which includes space for information required on many differentexport forms. Use of this form eliminates multiple typing.

VValidated License 合法许可证  A government document authorizing the export of commodities within the limitations set forth in the document.

Variable Levy 可变征税  Under the European Community's Common Agricultural Policy, a duty that increases or decreases as domestic or world prices fluctuate to ensure that the price of the imported product after payment of duty will equal apredetermined "gate" price.

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VAT (Value -Added Tax) 增值税  An indirect tax on consumption that is levied at each discrete point in the chain of production and distribution, fromthe raw material stage to final consumption. Each processor or merchant pays a tax proportional to the amount bywhich he or she increases the value of the goods purchased for resale after making his or her own contribution. Thevalue-added tax is imposed throughout the European Community and EFTA countries, as well as in many other trading nations.

WWharfinger Receipt 码头管理员收据  An Acknowledgement of the receipt of goods by the wharfinger. It has no legal value.

Wharfage 码头  Charge assessed by carrier for the handling of incoming or outgoing ocean cargo.

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