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ALADI

The Latin American Integration Association is an international and regional scope organization created in Latin America in 1980. Currently, it has 13 member countries, and any of the Latin American states may apply for accession. Website.

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All risks (AR)

The broadest type of standard marine insurance coverage generally available and offered by the London Institute of Underwriters “A” Clauses. The name is misleading, as “all risks” does not include coverage for the perils of war risk, strike, riot and…

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Allowance

An amount paid or credited by a seller as a refund or reimbursement due to any one of a number of causes including: faulty packaging, shipment of good which do not meet buyer´s specifications, a late shipment, etc.

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Alongside

A phrase referring to the side of a vessel: goods to be delivered “alongside” are to be placed on the dock or lighter within reach of the transport ship´s tackle so that they can be loaded aboard the vessel.

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Alternative Dispute Resolution (ADR)

A general term for a variety of dispute resolution mechanism that may be used as alternatives to traditional litigation before governmental courts or tribunals. This term includes such techniques as conciliation, mediation and negotiation. Some experts also consider arbitration as…

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