A B C D E F G H I J K L M N O P Q R S T U V W Y Z

As freighted

An explanatory note to a freight surcharge explaining that it is to be calculated in the same manner as the freight charge itself. Bunker adjustment factors are usually calculated on an “as freighted” basis. By contrast, currency adjustment factors are…

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As is

A contract term by which the buyer of goods takes them in the condition they are in without any warranties or guarantees for better or for worse.

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ASEAN

The Association of Southeast Asian nations is a political and economic organization of the countries located in Southeast Asia, which id formed by ten countries: Indonesia, Malaysia, the Philippines, Singapore, Thailand, Brunei, Cambodia, Laos, Myanmar and Vietnam. Its aims include…

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Assembly operations

An assembly operation is a variation of the subsidiary. A foreign production plan might be set up simply to assemble components manufactured in the domestic market or elsewhere. The exporting company may try to retain key component manufacture in the…

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Assignee

A party to whom all or part of the procedures of a letter of credit have been formally pledged, usually through a bank.

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