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FrançaisTerm indicating that whatever action it pertains to must be undertaken immediately. This term is commonly used on drafts accompanying bank collections to indicate that they are immediately payable (as soon as the drawees see them). However, in practice, payments…
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Term used in drafts to indicate that they are payable at some future time after they are presented.
Read MoreATA Carnet
An ATA (Admission Temporary Admission) Carnet is an international customs document that allows the temporary importation of commercial samples, professional equipment, or goods going to a trade fair or exhibition in countries that are part of the ATA Carnet system….
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Exporters of the European Union with customers in Turkey require on ATR1 declaration instead of an EUR 1 movement certificate. An ATR1 form is almost identical to an EUR1 form, and works in much the same way. See EUR 1…
Read MoreAttorney-in-fact
A person authorized to transact business generally or to perform a designated task of a non-legal nature on behalf of another individual or legal entity. An attorney-in-fact is type of agent. In many countries, his authority must be conferred by…
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