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

Affreightment

A contract between a shipper and a carrier, setting forth their respective transportation obligations. Its is a synonym for charter.

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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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Amendment

In law, an addition, deletion, or change in a legal document. In a letter of credit, a change in terms and conditions of the letter (e.g., extension of the letter of credit´s validity period, shipment deadline, etc.) usually to meet…

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American Foreign Trade Definitions

A set of sales terms published in 1941 that have become obsolete in favour of the current version of the ICC International Chamber of Commerce Incoterms. Buyers and sellers of US shall use the current Incoterms version and clearly indicate…

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