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Side loader

A lift truck fitted with lifting attachments operating to one side for handling containers.

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Silent confirmation

In letters of credit, in addition to the commitment of the issuing bank, the advising bank can, by silent confirmation, enter into its own, independent commitment to pay or accept. In contrast to the confirmed letter of credit, in this…

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Sister company

A sister company is a company with close affiliations to another company with a separate name and personnel. Both companies are owned by the same parent and are considered subsidiaries of the larger company. While some subsidiaries are not closely…

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SITC

The Standard International Trade Classification is a numerical code developed by the United nations for the classification of goods. See Brussels Tariff Nomenclature; Harmonized System. H 6-digit.

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