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

Uniform Rules for Demand Guarantees (URDG)

A set of contractual rules established by the International Chamber of Commerce (ICC) that may be used for demand guarantees and counter-guarantees. These rules are not law, and apply only if the parties to the demand or counter-guarantee so choose….

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Unilateral

An action taken by a single country on its own initiative, and not in any way dependent upon or conditional upon the actions of any other country or countries.

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Unique selling proposition (USP)

The unique selling proposition is the decisive sales argument for customers to buy a product. USP needs to be communicated, and what the communication is intended to achieve in terms of consumer behaviour in the country concerned.

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Unit load

Packages loaded on a pallet, in a crate or any other way that enables them to be handled at one time as a unit.

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Unitization

The consolidation of a quantity of cargo into one large shipping unit for easier handling, as in palletizing or containerization.

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