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Acronyms and Abbreviations Commonly Used in International Business Transactions

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

A

AAA    American Arbitration Association

AAEI   American Association of Exporters & Importers

ACDA Arms Control & Disarmament Agency

ACE    Automated Commercial Environment

ACEP  Advisory Committee on Export Policy

ACH    Automated Clearinghouse

ACS    Automated Commercial System

ADB    Asian Development Bank

ADD    Anti-dumping duty

ADS    Agent Distributor Service

AECA  Arms Export Control Act

AES     Automated Export System

AFT     Bureau of Alcohol, Tobacco and Firearms

AG       Australia Group

AID     Agency for International Development

ANSI   American National Standards Institute

APEC  Asian-Pacific Economic Cooperation

APHIS Animal and Plant Health Inspection Service

ASEAN           Association of Southeast Asian Nations

AT       Anti-Terriorism

ATA Carnet     "Admission Temporaire-Temporary Admission" Carnet

AWB   Air Waybill     

B

BATF  Bureau of Alcohol, Tobacco and Firearms

B/E      Bill of Exchange

BEA     Bureau of Economic Analysis

BEET   Business Executive Enforcement Team

BENELUX      Belgium, Netherlands, Luxembourg

BFP     Bona Fide Purchaser  

BIS      Bank for International Settlements       

BIS      Bureau of Industry and Security (Previously "BXA")    

BISNIS            Business Information Services for Newly
                     Independent States

BIT(s)  Bilateral Investment Treaty(ies)

B/L      Bill of Lading

BOP    Balance of Payments

BOT    Balance of Trade

BSA     Bilateral Steel Agreement

BTN    Brussels Tariff Nomenclature  

C

C.A.F. Currency Adjustment Factor

CBERA           Caribbean Basin Economic Recovery Act

CBI      Caribbean Basin Initiative

CBM   Chemical, Biological and Missile Non-Proliferation

CBW   Chemical and Biological Weapons

CC       Crime Control

CCC    Commodity Credit Corporation

          Customs Cooperation Council

CCCN Customs Cooperation Council Nomenclature

CCL    Commerce Control List; formerly Commodity Control List

CD-ROM        Compact Disc—Read Only Memory

CDT    Center for Defense Trade

CE Mark          Conformite Europeen

CET     Common External Tariff

CF       Customs Form

C&F    Cost and Freight

CFC    Controlled Foreign Corporation

CFR     Code of Federal Regulations
          Cost and Freight

CFTA  Canadian Free Trade Agreement        

C.I.     Cost and Insurance

CIA     Central Intelligence Agency

CIB      Council for International Business (arbitration)

CIF      Cost, insurance and freight

C.I.F.& C.       Cost, Insurance, freight, and commission

C.I.F.C.I.         Cost, insurance, freight, commission, and interest

C.I.F.I.&E.      Cost, insurance, freight, interest, and exchange.

CIMS  Commercial Information Management Systems

CIP      Carriage and Insurance Paid

CIS      Commonwealth of Independent States

CISG   Convention on Contracts for the International Sale of Goods

CIT      Court of International Trade

CIV     Civilian License Exception

CJR     Commodity Jurisdiction Request

CMP    Country Marketing Plan

CNUSA           Commercial News USA

COCOM         Coordinating Committee on Multilateral Export Controls

C.O.D. Collect (cash) on delivery

COE    Council of Europe

COGSA           Carriage of Goods by Sea Act

COMECON    Council for Mutual Economic Assistance

COMEX          Commodity Exchange Inc. (futures contracts)

CPT     Carriage Paid To

CT       Countertrade

CVD    Countervailing Duty

CWC   Chemical Weapons Convention

CXT    Common External Tariff

D

D/A     Documents Against Acceptance

DAF    Delivered at Frontier

DDU    Delivered Duty Unpaid

DDP    Delivered Duty Paid    

DDTC Directorate of Defense Trade Controls (Previously "ODTC")

DEC    District Export Council

DEQ    Delivered Ex Quay

DES     Delivered Ex Ship

DISC   Domestic Industrial Sales Corporation

DOA    Department of Agriculture

DOC    Department of Commerce (U.S.)

DOD    Department of Defense (U.S.)

DOE    Department of Energy (U.S.)

DOI     Department of the Interior (U.S.)

DOL    Department of Labor (U.S.)

DOS    Department of State

DOT    Department of Transportation
         Department of Treasury

D/P      Documents Against Payment

DPL     Denied Persons List

DTAG  Defense Trade Advisory Group

DTC    Defense Trade Controls

DTRA  Defense Threat Reduction Agency

DTSA  Defense Technology Security Administration

 

E

EAA   Export Administration Act

EAC    Export Assistance Center

EAR     Export Administration Regulations

EBB     Economic Bulletin Board

EBRD  European Bank for Reconstruction and Development

EC       European Community

ECCN Export Control Classification Number;
        Formerly, Export Commodity Classification Number

ECD    Exporter Counseling Division

ECU    European Currency Unit

EDC    Export Development Corporation

EE        Export Enforcement

EEA     European Economic Area

EEBIC Eastern Europe Business Information Center

EEC     European Economic Community

EFT     Electronic Funds Transfer

EFTA   European Free Trade Association

EI         Encryption Item

EIB      European Investment Bank

EIN      Employer Identification Number
          Exporter Identification Number

ELAIN Electronic License Application and Information Network

ELAN  Export Legal Assistance Network

ELISA Export License Status Advisor

ELVIS Export License Voice Information System

EMC    Export Management Company

EMS    European Monetary System

Export Management System

EMU    European Monetary Union

EO       Executive Order

EOTC  European Organization for Testing and Certification

EP        European Parliament

EPA     Environmental Protection Agency

EPCI    Enhanced Proliferation Control Initiative

ERIC   Electronic Request for Item Classification

ERLC  Export Revolving Line of Credit

ERM    Exchange Rate Mechanism

ESPIRIT          European Strategic Program for Research
                    and Development in Information Technologies

ETC     Export Trading Company

ETD     Estimated Time of Departure

ETSI    European Telecommunications Standards Institute

EU       European Union

EXIM BANK  Export-Import Bank of the United States

EXPAT            Expatriate

EXW   Ex Works       

F        

FAA   Federal Aviation Administration
        Foreign Assistance Act

FAC    Foreign Assets Control

FAS     Foreign Agricultural Service
          Free Alongside Ship

FBP     Foreign Buyer Program

FCA    Free Carrier

FCIA   Foreign Credit Insurance Association

FCPA  Foreign Corrupt Practices Act

FDA    Food and Drug Administration

FDIC   Federal Deposit Insurance Corporation

FEMA Federal Emergency Management Agency

FET     Foreign Economic Trends

F.M.C. or FMC           Federal Maritime Commission

FMS    Foreign Military Sales

FMV    Foreign Market Value

FOB    Free on Board

FOIA   Freedom on Information Act

FOREX           Foreign Exchange

FPA     Free of Particular Average

FPFO  Fines, Penalties and Forfeitures Officer

FPFS   Fines, Penalties, and Forfeitures System

FRA     Forward/Future Rate Agreement

FSC     Foreign Sales Corporation

FSN     Foreign Service National

FSO     Foreign Service Officer

FTA     Free Trade Agreement/Area

FTC     Federal Trade Commission
          Foreign Tax Credit

FTI      Foreign Traders Index
          Feet/Foot

FTO     Foreign Trade Organization

FTSR   Foreign Trade Statistics Regulations

FTZ     Foreign Trade Zone

FTZA   Foreign Trade Zone Act

FTZB   Foreign Trade Zone Board

F/X      Foreign Exchange       

G       

G/A     General Average

GAO    General Accounting Office

GATT  General Agreement on Tariffs and Trade

G-DEST          General License-Destination

GDP    Gross Domestic Product

GEM    Global Export Manager

GL       General License

GLV    General License-Shipments of Limited Value

GmbH  Gesellschaft mit beschrankter Haftung

GNP    Gross National Product

GO      General Order

GOV    License Exception on exports to U.S. government organizations.

GPO    Government Printing Office (U.S.)

G.R.I.   General Rules of Interpretation

GSP     Generalized System of Preferences

G-TEMP          General License – Temporary Export

GTDA  General License – Technical Data

GTDR  General License – Technical Data Restricted

GTF-U.S.        General License – Goods Imported for
                    Display at U.S. Exhibitions or Trade Fairs

G-5      Group of Five

G-7      Group of Seven

GUS    General License – Shipments to Personnel and
         Agencies of the U.S. Government        

H       

HAWB           House Air Waybill

HAZMAT        Hazardous Materials

H/H      House to House

H/P      House to Pier

H.P.     Horsepower

HPC    High Performance Computer

HS       Harmonized System

HTS     Harmonized Tariff Schedule

HTSUS            Harmonized Tariff Schedule of the U.S.

HWA   Hold Without Action   

I         

IAEA  International Atomic Energy Agency

IAEL    International Atomic Energy List

IATA   International Air Transport Association

IBRD   International Bank for Reconstruction and Development

IBF      International Banking Policy

IBOR   Interbank Offered Rate

ICA     International Cocoa Agreement
          International Coffee Agreement
          International Commodity Agreement

ICAO  International Civil Aviation Organization

ICC     International Chamber of Commerce

ICP      Internal Control Program

ICSID  International Center for the Settlement of Investment Disputes

IDA     International Development Association

IDB      Inter-American Development Bank

IDCA   International Development Cooperation Agency

IEA      International Energy Agency

IEEPA International Emergency Economic Powers Act

IEPG    Independent European Program Group

IESC    International Executive Service Corps

IFAC   Industry Functional Advisory Committee

IFAD   International Fund for Agricultural Development

IFC      International Finance Corporation

ILO      International Labor Organization

IMF     International Monetary Fund

IMI      International Market Insight

IML     International Munitions List

IMO    International Maritime Organization

INC.    Incorporated

INS      Immigration and Naturalization Services

INTELSAT      International Telecommunications Satellite Organization

IPR      International Property Rights

IRS      Internal Revenue Service

ISA      Industry Sub-sector Analysis
           International Sugar Agreement

ISAC   Industry Sector Advisory Committee

ISC      Intermodal Service Charge

ISO      International Standards Organization

ITA      International Tin Agreement
           International Trade Administration

ITAR   International Traffic in Arms Regulations

ITC      International Trade Commission

ITDS    International Trade Data System

IVL      Individual Validated License    

J         

JCIT   Joint Committee For Investment and Trade

JDB     Japan Development Bank

JEIC    Japan Export Information Center

JETRO Japan External Trade Organization

JEXIM The Export-Import Bank of Japan

JICA    Japan International Cooperation Agency         

K       

KG     Kommanditgesellschaft

KGS or Kilo(s)            Kilogram(s)

KK      Kabushiki Kaisha       

L        

LAFTA           Latin American Free Trade Association

LAIA   Latin American Integration Association

L/C      Letter of Credit

LCIA   London Court of International Arbitration

LCL, L.C.L.     Less Than Container Load      

LDC   Less Developed Country
        Lesser Developed Country

LDCs   Least Developed Countries

LEAP   License Enforcement Action Plan

LIBID  London Interbank Bid Rate

LIBOR London Interbank Offered Rate

LIFFE  London International Financial Futures Exchange

LLC     Limited Liability Company

LLDCs Lesser Developed Countries

LO       Licensing Officer

LOC    Letter of Credit

LOI      Letter of Indemnity
          Letter of Intent

Ltd.      Limited

Ltda.    Limitada

LTL     Less than Truckload

LVS     Low Value Shipment License Exception

M        

MAC  Market Access & Compliance

MDB   Multilateral Development Bank

MFA    Multi-Fiber Arrangement

MFN   Most Favored Nation Treatment (now called Normal Trade Relations)

MHW  Ministry of Health and Welfare

MIF     Multilateral Investment Fund

MIGA  Multilateral Investment Guarantee Agency

MIPRO            Manufactured Imports Promotion Organization

MITI    Ministry of International Trade and Industry

ML      Munitions List

MLA    Manufacturing License Agreement

MOF   Ministry of Finance

MOFTEC        Ministry of Foreign Economic Trade and Economic Cooperation

MOFERT        Ministry of Foreign Economic Relations and Trade

MOU   Memorandum of Understanding

MRA   Mutual Recognition Agreement

MT      Marine Terminal
          Missile Technology

MTAG Missile Technology Advisory Group

MTCR Missile Technology Control Regime

MTEC Missile Technology Export Control Group

MTN   Multilateral Trade Negotiations

MTO   Multinational Trade Organization         

N

N/A    Not Applicable

NAEC National Association of Export Companies

NAFTA           North American Free Trade Agreement

NATO    North Atlantic Treaty Organization

N.E.S.  Not Elsewhere Specified

N.E.S.O.I.       Not Elsewhere Specified or Indicated

NICs    Newly Industrializing Countries

NLR    No License Required

NMEs  Nonmarket economies

NMT   Office of Nuclear and Missile Technology Controls

NNPA Nuclear Non-Proliferation Act

NNPT  Nuclear Non-Proliferation Treaty

NO.     Number

N.O.I.B.N.      Not otherwise indexed by number

 

N.O.S. Not otherwise specified

 

NP       Nuclear non-proliferation

 

NPT     Nuclear Non-Proliferation Treaty

 

NRA    Non-Resident Alien Individual

 

NRC    Nuclear Regulatory Commission

 

NRL    Nuclear Referral List

 

NS       National Security

 

NSA    National Security Agency

 

NSC    National Security Council

 

NSD    National Security Directive

 

NSG    Nuclear Suppliers Group

 

NSO    National Security Override

 

NTB    Non-Tariff Barrier

 

NTDB  National Trade Data Bank

 

NTE     National Trade Exports Report

 

New-to-Export

 

NTM   New To Market

 

NTR    Normal Trade Relations

 

NVOCC          Non-Vessel Operating Common Carrier          O        O/A    Open Account

 

OAC    Office of Anti-boycott Compliance

 

OAPEC           Organization of Arab Petroleum Exporting Countries

 

OAS    Organization of American States

 

OAU    Organization of African Unity

 

O.B.L.

 

(shipping) Ocean Bill of Lading

 

OBR    Oversees Business Report

 

OBU    Offshore Banking Unit OECD            Organization for Economic Cooperation and Development

 

OEE     Office of Export Enforcement

 

OEL     Office of Export Licensing

 

OEXS  Office of Export Services

 

OFAC Office of Foreign Assets Control

 

OIC     Organization of the Islamic Conference

 

OMC   Office of Munitions Control

 

OPEC  Organization of Petroleum Exporting Countries

 

OPIC   Overseas Private Investment Corporation

 

OSHA Occupied Safety and Health Administration      P         P/A     Power of Attorney

 

PCT     Patent Cooperation Treaty

 

PEC     President's Export Council

 

PEFCO            Private Export Funding Corporation

 

POA    Power of Attorney

 

PP        Purchase Price

 

P.P.      Prepaid (Freight must be prepaid)

 

P/P       Pier to Pier

 

P.R.C.  People's Republic of China – Mainland China

 

PSV     Post-Shipment Verification

 

PT 20   Per 20 Foot Trailer (Container)

 

PT 40   Per 40 Foot Trailer (Container)

 

PTA     Preferential Trade Agreement

 

For Eastern and Southern Africa

 

PU&D Pick-up and Delivery

 

Q         QRs    Quantitative Restrictions           R         RBPs  Restrictive Business Practices

 

R&D    Research and Development

 

ROC    Republic of China – Taiwan

 

RFP     Request for Proposal

 

RFQ    Request for Quotation

 

RoRo   Roll-on, Roll-off

 

R.R.     Railroad

 

RS       Regional Stability

 

RWA   Returned Without Action

 

S          S.A.    Sociedad Anonima

 

Societe Anonyme

 

SADC  Southern Africa Development Community

 

SBA     Small Business Association

 

SACU  Southern African Customs Union

 

SCL     Special Comprehensive License

 

SCO    Senior Commercial Officer

 

SDN    Specially Designated National

 

SDRs   Special Drawing Rights

 

SDT     Specially Designated Terrorist

 

SEA     Single European Act

 

SEC     Securities and Exchange Commission

 

Special Equipment Compensation

 

SED     Shipper's Export Declaration

 

SEED   Support for East European Democracy

 

SFSC   Shared Foreign Sales

 

SIC      Standard Industrial Classification

 

SLI      Shippers Letter of Instruction

 

SITC    Standard International Tariff Classification

 

SM      Service Mark

 

SNAP  Simplified Network Application Process

 

SPAC  Services Policy Advisory Committee

 

S.R. & C.C.     Strikes, Riots and Civil Commotion Warranty

 

S.R.L.  Societa a Responsabilita Limitada

 

SS        Short Supply

 

STELA            System for Tracking Export License Applications

 

STM    State Trade Mission

 

T          TA      Trade Assistant

 

TAA    Trade Adjustment Assistance

 

Technical Assistance Agreement

 

TAAC  Trade Adjustment Assistance Center

 

TAC    Technical Advisory Committee

 

TACM Transit Air Cargo Manifest

 

TAPO  Trade Assistance and Planning Office

 

TCC    Trade Compliance Center

 

TCI      Third Country Initiative

 

TCMD Third Country Meat Directive

 

TDA    Trade Development Agency

 

TDO    Table of Denial Orders

 

Temporarily Denial Order

 

TDP     Trade and Development Program

 

TEC or CXT    Tarif Exterieur Common

 

(common external tariff)

 

TEU     (shipping) Twenty foot equivalent unit. A forty foot container is equal to two (2) TEU'S.

 

TFC     Trade Fair Certification

 

TIA      Travel Industry Association of America

 

TIB      Temporary Importation under Bond

 

TIC      Trade Information Center

 

TIEA    Tax Information Exchange Agreement

 

THC    Terminal Handling Charge

 

T.L.      (shipping) Truckload

 

T.M.    (shipping) Traffic Manager

 

TM      Trademark

 

Trade Mission

 

TMP    Temporary Export License Exception

 

TNC    Trade Negotiations Committee

 

TOP     Trade Opportunities Program

 

TPC     Trade Policy Committee

 

TPCC  Trade Promotion Coordinating Committee

 

TPIS    Trade Policy Information System

 

TPM    Trigger Price Mechanism

 

TPRG  Trade Policy Review Group

 

TPRM  Trade Policy Review Mechanism

 

TRA     Trade Reference Assistant

 

TRIMs Trade-Related Investment Measures

 

TRIPs  Trade-Related Aspects of Intellectual Property Rights

 

TRO    Temporary Restraining Order

 

TS        Trade Specialist

 

TSR     Technology and Software Restricted License Exception

 

TSU     Technology and Software Unrestricted License Exception

 

TSUSA            Tariff Schedules of the United States Annotated

 

TT        Tested Telex

 

TWEA Trading With the Enemy Act    U        UBO   Ultimate Beneficial Owner

 

UCC    Uniform Commercial Code

 

UCP    Uniform Customs and Practices

 

UCPDC           Uniform Customs and Practice for Documentary Credits

 

U.K.    United Kingdom

 

UN      United Nations

 

UNCDF           United Nations Capital Development Fund

 

UNCITRAL     United Nations Commission on International Trade Law

 

UNCSTD        United Nations Conference on Science and Technology for Development

 

UNCTAD        United Nations Conference on Trade and Development

 

UNDP United Nations Development Program

 

UNDRO          United Nations Disaster Relief Organization

 

UNEP  United Nations Environment Program

 

UNESCO        United Nations Educational, Scientific, and Cultural Organization

 

UNHCR          United National High Commissioner for Refugees

 

UNICEF          United Nations International Children's Emergency Fund

 

UNIDO           United Nations Industrial Development Organization

 

UNITAR          United Nations Institute for Training and Research

 

UNRISD          United Nations Research Institute for Social Development

 

UNRWA         United Nations Relief and Works Agency

 

UNS    United Nations Sanctions

 

URC    Uniform Rules for Collection    U.S. or U.S.A.            United States of America

 

US&FCS         United States and Foreign Commercial Service

 

USC    United States Code

 

USCS

United States Customs Service

 

USD/US$        United States Dollar

 

USDA

U.S. Department of Agriculture

 

USDIA            U.S. Direct Investment Abroad

 

USEC  U.S. Mission to the European Communities

 

USGPO           U.S. Government Printing Office

 

USIA

U.S. Information Agency

 

USIS    United States Information Service

 

USITC United States International Trade Commission

 

USML U.S. Munitions List

 

USTDA           U.S. Trade and Development Agency

 

USTR  United States Trade Representative

 

USTTA            United States Travel and Tourism Administration

 

USUN U.S. Mission to the United Nations      V        VAT

Value-Added Tax

 

VER     Voluntary Export Restriction

 

VRA    Voluntary Restraint AgreementqqqqqqW-X-Y-Z         W       Ton of 1000 kilos

 

WA      With Average

 

Wassenaar Arrangement

 

W/B     Waybill

 

WFG   Wharfage

 

W/       With

 

WIPO  World Intellectual Property Organization

 

WMD  Weapons of Mass Destruction

 

WMO  World Meteorological Organization

 

W/O    Without

 

WTC   World Trade Center

 

WTDR World Traders Data Report

 

WTO   World Tourism Organization

            World Trade Organization       


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Last modified: 04/23/11