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| Rail Waybill |
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Freight document that indicates goods have been received for shipment by rail. |
| Rate of Exchange |
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The amount of funds of one nation that can be bought, at a specific date, for a sum of currency of another country.
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| Real Rights |
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Rights in real estate or in items attached to real estate. |
| Realignment |
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Simultaneous and mutually coordinated re- and devaluation of the currencies of several countries. |
| Receipt |
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Any written acknowledgment of value received. |
| Received For Shipment Bill Of Lading |
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A bill of lading which confirms the receipt of goods by the carrier, but not their actual loading on board. |
| Receiving Papers |
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Paperwork that accompanies a shipment when it is brought to the dock. |
| Reciprocal Trade Agreement |
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An international agreement between two or more countries to establish mutual trade concessions that are expected to be of equal value. |
| Reciprocity |
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The process by which governments extend similar concessions to each other. |
| Reconsignment |
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A change in the name of the consignor; a change in the place of delivery; or relinquishment of shipment at point of origin. |
| Redeliver |
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A demand by U.S. Customs to return previously released goods to Customs custody for reexamination, reexport, or destruction. |
| Reefer Container |
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A controlled temperature shipping container (usually refrigerated). |
| Reexport |
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The export of imported goods without added value. |
| Refund |
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An amount returned to the consignor as a result of the carrier having collected charges in excess of the originally agreed upon charges. |
| Relay |
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A shipment that is transferred to its ultimate destination port after having been shipped to an intermediate point. |
| Remittance |
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Funds forwarded from one person to another as payment for bought items or services. |
| Remittance Following Collection |
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In instances when the shipper has performed services incident to the transportation of goods, a carrier will collect payment for these services from the receiver and remit such payment to the shipper. |
| Replevin |
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A legal action for recovering property brought by the owner or party entitled to repossess the property against a party who has wrongfully kept it. |
| Request for Quotation |
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A negotiating approach whereby the buyer asks for a price quotation from a potential seller for specific quantities of goods. |
| Rescind |
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To cancel a contract. |
| Reserved Freight Space |
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A service by some airlines enabling shippers to reserve freight space on designated flights. |
| Restricted Letter of Credit |
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A letter of credit which is restricted to a bank specifically mentioned. |
| Restrictive Business Practices |
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Actions in the private sector designed to restrict competition so as to keep prices relatively high. |
| Retaliation |
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Action taken by a country to restrain its imports from a country that has increased a tariff or imposed other measures that adversely affect its exports. |
| Revaluation |
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The restoration of the value of a nation's currency that had once been devalued in terms of the currency of another nation. |
| Reverse Preferences |
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Tariff advantages once offered by developing countries to imports from certain developed countries that granted them preferences. |
| Revolving Letter of Credit |
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A letter of credit which is automatically restored to its full amount after the completion of each documentary exchange. |
| Risk Position |
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An asset or liability which is exposed to fluctuations in value through changes in exchange rates or interest rates. |
| Road Waybill |
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Transport document that indicates goods have been received for shipment by road haulage carrier. |
| Roll-On, Roll-Off |
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A category of ships designed to load and discharge cargo which rolls on wheels. |
| Rollover Credit |
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Any line of credit that can be borrowed against up to a stated credit limit and into which repayments go for crediting. |
| Route |
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The course or direction that a shipment moves. |
| Royalty |
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Compensation for the use of a person's property based on an agreed percentage of the income arising from its use. |
