Glossary of International Trade Terms
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| Table of Denial Orders |
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A list of individuals and firms which have been disbarred from shipping or receiving U.S. goods or technology. Firms and individuals on the list may be disbarred with respect to either controlled commodities or general destination (across-the-board) exports. |
| Tare Weight |
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The weight of a container and/or packing materials, but without the goods being shipped. The gross weight of a shipment less the net weight of the goods being shipped.
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| Tariff |
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A comprehensive list or "schedule" of merchandise with applicable rates to be paid or charged for each listed article; or a schedule of shipping rates charged, together with governing rules and regulations. |
| Tariff Anomaly |
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A tariff anomaly exists when the tariff on raw materials or semi-manufactured goods is higher than the tariff on the finished product. |
| Tariff Escalation |
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A situation in which tariffs on manufactured goods are relatively high, tariffs on semi-processed goods are moderate, and tariffs on raw materials are nonexistent or very low. |
| Tariff Quotas |
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Application of a higher tariff rate to imported goods after a specified quantity of the item has entered the country at a lower prevailing rate. |
| Tariff Schedule |
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A comprehensive list of the goods which a country may import and the import duties applicable to each product. |
| Tariff War |
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When one nation increases the tariffs on goods imported from, or exported to another country, and that country then follows by raising tariffs itself in a retaliatory manner. |
| Tax Haven |
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A nation offering low tax rates and other incentives for individuals and businesses of other countries. |
| Tender |
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A small vessel which serves a larger vessel in a port for the purpose of supplying provisions and carrying passengers from ship to shore. |
| Tenor |
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The period between the formation of a debt and the date of expected payment. |
| Terminal |
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The area at the end of a rail, ship, air, or truck line which serves as a loading, unloading, transfer point, and storage/repair
facility. |
| Terminal Charge |
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A charge made for services performed at terminals. |
| Terms of Trade |
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The volume of exports that can be traded for a given volume of imports. |
| Third World Countries |
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Developing countries, especially in Asia, Africa, and Latin America, but excluding communist countries. |
| Through Bill of Lading |
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A single bill of lading covering receipt of cargo at the point of origin for delivery to the ultimate consignee. |
| Through Rate |
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A shipping rate applicable from point of origin to destination. |
| Tied Loan |
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A loan made by a government agency that requires a foreign borrower to spend the proceeds in the lender's country. |
| To Order |
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A term on a financial instrument or title document indicating that it is negotiable and
transferable. |
| Tracer |
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A request upon a transportation line to trace a shipment for the purpose of expediting its movement or establishing delivery. |
| Tracking |
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A carrier's system of recording movement intervals of shipments from origin to destination. |
| Trade Deficit |
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A nation's excess of imports over exports over a period of time. |
| Trade Name |
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The name under which an organization conducts business, or by which the business or its goods and services are identified. |
| Trade Promotion |
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Encouragement of the progress, growth, or acceptance of trade.
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| Trade Surplus |
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A nation's excess of exports over imports over a period of time. |
| Trade Terms |
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The setting of responsibilities of the buyer and seller in a sale including sale price, shipping, insurance, and customs. |
| Trailer |
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A vehicle without motor power designed to be drawn by another vehicle. |
| Tramp Line |
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A transportation line operating tramp steamers. |
| Tramp Steamer |
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A steamship which does not operate under any regular schedule from one port to another, but calls at any port where cargo may be obtained. |
| Trans-Ship |
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To transfer goods from one transportation line to another, or from one ship to another of different ownership. |
| Transaction Value |
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The price actually paid or payable for merchandise. |
| Transfer of Technology |
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The movement of modern or scientific methods of production or distribution from one enterprise to another. |
| Transfers (mail, wire, cable) |
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Transfers are the remittance of money by a bank to be paid to a party in another town or city. |
| Transit Zone |
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A port of entry in a coastal country that is established as a storage and distribution center for the
convenience or a neighboring country lacking adequate port facilities or access to the sea. |
| Transmittal Letter |
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A list of the particulars of a shipment and a record of the documents being transmitted together with instructions for
disposition of documents. |
| Transparency |
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The extent to which laws, regulations, agreements, and practices affecting international trade are open, clear, measurable, and verifiable. |
| Transport Documents |
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All types of documents evidencing acceptance, receipt and shipment of goods. |
| Transportation and Exportation Entry |
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Customs entry used when merchandise arrives in the U.S. and is destined for a foreign country. |
| Traveler |
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A person who stays for a period of less than one year in a country of which he or she is not a resident. |
| Traveler's Checks |
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A form of check especially designed for travelers, including persons on vacation and business trips. |
| Tri-Temp |
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A container that can maintain three exact temperature zones in difference compartments simultaneously. |
| Triangular Trade |
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Trade between three countries, in which an attempt is made to create a favorable balance for each.
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| Tropical Products |
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Agricultural goods of export interest to developing countries in the tropical zones of Africa, Latin America, and East Asia (coffee, tea, spices, bananas, and tropical hardwoods). |
| Trust Receipt |
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A declaration by a client to a bank that ownership in goods released by the bank are retained by the bank, and that the client has received the goods in trust only. |
| Turnkey |
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A method of construction whereby the contractor assumes total responsibility from design through completion of the product. |
| Turnkey Contract |
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An agreement under which a contractor agrees to complete a product so that it is ready for use when delivered to the other contracting party. |
| Two-Tier Market |
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An exchange rate regime which normally insulates a country from the balance of payments effects of capital flows while it maintains a stable exchange rate for current account transactions. |
| Tying Arrangement |
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A condition that a seller imposes on a buyer, requiring that if the buyer desires to purchase one product (tying product), the buyer must also agree to purchase another product (tied product), which the buyer may or may not want. The laws of some countries prohibit certain tying arrangements. |
