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| Ultimate Consignee |
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The person who is the true party in interest, receiving goods for the designated end use. |
| Ultimo Day |
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The last business day or last stock trading day of a month.
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| UN/EDIFACT |
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United Nations Electronic Data Interchange for Administration, Commerce and Transport: A nationally accepted Electronic Data Interchange standard. |
| Unconfirmed |
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A documentary letter of credit where the advising bank makes no commitment to pay, accept, or negotiate. |
| Unconscionable |
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Unfair or oppressive. Not restrained by conscience;
unscrupulous. |
| Underdeveloped Country |
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A nation in which per capita re income is proportionately low when contrasted with the per capita real income of nations where industry flourishes. |
| Unfair Trade Practice |
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Unusual government support to firms such as export subsidies to certain anticompetitive practices by firms themselves such as dumping, boycotts or discriminatory shipping arrangements that result in competitive advantages for the benefiting firms in international trade. |
| Uniform Commercial Code |
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A set of statutes purporting to provide some consistency among states' commercial laws. |
| Unit Load |
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The strapping or banding together of a number of individual cargo containers in order to create a single unit. |
| Unit Load Device |
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Term commonly used when referring to containers and pallets. |
| United Nations Conference On Trade And Development |
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A part of the UN General Assembly which promotes international trade and seeks to increase trade between developing countries and countries with different social and economic systems. |
| United Nations Industrial Development Organization |
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Established in 1967, under the UN Secretariat, UNIDO serves as a specialized agency to foster industrial development in lesser developed countries through offering technical assistance in the form of expert services, supplying equipment and/or training. |
| United States And Foreign Commercial Service |
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An agency of the U.S. Department of Commerce that helps U.S. firms be more competitive in the global marketplace. |
| United States Code (USC) |
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A set of volumes containing the official compilation of U.S. law. are also local offices of the U.S. Government Printing Office in major U.S. cities. |
| United States Customs Service (USCS) |
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U.S. governmental agency whose primary duties include the assessment and collection of all duties, taxes and fees on imported merchandise, and the enforcement of customs and related laws and treaties. |
| United States Department Of Agriculture
(DOA) |
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An executive department which serves as the principal adviser to the president on agricultural policy. which works to improve and maintain farm income, implement nutrition programs and develop and expand markets abroad for U.S. agricultural products. It is also charged with inspecting and grading food products for safe consumption. |
| United States Department Of Commerce (DOC) |
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An executive department which encourages and promotes the United States' economic growth, international trade, and technological advancement. |
| United States Department Of Defense
(DOD) |
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A civilian executive department providing the military forces needed to deter war and protect the security of the U.S. |
| United States Department Of Energy (DOE) |
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An executive department created in 1977 to consolidate all major Federal energy functions into one department. The principal programmatic missions are energy programs, weapons and waste clean-up programs, and science and technology programs. |
| United States Department Of Labor (DOL) |
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An executive department which promotes and develops the welfare of U.S. wage earners, improves working conditions, and advances opportunities for profitable employment. The DOL keeps track of changes in employment, prices, and other national economic measures. |
| United States Department Of State
(DOS) |
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An executive department which directs U.S. foreign relations and negotiates treaties and agreements with foreign nations. Activities of the State Department are coordinated with foreign activities of other U.S. departments and agencies. |
| United States Department Of The
Interior (DOI) |
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An executive department that has responsibility for most U.S. federal government owned public lands and natural resources; the principal U.S. conservation agency. The office of Territorial and International Affairs oversees activities pertaining to U.S. territorial lands and the Freely Associated States and coordinates the international affairs of the Department. |
| United States Department Of The Treasury |
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An executive department which performs four basic functions: formulating and recommending economic, financial, tax and fiscal policies; serving as financial agent for the U.S. government; enforcing the law; and, manufacturing coins and currency. |
| United States Department Of Transportation (DOT) |
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An executive department of the U.S. government which is responsible for the development of national transportation policies. |
| United States Information Agency (USIA) |
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Responsible for the U.S. government overseas information and cultural programs, including Voice of America. Conducts a wide variety of communication activities-academic and cultural exchanges to press, radio, television and library programs abroad in order to strengthen foreign understanding of American society, obtain greater support of U.S. policies, and increase understanding between the U.S. and other countries. |
| United States International Trade Commission |
|
An independent fact-finding agency of the U.S. government that studies the effects of tariffs and other restraints to trade on the U.S. economy. It conducts public hearings to assist in determining whether particular U.S. industries are injured or threatened with injury by dumping, export subsidies in other countries, or rapidly rising imports. |
| United States Price |
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In the context of dumping investigations, this term refers to the price at which goods are sold in the U.S. compared to their foreign market value. The comparisons are used in the process of determining whether imported merchandise is sold at less than fair value. |
| United States Trade And Development Agency |
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An independent agency within the executive branch. Its mandate is to promote economic development in, and simultaneously export U.S. goods and services to, developing and middle-income countries. The Agency conducts feasibility studies and orientation visits, and provides trade-related training to assist U.S. firms in becoming involved in developing projects with substantial U.S. export potential. |
| United States Trade Representative |
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A cabinet-level official with the rank of Ambassador who is the principal adviser to the President on international trade policy, and has responsibility for setting and administering overall trade policy. The U.S. Trade Representative is concerned with the expansion of U.S. exports. |
| United States Travel And Tourism Administration |
|
An organization within the Department of Commerce which: stimulates demand internationally for travel to the United States, coordinates marketing projects and programs with U.S. and international travel interests, encourages and facilitates promotion in international travel markets by U.S. travel industry principals, works to increase the number of new-to-market travel businesses participating in the export market, generates cooperative marketing opportunities for private industry
and regional and local governments, researches and provides timely and pertinent data, carries on training programs in international marketing for U.S. professionals, and works to remove
government imposed travel barriers. |
| United States-Canada Free Trade Agreement |
|
The provisions of the US/Canada Free Trade Agreement were adopted by the US with the enactment of the FTA Implementation Act of 1988. The FTA reduced tariffs on imported merchandise between Canada and the U.S. and opened up new areas of trade in investment. |
| Unitization |
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The practice or technique of consolidating many small pieces of freight into a single unit for easier handling. |
| Universal Copyright Convention |
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An international agreement that was concluded to afford copyright protection to literary and artistic works in all countries that voluntarily agree to be bound by the Convention terms. |
| Unloading |
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The physical removal of cargo from carrier's container. |
| Unrestricted Letter Of Credit |
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A letter of credit which may be negotiated through any bank of the beneficiary's choice. |
| Uruguay Round |
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The eighth round of multilateral trade negotiations concerning the General Agreement on Tariffs and Trade (GATT). The Uruguay Round (so named because meetings began in Punta del Este, Uruguay in 1987) concluded in December, 1993 after seven years of talks with 117 member nations. |
| USCS |
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United States Customs Service. |
| USDA |
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United States Department of Agriculture. |
Usance |
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The time allowed for payment of an international obligation. |
| Users Fee |
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Assessments collected by the U.S. Customs Service as part of the entry process to help defray various costs involved in the importation of goods to the United States. |
| Users Fees |
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Assessments collected by the U.S. Customs Service as part of the entry process to help defray various costs involved in the importation of goods to the United States. |
