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| War Clause |
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An insurance clause included in policies to cover against losses as a result of war. |
| War Risk |
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The risk to a vessel, its cargo and passengers by aggressive actions of a hostile nation or group.
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| Warehouse Receipt |
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An document listing the goods or commodities deposited in a warehouse. It is a receipt for the commodities listed, and for which the warehouse is the bailee. Warehouse receipts may be either non-negotiable or negotiable. |
| Warehouse, U.S. Customs Bonded |
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A federal warehouse where goods remain until duty has been collected from the importer. |
| Warranty |
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A promise by a contracting party that the other party can rely on certain facts or representations as being true. |
| Warsaw Convention |
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An international multilateral treaty which regulates, in a uniform manner, the conditions of international transportation by air. |
| Waybill |
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A document prepared by a transportation line at the point of a shipment, showing the point or origin, destination, route, consignor, consignee, description of shipment and amount charged for the transportation service, and forwarded with the shipment, or by direct mail, to the agent at the transfer point or waybill destination. |
| Webb-Pomerene Act Of 1918 |
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Federal legislation exempting exporters' associations from the antitrust regulations. |
| Webb-Pomerene Association |
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Associations engaged in exporting that combine the products of similar producers for overseas sales. These associations have partial exemption from U.S. anti-trust laws but may not engage in import, domestic or third country trade, or combine to export services. |
| Weight Break |
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Levels at which the freight rate per 100 pounds decreases because of substantial increases in the weight of the shipment. |
| Wharfage |
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A charge assessed by a pier or dock owner for handling incoming or outgoing cargo. |
| Without Reserve |
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A term indicating that a shipper's agent or representative is empowered to make definitive decisions and adjustments abroad without approval of the group or individual represented. |
| World Bank |
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The International Bank for Reconstruction and Development (IBRD), commonly referred to as the World Bank, is an intergovernmental financial institution located in Washington, DC. Its objectives are to help raise productivity and incomes and reduce poverty in developing countries. |
| World Bank Group |
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An integrated group of international institutions that provides financial
and technical assistance to developing countries. |
| World Trade Clubs |
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Local or regional based organizations in the United States and around the world of importers, exporters, customs brokers, freight forwarders, attorneys, bankers, manufacturers and shippers. |
| WTO |
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World Trade Organization. |
