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G
GATT

General Agreement on Tariffs and Trade. A multilateral treaty intended to help reduce trade barriers between signatory countries and to promote trade through tariff concessions.

General export license

Any of various export licenses covering export commodities for which Individually validated export licenses are not required. No formal application or written authorization is needed to ship exports under a general export license.

Gross weight

The full weight of a shipment, including goods and packaging. Compare Tare weight.

I
Import license

A document required and issued by some national governments authorizing the importation of goods into their individual countries.

Individually validated export license

private network inside a company or organization that uses the same kinds of internet protocol, but that is only for internal use. Intranets are usually established by large corporate organizations to improve communication. The main difference between the Internet and an intranet is that access to intranets are restricted to authorized members only.

Inland bill of lading

A bill of lading used in transporting goods overland to the exporter's international carrier. Although a through bill of lading can sometimes be used, it is usually necessary to prepare both an inland bill of lading and an ocean bill of lading for export shipments. Compare Air waybill, Ocean bill of lading, and Through bill of lading.

International freight forwarder

See Freight forwarder.

L
Letter of credit (L/C)

A document, issued by a bank per instructions by a buyer of goods, authorizing the seller to draw a specified sum of money under specified terms, usually the receipt by the bank of certain documents within a given time.

Licensing

A business arrangement in which the manufacturer of a product (or a firm with proprietary rights over certain technology, trademarks, etc.) grants permission to some other group or individual to manufacture that product (or make use of that proprietary material) in return for specified royalties or other payment.

M
Manifest

See Ship's manifest.

Marine insurance

Insurance that compensates the owners of goods transported overseas in the event of loss that cannot be legally recovered from the carrier. Also covers air shipments. Compare Credit risk insurance.

Marking (or marks)

Letters, numbers, and other symbols placed on cargo packages to facilitate identification.


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