Brush up on your international shipping vocabulary or find the definition for a specific shipping or customs term.

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Term

Description

U.S. Consular Invoice

A document required on merchandise imported into the United States.

ULCC

Ultra Large Crude Carrier. A tanker in excess of 320000dwt.

Ullage

The space not filled with liquid in a drum or tank.

Unclaimed Freight

Freight that has not been called for or picked up by the consignee or owner.

Undercharge

To charge less than the proper amount.

Uniform Customs and Practices for Docume

Rules for letters of credit drawn up by the Commission on Banking Technique and Practices of the International Chamber of Commerce in consultation with the banking associations of many countries.

Unit Load

Packages loaded on a pallet in a crate or any other way that enables them to be handled at one time as a unit.

Unit Train

A train of a specified number of railcars perhaps 100 which remain as a unit for a designated destination or until a change in routing is made.

Unitization

The consolidation of a quantity of individual items into one large shipping unit for easier handling. Loading one or more large items of cargo onto a single piece of equipment such as a pallet.

Unloading

Removal of a shipment from a vessel.

USPPI United States Principal Party of I

The party that receives the primary benefit from an export transaction usually the seller of the goods

Validated Export License

A document issued by the U.S. government, authorizes the export of commodities for which written authorization is required by law.

Value Added Tax (VAT)

Assessed on the value added to goods and services. The value added tax is imposed throughout the European Community and European Free Trade Association (EFTA) countries and many other trading nations but not the U.S.