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A-Z Dictionary of Export, Trade and Shipping Terms

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

E

EDI For Administration, Commerce and Transport
Abbreviation: UN/EDIFACT
The ISO application level syntax rules for the structuring of user data and of the associatedservice data in the interchange of messages in an open environment.
Econometric Models
A system of simultaneous equations for forecasting, based on mutual dependency amongthe variables used.
Economic Speed
That speed of a means of transport which produces the best possible financial result for theowner. Such speed should not be in excess of the maximum or minimum output allowed forthe engine(s).
Economy of Scale
A phenomenon which encourages the production of larger volumes of a commodity to reduceits unit cost by distributing fixed costs over a greater quantity.
Electronic Business
The process of transacting business electronically. This includes the sharing of unstructuredof structured business information by any electronic means among suppliers, customers,governmental bodies, service providers and other parties in order to conduct and executetransactions in business, administrative and other activities.
Electronic Data Interchange
Abbreviation: EDI
The transfer of structured data, by agreed standards from applications on the computer ofone party to the applications on the computer of another party by electronic means.
Electronic Data Processing
Abbreviation: EDP
The computerised handling of information (e.g. business data).
Elevator
Equipment used to discharge some bulk cargoes such as grain which is removed from thehold by a continuous line of buckets or by suction and carried on a conveyor belt to store.
Email (Electronic mail)
The sending of unstructured messages through the use of computer systems from oneperson to others.
Embargo
  1. A government order prohibiting the entry or departure of commercial vessels or goodsat its ports.
  2. The refusal by a carrier, for a limited period, to accept for transport over any route orsegment thereof, and to or from any area or point, of a connecting carrier, anycommodity, type of class of cargo duly tendered (air cargo).
EMC
Export Management Company.
Emergency Medical Service
Abbreviation: EMS
Medical procedures in case of emergencies on board of vessels.
Encryption
A method of converting information into a form which can be transmitted over insecurechannels such as phone lines so that confidentiality is preserved.
Endorsement
The transfer of the right to obtain delivery of the goods of the carrier by means of theconsignee's signature on the reverse side of a bill of lading. If the name of the new consignee(transferee) is not stated, the endorsement is an open one which means that every holder ofthe document is entitled to obtain delivery of the goods.
Enquiry
Document issued by a party interested in the purchase of goods specified therein andindicating particular, desirable conditions regarding delivery terms, etc., addressed to aprospective supplier with a view to obtaining an offer.
Ensign
  1. Flag declaring a ship's country of registry.
  2. Commissioned officer, lowest rank.
Enterprise
An Organisation created to provide products and/or services to customers.
Entity
A tangible or abstract thing of relevance to business about which data may be kept.Example: Customer, Order
Equipment
Material resources necessary to facilitate the transport and handling of cargo. Transportequipment does under the given circumstances not have the ability to move by its ownpropulsion (e.g. sea container, trailer, unit load device, pallet).
Equipment Damage Report
Abbreviation: EDR
Written statement concerning damage to equipment, based on a physical inspection.
Equipment Interchange Receipt
Abbreviation: EIR
Physical inspection and transfer receipt.
Estimated Time of Arrival
Abbreviation: ETA
The expected date and time of arrival in a certain (air)port.
Estimated Time of Departure
Abbreviation: ETD
The expected date and time when a certain (air)port is left.
ETC
Export Trading Company.
European Article Numbering Association
Abbreviation: EAN
An international body responsible for administering the European Article Numbering system.

It has affiliates in many countries such as: CCG in West Germany, DCC in Japan, ANA inthe United Kingdom.

Note: The North American body responsible for the Uniform Product Code (UPC) coding isthe Uniform Code Council. (UPC is considered a subset of EAN).

European Pallet Pool
Pool for the exchange of standard size pallets (the so-called Europallets) in European cargotraffic, formed in 1961 by a number of European rail administrators.
European Zone Charge
Abbreviation: EZC
A charge for inland haulage transport in case of carrier haulage in Europe.
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Even Keel
Said of a vessel which is balanced in such a way that the draft forward and aft is the same asthe draft in the midship of the vessel on both sides.
Event
An occurrence.
Evidence
Something which supports a claim or hypothesis.
Ex (Point of Origin)
A pricing term under which the seller's only responsibility is to clear the goods for export and make them available to the buyer at an agreed upon location (factory, warehouse, ship, etc.). The buyer then bears the full cost and risk involved in transporting the goods to his desired location. Other terms used are "Ex Works," Ex Ship," and "Ex Quay."
Exchange Permit
A governmental permit sometimes required of an importer to enable him to convert his own country's currency into a foreign currency with which to pay a seller in another country.
Exchange Regulations/Restrictions
Restrictions imposed by an importing country to protect its foreign exchange reserves. See "Exchange Permit."
Eximbank
The Export-Import Bank of the U.S. in Washington. See "Guide to Export Assistance."
Excise Tax
A domestic tax assessed on the manufacture, sale, or use of a commodity within a country. Usually refundable if the product is exported.
Expiration Date
The final date upon which the presentation of documents and drawing of drafts under a letter of credit may be made.
Export
To send goods to a foreign country or overseas territory.
Export Broker
One who brings together the exporter and importer for a fee and then withdraws from the transaction.
Export Declaration
See "Shipper's Export Declaration."
Export License
A governmental permit required to export certain products to certain destinations.
Export Management Company (EMC)
A firm which acts as local export sales agent for several non-competing manufacturers. (Term synonymous with "Manufacturer's Export Agent.")
Export Merchant
A producer or merchant who sells directly to a foreign purchaser without going through an intermediate such as an export broker.
E.X.W. Ex Works
Indicates that the buyer is responsible for cargo when it's available at the seller's factory. 
Ex Works (...named place)
Abbreviation: EXW
See Inco Terms
Exceptions Clause
See Exemption Clause
Excess
Going over the prescribed amount or degree e.g. excess luggage is luggage of which theweight is over the weight for free carriage.
Excess Stock
That portion of stock on hand which is over and above the desired stock level.
Exchange Rate
The rate at which one currency can be exchanged for another, usually expressed as thevalue of the one in terms of the other.
Execution
The actual act of carrying out a task.
Exemption Clause
A clause in a contract, which relieves the carrier's responsibility for certain events.
Expected
Likely to occur or appear.
Expediting
The 'rushing' or 'chasing' of production or purchase orders which are needed in less than thenormal lead time.
Expendable Pallet
See Disposable Pallet
Expenses
Costs paid out in connection with booking of cargo and arranging transport (e.g.commission).
Expiration
Termination of a certain period.
Export
The process of carrying or sending goods to another country or countries, especially forpurposes of use or sale in the country of destination. The sale of products to clients abroad.
Export Licence
Document granting permission to export as detailed within a specified time.
Export Packer
Company, packing goods for export.
Exporter
The party responsible for the export of goods.
Extract
Summary or copy of something written, e.g. used in connection with the log book.
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