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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

U

Ullage
Free space above a liquid contained in a tank, drum or tank-container, expressed as apercentage of the total capacity. Ullage is often used to leave room for possible expansion ofthe liquid.
Ultimate Consignee
Party who has been designated on the invoice or packing list as the final recipient of thestated merchandise.
Ultra Large Crude Carrier
Abbreviation: ULCC
A vessel designed for the carriage of liquid cargo in bulk with a loading capacity from250.000 till 500.000 DWT.
Unaccompanied Baggage
Luggage not accompanied by a passenger.
Undercarriage
  1. A supporting frame or structure of a wheeled vehicle.
  2. The landing gear of an aircraft.
Undercarrier
A carrier in a conference or consortium who carries less cargo than the allotment distributedto him.
Uniform
The in 1993 revised rules of the International Chamber of Commerce (ICC) governing a letterof credit issued in respect of goods shipped applicable as from 1-1-1994.
Union Internationale des Chemins de Fer
Abbreviation: UIC
International railway union, in which most of the European national railway companies areunited.
Unit Load
A number of individual packages bonded, palletised or strapped together to form a single unitfor more efficient handling by mechanical equipment.
Unit Load Device
Abbreviation: ULD
  1. Any type of container or pallet, in which a consignment can be transported by airwhether or not such a container is considered aircraft equipment.
  2. Any type of air freight container, aircraft container, aircraft pallet with a net, oraircraft pallet with a net over an igloo.
United Nations Conference on Trade and Development
Abbreviation: UNCTAD
A United Nations agency whose work in Shipping includes the liner code involving thesharing of cargoes between the Shipping lines of the importing and exporting countries andthird countries in the ratio 40:40:20.
United Nations Dangerous Goods Number
Abbreviation: UNDG Number
The four-digit number assigned by the United Nations Committee of Experts on the Transportof Dangerous Goods to classify a substance or a particular groups of substances.

Note: The prefix 'UN' must always be used in conjunction with these numbers.

United Nations Economic Commission for Europe
Abbreviation: UN/ECE
The UN/ECE is one of a number of Economic and Social Commissions established by theGeneral Assembly of the United Nations. Despite its name it embraces both Europe andNorth America. The UN/ECE comprises twenty nine core member states, as well as anycountry which is a member of the United Nations and which applies under Article 11 of theUnited Nations constitution for delegate status.

The aim is to advance the economic development of Europe and associated countriesthrough trade facilitation and common agreements.

United Nations Layout Key
Abbreviation: UNLK
A standard (ISO6422) which lays down the basic principles for the design of the image areaon documents for use in international trade.
United Nations Standard Message
Abbreviation: UNSM
A collection of structured data that is exchanged to convey information related to a specifictransaction between partners engaged in electronic data interchange. Messages arecomposed of logically grouped segments required for the type of message transactioncovered.

Note: A set of segments in the order specified in a message directory starting with themessage header and ending with the message trailer (ISO9735).

U.S. Standard Master
A single business form with combined stencil which includes space for information required on many different export forms. Use of this form eliminates multiple typing.
Utc

Abbreviation of Coordinated Universal Time, the standard measurement of time.

Universal time (UT), based on the Earth's actual rotation, was replaced by coordinated universal time (UTC) 1972, the difference between the two involving the addition (or subtraction) of leap seconds on the last day of June or Dec. National observatories (in the UK until 1990 the Royal Greenwich Observatory) make standard time available, and the BBC broadcasts six pips at certain hours (five short, from second 55 to second 59, and one long, the start of which indicates the precise minute). Its computerised clock has an accuracy greater than 1 second in 4,000 years. From 1986 the term Greenwich Mean Time was replaced by UTC. However, the Greenwich meridian, adopted 1884, remains that from which all longitudes are measured, and the world's standard time zones are calculated from it.

Utilisation Rate
The quotient of used capacity and available capacity.
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