| W |
| War Clause |
| An insurance clause included in policies to cover against losses as
a result of war. |
| War Risk |
| The risk to a vessel, its cargo and passengers by aggressive actions
of a hostile nation or group. |
| Warehouse Receipt |
| 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 |
| A federal warehouse where goods remain until duty has been collected
from the importer. |
| Warranty |
| A promise by a contracting party that the other party can rely on certain
facts or representations as being true. |
| Warsaw Convention |
| An international multilateral treaty which regulates, in a uniform
manner, the conditions of international transportation by air. |
| Waybill |
| 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 |
| Federal legislation exempting exporters' associations from the antitrust
regulations. |
| Webb-Pomerene Association |
| 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 |
| Levels at which the freight rate per 100 pounds decreases because of
substantial increases in the weight of the shipment. |
| Wharfage |
| A charge assessed by a pier or dock owner for handling incoming or
outgoing cargo. |
| Without Reserve |
| 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 |
| 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 |
| An integrated group of international institutions that provides financial
nad technical assistance to developing countries. |
| World Trade Clubs |
| 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 |
| World Trade Organization. |
| X |
| Y |
| Z |
| Zip Code |
| A numerical code, established by the U.S. Postal Service, used for
the purpose of routing and to identify delivery zones. Some U.S. carriers
apply this code for freight in the same manner. |
| Zone |
| Any one of a number of sections or districts in the United States or
of the world used for the purpose of establishing proper rates for parcels,
mail, pickup, and delivery. |
| Zone Status |
| The legal status of merchandise which has been admitted to a U.S. foreign
trade zone, thereby becoming subject to the provisions of the Foreign Trade
Zone Act (FTZA). |
| Zone User |
| A corporation, partnership or party that uses a U.S. foreign trade
zone for storage, handling, processing, or manufacturing merchandise in
zone status, whether foreign or domestic. |
