
Abandonment: Refusing delivery of a shipment that is so
badly damaged in transit, it has little or no value.
Acceptance: An international banking instrument known
as a time draft or bill of exchange that the drawee has ac-
cepted and is unconditionally obligated to pay at maturity.
Ad valorem: A tariff that is calculated based on a percent-
age of the value of the product.
Advising bank: A bank operating in the exporter’s country
that handles letters of credit for a foreign bank by notifying
the exporter that the credit has been opened in their favor.
Agency for International Development (AID) shipments:
U.S. Government agency created to provide relief ...