| UCP |
Abbreviation
for the "Uniform Customs and Practice for Documentary Credits," published by the
International Chamber of Commerce. This is the most frequently used standard for making
payments in international trade; e.g., paying on a Letter of Credit. It is most frequently
referred to by its shorthand title: UCP No. 500. This revised publication reflects recent
changes in the transportation and banking industries, such as electronic transfer of
funds. |
| UFC |
Abbreviation
for "Uniform Freight Classification." |
| Ullage |
The space
not filled with liquid in a drum or tank. |
| UN/EDIFACT
|
United
Nations EDI for Administration, Commerce and Transport. EDI Standards are developed and
supported by the UN for electronic message (data) interchange on an international level. |
| 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 Documentary Credits (UCP) |
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. See Terms of Payment. |
| 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. |
| U.S.
Consular Invoice |
A document
required on merchandise imported into the United States. |
| UU |
Unless Used |
