UCP (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 (paying on Letters 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
support by the UN for electronic
message (data) interchange on an
international level.
Uniform Customs and Practices
for Documentary Credits (UPC):
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.
Unit Load: Packages
loaded on a pallet, in a crate
or any pother 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 container to a
platform or warehouse.
US Consular Invoice: A
document required on merchandise
imported into the United States.
