Glossary Of International Shipping Terms: U
UCP
Uniform Customs and Practice of Documentary Credit. The "bankers Bible" on Documentary Credit Interpretation issued by the the International Chamber of Commerce ( I.C.C. )
UCP500
Revised and updated version of UCP operating from January 1, 1994.
UN
United Nations.
UNCTAD
United Nations Conference on Trade and Development.
UNCTAD MMO
UNCTAD Multi Modal Transport Convention.
Underwriter
In marine insurance, one who subscribes his name to the policy indicating his acceptance of the liability mentioned therein, in consideration for which he receives by way of a premium.
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, wherein they remain in a unit for a designated destination or until a change in routing is made.
USDA
United States Department of Agriculture.
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