R

Range of tide

R. & C.C.

Riots and civil commotions

R.A.T.

Rapeseed Association Terms

R.C.C. & S.

Roils, civil commotions and strikes

R.D.

Running days

R.D.C.

Running down clause

R.N.L.I.

Royal National Life-boat Institution

R.O.A.

Reinsurance Offices Association

R.O.D.

Rust, oxidation and discolouration

R.P.

Return premium

R.S.

Revised Statutes (U.S.A.)

R.S. & C.C.

Roits, Strikes and Civil Commotions

R.T.

Rye terms

R.T.A.

Rubber Trade Association

R/A

Refer to acceptor

R/D

Refer to drawer

R/E

Rate of exchange

R/P

Return to port for orders

R/T

Revenue ton

R/V

Round voyage

R/p

Return of post for orders

RAC

Response Action Contractor

RACE

Research in Advanced Communications in Europe

RADIO DEPARTMENT - RADIO OPERATOR

Maintains and monitors radio, sends, and receives messages. Often maintains electronic navigation equipment.

RAPL

Rotterdam - Amsterdam Pipeline

RBAY

Richards Bay

RBCT

Richards Bay Coal Terminal

RBPs

Restrictive Business Practices

RC

Running Costs----The expenses of operating a merchant ship.---

RCN

Research octane number

RCP

Federal Region Oil & Hazardous Substances Pollution Contingency Plan

RCRA

Resource Conservation and Recovery Act

RCS

Regular Catalog Show

RCVR

Receivers

RD

Running days

RDC

Running down clause

RDLY

Redelivery; Re-delivery of Vessel on Time Charter

RDR

Radar

RECAP

Recapitulation of the terms and conditions agreed

REDEL

Redelivery; Re-delivery of Vessel on Time Charter

REDELY

Redelivery; Re-delivery of Vessel on Time Charter

REDLY

Redelivery; Re-delivery of Vessel on Time Charter

REEF

Refrigerated

REEFER

Refrigerator ship; a vessel designed to carry goods requiring refrigeration, such as meat and fruit. A reefer ship has insulated holds into which cold air is passed at the temperature appropriate to the goods being carried.

REEFER BOX

An insulated shipping container designed to carry cargoes requiring temperature control. It is fitted with a refrigeration unit which is connected to the carrying ship's electrical power supply.

REF

Reference

REFG

Refrigerating; Refrigeration.

REG

Regarding

REGS.

Registered Tonnage.

RELEASED VALUE

Value assigned a shipment with a maximum value per pound; used for liability purposes

RELET

To sub-charter

REM

Remit

REP

Representative

REQ

Require

RETURN CARGO

A cargo which enables a ship to return loaded to the port or area where her previous cargo was loaded.

REV

Reversible

REVERSE ROUTE

The exact reverse of the route a loaded car traveled from its destination, including all carriers and junctions involved

REVERSIBLE (Detention)

If loading completed sooner than expected at load port, then days saved can be added to discharge operations

REVERSIBLE TIME

Option for charterers to add together time allowed for loading & discharging relative to terms of a particular charter party

RFQ

Request for quotation.

RGDS

Regards

RGE

Range

RI

Registro Italiano Navale

RINA

Registro Italiano Navale

RMO

Regional Marine Operations

RND

Round voyage

RNG

Range

RNR

Rate not reported

RO/RO (ROLL-ON/ROLL-OFF) VESSEL

(1) A ship designed to accommodate cargo that is rolled on and rolled off. Some Ro/Ro vessels can accommodate containers and/or breakbulk cargo. A Ro/Ro Vessel can be self-sustaining. (2) Freight ship or ferry with facilities for vehicles to drive on and off (roll-on roll-off); a system of loading and discharging a ship whereby the cargo is driven on and off on ramps. Equipped with large openings at bow and stern and sometimes also in the side, the ship permits rapid loading and discharge with hydraulically operated ramps providing easy access. Fully loaded trucks or trailers carrying containers are accommodated on the deck.

ROB

Remaining on board

ROC

Reference Our Cable....(date)

ROCKPHOS

Phosphate Rock

ROLLING CARGO

Cargo which is on wheels, such as truck or trailers, and which can be driven or towed on to a ship.

RORO

Roll On/Roll Off

ROTLX

Reference Our TeLeX ...(date)

ROTT

Rotterdam

ROYALTY

A charge on charter flights levied by some governments before traffic rights are granted. Sometimes called a no objection fee. It is usually a fixed proportion of a total charter value.

RPM

Revolutions (or rotations) per minute

RPS

Revolutions (or rotations) per second

RPT

Repeat

RQRD

Required

RRT

Regional Response Team

RS

Register of Shipping of the Russia-- Russian Classification Society-

RT

Right time of ship departure/arrival; Rye terms

RTBA

Rate to be agreed

RTD

Round trip distance

RV

Round voyage

RVNX

Abbreviation for Released Value Not Exceeding. Usually used to limit the value of goods transported.The limitation refers to carrier liability when paying a claim for lost or damaged goods.

RWA

Returned Without Action

RYC

Reference Your Cable...(date)

RYTLX

Reference Your TeLeX...(date)

Radar Platform

A platform for operating radar equipment from

Radio Station Vessel

A vessel specifically adapted for used as a radio broadcasting station

Rag Top

A slang term for an open-top trailer or container with a tarpaulin cover

Rail Division

The amount of money an ocean carrier pays to the railroad for overland carriage.

Rail Grounding

The time that the container was discharged (grounded) from the train.

Rail Vehicles Carrier

A single or multi deck cargo ship with rails for the carriage of rail vehicles which are loaded via ramps

Ramp

Railroad terminal where containers are received or delivered and trains loaded or discharged. Originally, trailers moved onto the rearmost flatcar via a ramp and driven into position in a technique known as circus loading. Most modern rail facilities use lifting equipment to position containers onto the flatcars.

Ramp-to-Door

A movement where the load initiates at an origin rail ramp and terminates at a consignee's door.

Ramp-to-Ramp

A movement of equipment from an origin rail ramp to a destination rail ramp only.

Rank in Person

The personal rank that a Foreign Service officer maintains even when occupying a job of higher or lower rank.

Rate Basis

A formula of the specific factors or elements that control the making of a rate. A rate can be based on any number of factors (i.e., weight, measure, equipment type, package, box, etc.).

Rds

Roads

Rds.

Roads

Reasonableness

Under ICC and common law, the requirement that a rate not be higher than is necessary to reimburse the carrier for the actual cost of transporting the traffic and allow a fair profit.

Rebate

An illegal form of discounting or refunding that has the net effect of lowering the tariff price. See also Malpractice.

Recap

Recapitulation

Received for Shipment B/L

Validated at time cargo is received by ocean carrier to commence movement but before being validated as Onboard.

Reciprocal Defense Procurement Memoranda of U

Reciprocal memoranda of understanding (MOU) are broad bilateral umbrella MOUs that seek to reduce trade barriers on defense procurement. They usually call for the waiver of buy national restrictions, customs and duties to allow the contractors of the signatories to participate, on a competitive basis, in the defense procurement of the other country. These agreements were designed in the late 1970's to promote rationalization, standardization, and interoperability of defense equipment within NATO. At that time, the MOU's were also intended to reduce the large defense trade advantage the United States possessed over the European allies. The first agreements were signed in 1978.

Reciprocity

The reduction of a country's import duties or other trade restraints in return for comparable trade concessions from another country. Reciprocity includes the lowering of customs duties on imports in return for tariff concessions from other countries; the negotiated reduction of a country's import duties or other trade restraints in return for similar concessions from another country. Reciprocity is a traditional principle of GATT trade negotiations that implies an approximate equality of concessions accorded and benefits received among or between participants in a negotiation. In practice this principle applies only in negotiations between developed countries. Because of the frequently wide disparity in their economic capacities and potential, the relationship between developed and developing countries is generally not one of equivalence. The concept of relative reciprocity has emerged to characterize the practice by developed countries to seek less than full reciprocity from developing countries in trade negotiations. Red Clause - An Authorization in a commercial letter of credit authorizing the advising/negotiating bank to make a limited advance to the seller before the shipment to the buyer is made. Such advances can be made up to 100% of the shipment value. These advances enable the seller to procure supplies for manufacturing or shipment. Negotiations of Red Clause credits are restricted to the bank making the advances in order to assure that proceeds from the shipment are used to repay the advances

Reconciled B/L

B/L set which has completed a prescribed number of edits between the shippers instructions and the actual shipment received. This produces a very accurate B/L

Reconsignment

Changing the consignee or destination on a bill of lading while shipment is still in transit. Diversion has substantially the same meaning.

Recourse

A right claim against the guarantors of a loan or draft or bill of exchange

Red Clause

An Authorization in a commercial letter of credit authorizing the advising/negotiating bank to make a limited advance to the seller before the shipment to the buyer is made. Such advances can be made up to 100% of the shipment value. These advances enable the seller to procure supplies for manufacturing or shipment. Negotiations of Red Clause credits are restricted to the bank making the advances in order to assure that proceeds from the shipment are used to repay the advances

Red Label

A label required on shipments of flammable articles.

Reexports

For export control purposes: the shipment of U.S. origin products from one foreign destination to another. For statistical reporting purposes: exports of foreign-origin merchandise which have previously entered the United States for consumption or into Customs bonded warehouses for U.S. Foreign Trade Zones.

Ref.

Refrigerating machinery

Refined Sugar Carrier

A single deck cargo vessel for the carriage of refined sugar. Sugar is loaded in bulk and bagged in transit (BIBO - Bulk In - Bag Out)

Refrigerated Cargo Ship

A multi deck cargo ship for the carriage of refrigerated cargo at various temperatures

Reinst.

Reinstatement

Related Points

A group of points to which rates are made the same as or in relation to rates to other points in group.

Relay

To transfer containers from one ship to another when both vessels are controlled by the same network (carrier) manager.

Remittance

Funds sent by one person to another as payment.

Repair Vessel, Naval Auxiliary

A naval auxiliary vessel for general work and repair operations

Replenishment Dry Cargo Vessel

A naval auxiliary vessel for homogenous dry cargo

Replenishment Tanker

A naval auxiliary vessel. Designed for fuel, lubricants & general stores for transfer to warships at sea.

Request/Offer

A negotiating approach whereby requests are submitted by a country to a trading partner identifying the concessions another seeks through negotiations. Compensating offers are similarly tabled and negotiated by delegates of the countries involved.

Research Survey Vessel

A vessel equipped for research and/or survey (e.g. geophysical, hydrographic)

Research Vessel, Naval Auxiliary

A research vessel for Naval support

Research, Inland Waterways

A vessel designed for research. Not designed for operation in open sea

Reserve Tranche

Member countries of the International Monetary Fund (IMF) have a reserve tranche position to the extent that their quotas exceed the IMF's holdings of its currency in the General Resources Account, excluding holdings arising out of purchases made by the member under all policies on the use of the IMF's general resources. A member may purchase up to the full amount of its reserve tranche at any time, subject only to the requirement of balance of payments need. A reserve tranche position does not constitute a use of IMF credit and is not subject to charges or to an expectation or obligation to repurchase. See: International Monetary Fund

Residual Restrictions

Quantitative restrictions that have been maintained by governments before they became contracting parties to GATT and, hence, permissible under the GATT grandfather clause. Most of the residual restrictions still in effect are maintained by developed countries against the imports of agricultural products.

Restaurant Vessel, Stationary

A stationary vessel used as a floating restaurant.

Restricted

A condition within the letter of credit which restricts its negotiation to a named bank.

Restricted Articles

Articles handled only under certain conditions.

Restrictive Business Practices

Actions in the private sector, such as collusion among the largest international suppliers, designed to restrict competition so as to keep prices relatively high

Retaliation

Action taken by a country whose exports are adversely affected by the raising of tariffs or other trade restricting measures by another country. The GATT permits an adversely affected contracting party (CP) to impose limited restraints on imports from another CP that has raised its trade barriers (after consultations with countries whose trade might be affected). In theory, the volume of trade affected by such retaliatory measures should approximate the value of trade affected by the precipitating change in import protection.

Returned Without Action

For export control purposes: the return of a license application without action is used when the application is incomplete, additional information is required, or the product is eligible for a General License.

Revenue Ton (RT)

A ton on which the shipment is freighted. If cargo is rated as weight or measure (W/M), whichever produces the highest revenue will be considered the revenue ton. Weights are based on metric tons and measures are based on cubic meters. RT=1 MT or 1 CBM.

Reverse IPI

An inland point provided by an allwater carrier's through bill of lading in the U.S. by first discharging the container in an East Coast port.

Reverse Preferences

Tariff advantages once offered by developing countries to imports from certain developed countries that granted them preferences. Reverse preferences characterized trading arrangements between the European Community and some developing countries prior to the advent of the Generalized System of Preferences (GSP) and the signing of the Lome Convention.

Revocable

An instrument that can be modified or cancelled at any moment without notice to and agreement of the beneficiary, but customarily includes a clause in the credit to the effect that any draft negotiated by a bank prior to the receipt of a notice of revocation or amendment will be honored by the issuing bank. Rarely used since there is no protection for the seller

Revocable Letter of Credit

A letter of credit which can be cancelled or altered by the drawee (buyer) after it has been issued by the drawee's bank.

Revocation of Antidumping Duty Order & Termin

An antidumping duty order may be revoked or a suspended investigation may be terminated upon application from a party to the proceeding. Ordinarily the application is considered only if there have been no sales at less than fair value for at least the two most recent years. However, the International Trade Administration may on its own initiative revoke an antidumping duty order or terminate a suspended investigation if there have not been sales at less than fair value for a period of 3 years. See: Tariff Act of 1930.

Revolving

An irrevocable letter issued for a specific amount; renews itself for the same amount over a given period

RightShip

RightShip is a boutique ship vetting specialist, promoting safety and efficiency in the global maritime industry, including drybulk.

Rio Group

The Rio Group is a political forum of Latin American and Caribbean countries which promotes regional political, economic and social cooperation. The Group is comprised of 13 countries, including 11 permanent members: Argentina, Bolivia, Brazil, Colombia, Chile, Ecuador, Mexico, Paraguay, Peru, Uruguay and Venezuela and two rotating members which representing the Central American countries and the Caribbean nations.

Ro-Ro Cargo Ship

A single or multi deck cargo ship for the carriage of laden vehicles which are loaded via ramps

Ro-Ro Cargo Ship, Inland Waterways

A vessel designed for the transportation of Ro-Ro Cargo. Not designed for operation in open sea

Ro/Ro

A shortening of the term, Roll On/Roll Off. A method of ocean cargo service using a vessel with ramps which allows wheeled vehicles to be loaded and discharged without cranes.

Roads

Anchorage Area

Rocket Launch Support Ship

A vessel equipped to transport rocket sections to isolated launch sites

Roll

To re-book cargo to a later vessel.

Roll-on/Roll-off vessels

Ships specially designed to carry wheeled containers or trailers using interior ramps

Rollback

Rollback refers to an agreement among Uruguay Round participants to dismantle all trade-restrictive or distorting measures that are inconsistent with the provisions of the GATT. Measures subject to rollback would be phased out or brought into conformity within an agreed timeframe, no later than by the formal completion of the negotiations. The rollback agreement is accompanied by a commitment to standstill on existing trade-restrictive measures. Rollback is also used as a reference to the imposition of quantitative restrictions at levels less than those occurring in the present

Rolling

The side-to-side (athwartship) motion of a vessel.

Rotn. no.

Rotation number

Rounds

Cycles of multilateral trade negotiations under GATT, culminating in simultaneous agreements among participating countries to reduce tariff and non-tariff trade barriers. - 1st Round: 1947, Geneva (creation of the GATT) - 2nd Round: 1949, Annecy, France (tariff reduction) - 3rd Round: 1951, Torquay, England (accession & tariff reduction) - 4th Round: 1956, Geneva (accession and tariff reduction) - 5th Round: 1960-62, Geneva (Dillon Round; revision of GATT; addition of more countries) - 6th Round: 1964-67, Geneva (Kennedy Round) - 7th Round: 1973-79, Geneva (Tokyo Round) - 8th Round: 1986-93, Geneva (Uruguay Round)

Route

The manner in which a shipment moves; i.e., the carriers handling it and the points at which the carriers interchange.

Running Gear

Complementary equipment for terminal and overtheroad handling containers.

Russian Project Finance Bank

The RPFB is a new financial institution set up with the assistance of the European Community. The Bank is intended to develop efficient financial systems in Russia capable of channeling foreign and domestic investment into priority areas by providing medium and long-term financial and high quality investment banking advisory services to businesses.

Russian Union of Industrialists and Entrepren

RUIE promotes commerical links between Western firms and Soviet defense firms. The Union, an independent agency created by the Russian Central government, consists of hundreds of major entreprises and associations.