W

Winter loadline mark;World Scale

W.A.

With Average

W.B.

Water ballast, Warehouse Book, Way Bill

W.B./E.I.

West Britain/East Ireland

W.C.

West Coast

W.C.I.

World Confederation of Labor

W.C.S.A.

West coast of South America

W.D.F.

Wireless direction finder

W.E.C.M.

Warranted existing class maintained

W.E.U.

Western European Union

W.F.T.U.

World Federation of Trade Unions

W.H.O.

World Health Organization

W.M. (W/M)

Abbreviation for Weight or Measurement; the basis for assessing freight charges. Also known as worm. The rate charged under W/M will be whichever produces the highest revenue between the weight of the shipment and the measure of the shipment.

W.M.O.

World Meteorological Organization

W.N.A.

Winter North Atlantic

W.P.A.

With particular average

W.R.

Warehouse receipts

W.R.T.D.

Without reference to date

W.T.B.A.

Wording to be agreed

W.T.L.

Western Truck Lines.

W/A

West Africa

W/I

Within

W/M

Weight and /or Measurement

W/W

Warehouse warrant

W/d

Warranted

WA

WAter

WACH

West African Clearing House

WADB

West African Development Bank

WAEC

West African Economic Community

WAF

West Africa

WAG

West Asia gulf

WAOB

World Agricultural Outlook Board

WAR RISK INSURANCE

Insurance issued by marine underwriters against war-like operations specifically described in the policy. In former times, war risk insurance was taken out only in times of war, but currently many exporters cover most of their shipments with war risk insurance as a protection against losses from derelict torpedoes and floating mines placed during former wars, and also as a safeguard against unforeseen warlike developments. In the U.S.A., war risk insurance is written in a separate policy from the ordinary marine insurance; it is desirable to take out both policies with the same underwriter in order to avoid the ill effects of a possible dispute between underwriters as to the cause (marine peril or war peril) of a given loss.

WARC

World Administrative Radio Conference

WAREHOUSE RECEIPT

A receipt of commodities deposited in a warehouse identifying the commodities deposited. It is non-negotiable if permitting delivery only to a specified person or firm, but it is negotiable if made out to the order of a person or firm or to a bearer. Endorsement (without endorsement if made out to bearer) and delivery of a negotiable warehouse receipt serves to transfer the property covered by the receipt. Warehouse receipts are common documents in international banking.

WAREHOUSE-TO-WAREHOUSE

the goods while in transit between the initial point of shipment and the point of destination with certain limitations, and also subject to the law of insurable interest. The warehouse-to-warehouse clause was once extremely important, but marine extension clauses now often override its provisions.

WARRANTIES (1) EXPRESSED WARRANTY:

An agreement written in a marine underwriter's insurance policy which must be strictly and literally complied with. A violation voids the insurance, e.g., trading warranties. (2) Implied Warranty: - Fundamental conditions implied in a contract of marine insurance are seaworthiness of the vessel and the legality of the venture.

WATCH

The day at sea is divided into six four-hour periods. Three groups of watchstanders are on duty for four hours and then off for eight, then back to duty. Seamen often work overtime during their off time.

WB

Water ballast; Waybill

WBT

Water Ballast Tank

WC

West coast

WCA

West Coast Africa

WCCOM

Whether (in) customs cleared (clearance) or not

WCCON

Whether Cleared Customso r Not

WCD

Worst Case Discharge

WCI

West Coast India

WCL

World Confederation of Labor

WCNA

West Coast of North America

WCSA

West coast of South America

WCUK

West Coast United Kingdom

WCUS

West Coast United States

WCYO

What Can You Offer

WCYP

What Can You Propose

WD

Working days

WE/EI

West Britain/East Ireland

WECCON

Whether entered customs clearance or not

WECHON

Whether entered customs house or not

WECON

Whether entered (in) Customs of not

WEIGHT

(1) GrossThe weight of the goods including packing, wrappers, or containers, both internal and external. The total weight as shipped. (2) Net - The weight of the goods themselves without the inclusion of any wrapper. (3) Tare - The weight of the packaging or container. (4) Weight/Measurement Ton - In many cases, a rate is shown per weight/measurement ton, carrier's option. This means that the rate will be assessed on either a weight ton or measurement ton basis, whichever will yield the carrier the greater revenue. For example, the rate may be quoted based on 2,240 pounds, 40 cubic feet, one metric ton, or one cubic meter. (5) Weight Ton There are three types of weight ton: the short ton, weighing 2,000 pounds; the long ton, weighing 2,240 pounds; and the metric ton weighing 2,204.68 pounds. The last is frequently quoted for cargo being exported from Europe.

WEIGHT LOAD FACTOR

Payload achieved as against available, expressed as a percentage. Volume rather than weight frequently limit cargo; load factors of 100 percent are rarely achieved.

WEIGHT, LEGAL

Net weight of goods plus the inside packing.

WEST

Western Europe

WEU

Western European Union

WFA

With following alterations

WFC

World Food Council

WFDFI

World Federation of Development Financing Institutions

WFP

World Food Program

WH

World Health Organization

WHD

Per working (workable) hatch per day

WHT

Wheat

WHTC

Wordscale hours, terms and conditions

WIBON

Whether In Berth or Not.

WICCON

Whether (in) customs cleared (clearance) or not

WIFPON

Whether in Free Pratique or Not

WIP

World Intellectual Property Organization

WIPON

Whether in Port Or Not

WIPPON

Whether in Port or Not

WITA

Wing Tank

WITH AVERAGE (WA)

A marine insurance term meaning that shipment is protected for partial damage whenever the damage exceeds a stated percentage.

WITH PARTICULAR AVERAGE (WPA)

An insurance term meaning that partial loss or damage of goods is insured. The damage generally must be caused by sea water, and many terms specify a minimum percentage of damage before payment. It may be extended to cover loss by theft, pilferage, delivery, leakage, and breakage.

WITHOUT RESERVE

A term indicating shipper's agent or representative is empowered to make definitive decisions and adjustments abroad without approval of the group or individual represented. (See Advisory Capacity)

WL

Waterline

WLTHC

Waterline to top of hatch coaming

WLTM

Water level to manifold

WLTOHC

Water Line-To-Hatch Coaming

WM

World Meteorological Organization

WNA

Winter North Atlantic loadline mark

WOB

Washed overboard

WOG

Without Guarantee

WORLDSCALE

An index representing the cost of time chartering a tanker for a specific voyage at a given time. The index is given at Worldscale 100, which represents the price in dollars per ton for carrying the oil at that rate. The negotiated rate will be some percentage of the index value.

WP

Weather Permitting

WPA

Abbreviation for With Particular Average.

WPD

Weather Permitting Day

WR

War risks

WRD

Wide Range Destillate

WRIC

Wire Rods In Coils

WS

World Scale

WSHTC

Worldscale Hours Terms and Conditions

WSNP

Weather And Safe Navigation Permitting

WT

World Tourism Organization, World Trade Organization

WTDR

World Trade Data Report

WTM

World Tourism Market

WTS

Working time saved

WTSBE

Working time saved both ends

WTSBENDS

Working time saved both ends

WVNS

Within Vessel's natural segregation

WW

Weather Working; World Wide

WWAWIWL

Worldwide and always within Institute Warranty Limits

WWD

Weather Working Days.

WWDSHEX

Weather working days, Sundays and holidays excluded

WWF

Waterside Workers' Federation

WWR

When, Where, Ready

War Risk

Insurance coverage for loss of goods resulting from any act of war.

Warehouse

A place for the reception, delivery, consolidation, distribution, and storage of goods/cargo.

Warehouse Entry

Document that identifies goods imported when placed in a bonded warehouse. The duty is not imposed on the products while in the warehouse but will be collected when they are withdrawn for delivery or consumption.

Warehouse Withdrawal for Transportation (WDT)

Allows merchandise that has been withdrawn from a bonded warehouse at one port to be transported in bond to another port, where a superseding entry will be filed.

Warehouse Withdrawal for Transportation Expor

Allows merchandise that has been withdrawn from a bonded warehouse at one port to be transported in bond through the U.S. to be exported from another port, without paying duty.

Warehouse Withdrawal for Transportation Immed

Allows merchandise that has been withdrawn from a bonded warehouse at one U.S. port to be exported from the same port exported without paying duty.

Warehousing

The storing of goods/cargo.

Warranty

The declaration given by an owner that action has or will be taken to ensure that his vessel complies with International, statutory, or company requirements. (It requires a degree of trust in its use - an owner found to have broken a warranty might gain

Waste Disposal Vessel

A vessel equipped for the transportation, treatment and/or (now illegal) discharge at sea of waste material

Water Jet Dredger

A vessel equipped to inject water into settled sediment which then moves under the influence of gravity and/or density gradients

Water Jet Dredging Pontoon

A non propelled dredger pontoon equipped to inject water into settled sediment which then moves under the influence of gravity and/or density gradients

Water Tank Barge, non propelled

A non propelled tank barge for the carriage of water

Water Tanker

A tanker for the bulk carriage of water

Water Tanker Barge, propelled

A self propelled tanker barge for the bulk carriage of water

Water Tanker, Inland Waterways

A tanker for the bulk carriage of water which is not suitable for trading in open waters

Water Tanker, Naval Auxiliary

A naval auxiliary vessel. Designed for the carriage of bulk water in tanks expressly for naval support

Waybill (WB)

A document prepared by a transportation line at the point of a shipment; shows the point of the origin, destination, route, consignor, consignee, description of shipment and amount charged for the transportation service. It is forwarded with the shipment or sent by mail to the agent at the transfer point or waybill destination. Abbreviation is WB. Unlike a bill of lading, a waybill is NOT a document of title.

Wdg.

Wording

Weapons Trials Vessel

A naval auxiliary vessel for testing and conducting trails on any weapon systems

Webb-Pomerene Association

Associations engaged in exporting that combine the products of similar producers for overseas sales. These associations have partial exemption from U.S. anti-trust laws but may not engage in import, domestic or third country trade or combine to export services

Weight Cargo

A cargo on which the transportation charge is assessed on the basis of weight.

Weights and Measures

Measurement ton 40 cubic ft or one cubic meter. Net ton, or short ton 2,000 lbs. Gross ton/long ton 2,240 lbs. Metric ton/kilo ton 2,204.6 lbs. Cubic meter 35.314 cubic ft.

Well Car

Also known as stack car. A drop-frame Rail flat car.

Well Stimulation Vessel

A vessel primarily equipped to maximize oil production from a well

West Africa Economic Community

CEAO (French: Communaute Economique de l'Afrique de l'Ouest), created in 1974, includes: Benin, Burkina Faso, Cote d'Ivoire, Mali, Mauritania, Niger, and Senegal. (Togo has observer status). The CEAO operates as a free trade area for agricultural products and raw materials and as a preferential trading area for approved industrial products, with a regional cooperation tax (TCR) replacing import duties and encouraging trade among members. A Community fund (FOSIDEC) promotes private lender Community participation in advancement of the Community's least developed nations (Burkina Faso, Mali, Mauritania, and Niger). CEAO envisions eventual creation of a customs union and coordination of fiscal policies. Community headquarters are in Ouagadougou, Burkina Faso

West Africa Rice Development Association

WARDA conducts research on rice improvement in mangrove swamps, inland swamps, upland conditions, and irrigated conditions. The Association is one of several centers associated with the Consultative Group on International Agricultural Research. WARDA was established in 1970; headquarters are in Bouake, Cte d'Ivoire. Members include 16 West African countries: Benin, Burkina Faso, Chad, Cte d'Ivoire, Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Mauritania, Niger, Nigeria, Senegal, Sierra Leone, and Togo. See: Consultative Group on International Agricultural Research. West African Clearing House - WACH (French: Chambre de Cooperation de l'Afrique de l'Ouest, CCAO) provides settlement of payments services among central bank and other monetary authorities in West Africa. WACH was established in 1975 (began operations in 1976); headquarters are in Freetown, Sierra Leone. Membership includes the Central Bank of West African States (representing Benin, Burkina Faso, Cte d'Ivoire, Mali, Niger, Senegal, and Togo) as well as The Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mauritania, Nigeria, and Sierra Leone

West African Development Bank

The West African Development Bank, WADB, (French: Banque Quest-Africaine de Developpement, BOAD) promotes regional economic development and integration in West Africa. The Bank was established in 1973 (began operations in 1976); headquarters are in Lome, Togo. WADB members include: Benin, Burkina Faso, Cte d'Ivoire, Mali, Niger, Senegal, and Togo.

West African Monetary Union

WAMU (French: Union Monetaire Quest Africaine, UMOA) began operation in 1963 and was revised in 1973. The Union comprises seven French-speaking African countries: Benin, Burkina Faso, Cote d'Ivoire, Mali, Niger, Senegal, and Togo which share a: (a) central bank (Banque Centrale des Etats de l'Afrique de l'Ouest) which coordinates the Union's monetary and credit policies; (b) common currency (CFA Franc) which is freely convertible into the French Franc at a fixed parity; and (c) a common regional development bank, the West African Development Bank. WAMU headquarters are in Daka, Senegal.

Western European Union

The WEU was created in October 1954 (began operations in May 1955) to promote mutual defense and progressive political unification of its members. The Union, which serves interests between those furthered by the European Economic Community and the North Atlantic Treaty Organization, has faced the need to change and has become focused on three missions: humanitarian aid, peacekeeping, and crisis management and some peace enforcement considerations. Membership, which included Belgium, France, Germany, Italy, Luxembourg, the Netherlands, Portugal, Spain, the United Kingdom, has been increasing toward approximately 40 nations as a result of negotiations on membership or associate status with Greece, Turkey, Norway, Iceland, Denmark, and Ireland. WEU headquarters moved from London, England to Brussels, Belgium in December 1992.

Wf.

Wharf

Whale Catcher

A vessel equipped for catching whales

Wharfage

A charge assessed by a pier or dock owner for handling incoming or outgoing cargo.

Wharfage (Whfge.)

Charge assessed by a pier or dock owner against freight handled over the pier or dock or against a steamship company using the pier or dock.

Wind Turbine Installation Vessel

A vessel equipped for the installation of wind turbines in shallow waters

Wind Turbine Installation Vessel (semi sub)

A semi submersible vessel equipped for the installation of wind turbines in shallow waters

Wind Turbine Vessel

A vessel fitted with wind turbines to generate electricity

Windy Booking

A freight booking made by a skipper or freight forwarder to serve space but not actually having a specific cargo at the time the booking is made. Carriers often overbook a vessel by 10 to 20 percent in recognition that windy booking cargo will not actually ship.

Wine Tanker

A cargo ship designed for the bulk transport of Wine in tanks. Tanks will be stainless steel or lined. New vessels will be classified as chemical carriers

Wing In Ground Effect Vessel

A vessel designed to run at high speed using foils to create an air cushion raising the vessel just off the waters surface

With Average

A marine insurance term meaning that a shipment is protected from partial damage whenever the damage exceeds 3 percent (or some other percentage). If the ship is involved in a major catastrophe, such as a collision, fire or stranding, the minimum percentage requirement is waived and the insurance company pays for all of the damage.

Without Recourse

A phrase preceding the signature of a drawer or endorser of a negotiable instrument; signifies that the instrument is passed onto subsequent holders without any liability to the endorser in the event of nonpayment or nondelivery.

Without Reserve

A term indicating that a shipper's agent or representative is empowered to make definitive decisions and adjustments abroad without approval of the group or individual represented.

Wood Chips Carrier, self unloading

A single deck cargo vessel with high freeboard for the carriage of wood chips. May be self discharging

Work/Maintenance Pontoon, non propelled

A non propelled pontoon used for working or maintenance functions

Work/Repair Vessel

A multi functional vessel for general work and repair operations

Working Copy

(Copy of Charter Party - not being signed and may contain unchecked errors

World Administrative Radio Conference

WARC refers to the conferences convened regularly by the United Nations' International Telecommunications Union (ITU) to allocate and regulate radio frequencies for the purposes of television and radio broadcasting, telephone data communications, navigation, maritime and aeronautical communication, and satellite broadcasting.

World Agricultural Outlook Board

The WAOB acts as the focal point for U.S. economic intelligence related to domestic and international food and agriculture. The Board coordinates and clears all commodity and aggregate agricultural and food-related data used to develop outlook and situation material within the Department of Agriculture. WAOB was established in 1977.

World Federation of Development Financing Ins

WFDFI (Spanish: Federacion Mundial de Instituciones Financieras de Desarollo, WFDFI) promotes improved technical operations of, and coordination among, worldwide development banking activities. Federation members include development financing institutions. The Federation was established in 1979; headquarters are in Madrid, Spain.

World Food Council

The WFC is a UN body which was created in December 1974 to help eliminate hunger and malnutrition. The Council monitors world food production, consumption, and trade patterns. The Council provides a forum for international discussion and assistance on ways of improving food production in developing countries and in increasing world food security. WFC headquarters are in Rome, Italy.

World Food Program

The WFP, created in 1963, is a United Nations program with headquarters in Rome, Italy. WFP administers the International Emergency Food Reserve and supports projects which incease agricultural production, nutrition, and social and economic development in developing countries.

World Health Organization

The WHO (French: Organisation Mondiale de la Sante, OMS) is a specialized agency of the United Nations which sets standards for the quality control of drugs, vaccines, and other substances affecting health. WHO was established in July 1946; headquarters are in Geneva, Switzerland. See: Codex Alimentarius Commission.

World Intellectual Property Organization

WIPO (French: Organisation Mondiale de la Propriete Intellectuelle, OMPI) promotes protection of intellectual property around the world through cooperation among states, and administers various Unions, each founded on a multilateral treaty and dealing with the legal and administrative aspects of intellectual property. The Organization was established in 1967 (came into force in 1970), and became a specialized agency of the United Nations in December 1974; headquarters are in Geneva, Switzerland.

World Intellectual Property Organization (WIP

One of the 15 'specialized agencies' of the United Nations system of organizations. WIPO, located in Geneva, is responsible for the promotion of the protection of intellectual property (copyrights, trademarks, patents) throughout the world through cooperation among states, and for the administration of various 'Unions,' each founded on a multilateral treaty and dealing with the legal and administrative aspects of intellectual property.

World Meteorological Organization

Originally established under another name in 1875, the WMO was reconstituted and renamed in 1951. The WMO facilitates worldwide cooperation in establishing a network for meteorological, hydrological, and geophysical observations, for exchanging meteorological and related information, and for promoting standardization in meteorological measurements. Organization headquarters are in Geneva, Switzerland.

World Tourism Organization

The WTO, associated with the United Nations, is an intergovernmental technical body dealing with all aspects of tourism. The Organization promotes and develops tourism as a means of contributing to economic development, international understanding, peace, and prosperity. The WTO provides a world clearing house for the collection, analysis, and dissemination of technical tourism information and it offers national tourism administrations and organizations a means for multilateral approaches to international discussions and negotiations on tourism policy and practice. The Organization was established in November 1974; headquarters are in Madrid, Spain.

World Trade Organization

Provisions to establish the WTO were reached in the Uruguay Round of the General Agreement on Tariffs and Trade (GATT). The WTO is scheduled to be established no later than 1997 as an international organization of comparable stature to the World Bank and the International Monetary Fund. The Organization is expected to facilitate implementation of trade agreements reached in the Uruguay Round by bringing them under one institutional umbrella, requiring full participation of all countries in one new trading system, and providing a permanent forum to discuss new issues facing the international trading system. The WTO system will be available only to countries which: (a) are contracting parties to the GATT, (b) agree to adhere to all of the Uruguay Round agreements, and (c) submit schedules of market access commitments for industrial goods, agricultural goods, and services

World Traders Data Reports

WTDR is an International Trade Administration fee-based service which provides a confidential background report on a specific foreign firm, prepared by commercial officers overseas. WTDRs provide information about the type of organization, year established, relative size, number of employees, general reputation, territory covered, language preferred, product lines handled, principal owners, financial references, and trade references. WTDRs include narrative information about the reliability of the foreign firm.

Wtd.

Warranted

Wties

Warranties

Wty

Warranty