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Importers Manual, Glossary of Technical Terms
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Importers Manual USA
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GLOSSARY OF TECHNICAL TERMS
acceptance credit
Refer to usance credit in "Importers Manual, Documentary Credits".
accepted draft
Bill of exchange accepted by the drawee (acceptor) by putting his
signature
(acceptance) on its face. In doing so, he commits himself to pay the
bill
upon presentation at maturity.
all risks
Extensive insurance cover, but usually excluding special risks (such
as
risks of war and strikes or perishing of the goods).
analysis certificate
Confirmation concerning the chemical analysis of the goods, issued
by a
competent organization.
aval
Joint and several guarantee on the draft of a person or firm, usually
for
the drawee, where the ...