| |
|
| R.
& C. |
Rail and Canal |
| R.
& C.C. |
Riots and civil commotions. |
| R.C.C.
& S. |
Riots, civil commotions and strikes. |
| R/C |
Reconsigned. |
| Rebate |
A deduction taken from a set payment
or charge. As a rebate is given after payment of the
full amount has been made, it differs from a discount
which is deducted in advance of the payment. In foreign
trade, a full or partial rebate may be given on import
duties paid on goods which are later re-exported. |
| Reciprocity |
A practice by which governments
extend similar concessions to one another. |
| Red
Clause Letter of Credit |
A letter of credit that allows
the exporter to receive a percentage of the face value
of the letter of credit in advance of shipment. This
enables the exporter to purchase inventory and pay
other costs associated with producing and preparing
the export order. |
| REFG. |
Refrigerating; Refrigeration |
| Regs. |
Registered Tonnage. |
| Retaliation |
Action taken by a country to restrain
its imports from another country that has increased
a tariff or imposed other measures that adversely affects
the firsts country's exports. |
| RORO
(Roll On-Roll Off) |
Direct drive on/drive off wheeled
vehicles on specially-designed ocean-going vessels. |
| Route |
An established air passage, from
point of departure to terminating station. |
| Royalty |
A charge on charter flights levied
by some governments before traffic rights are granted.
Sometimes called a "no objection fee." Usually
a fixed proportion of a total charter value. |
