-
r.d.
- Running days
-
R.D.C.
- Running down clause
-
R.I.
- Registro Italiano
-
R.N.L.I.
- Royal National Life-boat Institution
-
r.o.b.
- Remain, -ing on board
-
R.O.D.
- Rust, oxidation and discolouration
-
R.P.
- Return premium
-
r.r.&i.
- Respective rights and interests
-
R.T.
- Rye terms
-
R/A
- Refer to acceptor
-
R/D
- Refer to drawer
-
R/p
- Return of post for orders
-
RACE
- Research in Advanced Communications in Europe
-
Rank in Person
- The personal rank that a Foreign Service officer maintains even when
occupying a job of higher or lower rank.
-
RBPs
- Restrictive Business Practices
-
RCS
- Regular Catalog Show
-
Rds.
- Roads
-
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.
-
Ref.
- Refrigerating machinery
-
register tonnage
- Volume of a ship expressed in tons.
-
Reinst.
- Reinstatement
-
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.
-
res.
- Residue, reserve
-
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.
-
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.
-
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 & Termination of Suspended Investigation
- 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.
-
ro-ro, roll-on roll-off
- System of loading and unloading a ship where the cargo is driven on and
off ramps.
-
ro/ro
- Roll-on/roll-off (of cargo loading and unloading)
-
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. See: Standstill.
-
rolling cargo
- Cargo on wheels that can be driven or towed on to a ship.
-
Rotn. no.
- Rotation number
-
RWA
- Returned Without Action
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