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Warehouse Receipt
Categories:
  • Term/Acronym
  • Document
  • U.S. Export-Related
A warehouse receipt is a document that provides proof of ownership of commodities (e.g., bars of copper) that are stored in a warehouse, vault, or depository for safekeeping. Warehouse receipts may be negotiable or non-negotiable. Negotiable warehouse receipts allow transfer of ownership of that commodity without having to deliver the physical commodity. Most warehouse receipts are issued in negotiable form, making them eligible as collateral for loans. Non-negotiable receipts must be endorsed upon transfer. Warehouse receipts are regulated by the Uniform Warehouse Receipts Act. Warehouse receipts also guarantee existence and availability of a commodity of a particular quantity, type, and quality in a named storage facility. It may also show transfer of ownership for immediate delivery or for delivery at a future date. Rather than delivering the actual commodity, negotiable warehouse receipts are used to settle expiring futures contracts. Warehouse receipts may also indicate ownership of inventory goods and/or unfinished goods stored in a warehouse by a manufacturer or distributor.



   

Warsaw Convention
Categories:
  • Term/Acronym
  • Multilateral/International
  • Product-Specific
The Convention for the Unification of Certain Rules Relating to International Carriage by Air, signed at Warsaw, 12 October 1929, or that Convention as amended by the Hague Protocol,1955, stipulating obligations or parties and limitations and/or exonerations of carriers (air cargo).



   

Wassenaar Arrangement
Categories:
  • Term/Acronym
  • U.S. Export-Related
  • Multilateral/International
  • National Security
The Wassenaar Arrangement on Export Controls for Conventional Arms and Dual-Use Goods and Technologies, the first global multilateral arrangement covering both conventional weapons and sensitive dual-use goods and technologies, received final approval by 33 co-founding countries in July 1996 and began operations in September 1996. As a means of contributing to international and regional security and stability, the Arrangement was designed to prevent destabilizing accumulations of arms and dual-use goods and technologies by establishing a process of transparency, consultation and, where appropriate, encouraging national policies of restraint, and by promoting greater responsibility and accountability in transfers of arms and dual-use goods and technologies.

Bureau of Industry & Security (BIS),USDOC

   

Waybill
Categories:
  • Term/Acronym
  • Document
  • U.S. Export-Related
Waybill is an official shipping document that travels with a shipment, identifies its consignor, consignee, origin and destination, describes the goods, and shows their weight and freight. Prepared by the shipping company for its internal record and control, it is neither a contract of carriage nor a negotiable instrument. Common types of waybills include (1) Astray waybill, for shipment that was miscarried or got separated from its original waybill. (2) Blanket waybill, for covering two or more shipments with one document, and (3) Interline waybill, for covering handling of a shipment by two or more carriers.



   

WCO
Categories:
  • Term/Acronym
  • Organization/Agency/Entity
  • Multilateral/International
The World Customs Organization (WCO) is the only intergovernmental organisation exclusively focused on Customs matters. With its worldwide membership, the WCO is now recognised as the voice of the global Customs community. It is particularly noted for its work in areas covering the development of global standards, the simplification and harmonisation of Customs procedures, trade supply chain security, the facilitation of international trade, the enhancement of Customs enforcement and compliance activities, anti-counterfeiting and piracy initiatives, public-private partnerships, integrity promotion, and sustainable global Customs capacity building programmes. The WCO also maintains the international Harmonized System goods nomenclature, and administers the technical aspects of the WTO Agreements on Customs Valuation and Rules of Origin.

World Customs Organization (WCO)

   

WIPO
Categories:
  • Term/Acronym
  • Organization/Agency/Entity
  • Multilateral/International
  • Intellectual Property Rights
The World Intellectual Property Organization (WIPO) is a specialized agency of the United Nations. It is dedicated to developing a balanced and accessible international intellectual property (IP) system, which rewards creativity, stimulates innovation and contributes to economic development while safeguarding the public interest. WIPO was established by the WIPO Convention in 1967 with a mandate from its Member States to promote the protection of IP throughout the world through cooperation among states and in collaboration with other international organizations. Its headquarters are in Geneva, Switzerland.

World Intellectual Property Organization (WIPO)

   

WIPO Convention
Categories:
  • Term/Acronym
  • Treaty/Convention/Agreement
  • Multilateral/International
  • Intellectual Property Rights
The WIPO Convention, the constituent instrument of the World Intellectual Property Organization (WIPO), was signed at Stockholm on July 14, 1967, entered into force in 1970 and was amended in 1979. WIPO is an intergovernmental organization that became in 1974 one of the specialized agencies of the United Nations system of organizations. The origins of WIPO go back to 1883 and 1886 when the Paris Convention for the Protection of Industrial Property and the Berne Convention for the Protection of Literary and Artistic Works, respectively, were concluded. Both Conventions provided for the establishment of an “international bureau. The two bureaus were united in 1893 and, in 1970, were replaced by the World Intellectual Property Organization, by virtue of the WIPO Convention. WIPO has two main objectives. The first is to promote the protection of intellectual property worldwide. The second is to ensure administrative cooperation among the intellectual property Unions established by the treaties that WIPO administers.

World Intellectual Property Organization (WIPO)

   

WIPO Copyright Treaty
Categories:
  • Term/Acronym
  • Law/Act/Regulation
  • Treaty/Convention/Agreement
  • Multilateral/International
  • Intellectual Property Rights
The WCT is a special agreement under the Berne Convention. Any Contracting Party (even if it is not bound by the Berne Convention) must comply with the substantive provisions of the 1971 (Paris) Act of the Berne Convention for the Protection of Literary and Artistic Works (1886) . Furthermore, the Treaty mentions two subject matters to be protected by copyright: (i) computer programs, whatever may be the mode or form of their expression, and (ii) compilations of data or other material (“databases”), in any form, which by reason of the selection or arrangement of their contents constitute intellectual creations. (Where a database does not constitute such a creation, it is outside the scope of this Treaty.)

World Intellectual Property Organization (WIPO)

   

WPA
Categories:
  • Term/Acronym
  • U.S. Export-Related
  • U.S. Import-Related
  • Standard (Technical/Health/Safety)
WPA - With Particular Average: 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, leakage and breakage, or other perils depending on the nature of the cargo.



   

WTO
Categories:
  • Term/Acronym
  • Organization/Agency/Entity
  • Multilateral/International
World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations. At its heart are the WTO agreements, negotiated and signed by the bulk of the world’s trading nations and ratified in their parliaments. The goal is to help producers of goods and services, exporters, and importers conduct their business.

World Trade Organization (WTO)

   

WTO Agreement on Subsidies and Countervailing Measures
Categories:
  • Term/Acronym
  • Law/Act/Regulation
  • Treaty/Convention/Agreement
  • Multilateral/International
The WTO Agreement on Subsidies and Countervailing Measures disciplines the use of subsidies, and it regulates the actions countries can take to counter the effects of subsidies. Under the agreement, a country can use the WTO’s dispute-settlement procedure to seek the withdrawal of the subsidy or the removal of its adverse effects. Or the country can launch its own investigation and ultimately charge extra duty (“countervailing duty”) on subsidized imports that are found to be hurting domestic producers. countries can take to counter the effects of subsidies. Under the agreement, a country can use the WTO.

World Trade Organization (WTO)

   


 
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