UCP (Uniform Customs and Practice for Documentary Credits): Published
by the International Chamber of Commerce, this is the most frequently
used standard for making payments in international trade (paying
on Letters of Credit). It is most frequently referred to by its
shorthand title: UCP No. 500. This revised publication reflects
recent changes in the transportation and banking industries, such
as electronic transfer of funds.
UFC: Abbreviation for Uniform Freight Classification.
Ullage: The space not filled with liquid in a drum or tank.
UN/EDIFACT: United Nations EDI for Administration , Commerce
and Transport. EDI Standards are developed and support by the UN
for electronic message (data) interchange on an international level.
Uniform Customs and Practices for Documentary Credits (UPC): Rules
for letters of Credit drawn up by the Commission on Banking Technique
and Practices of the International Chamber of Commerce in consultation
with the banking associations of many countries.
Unit Load: Packages loaded on a pallet, in a crate or any pother
way that enables them to be handled at one time as a unit.
Unit Train: A train of a specified number of railcars, perhaps
100, which remain as a unit for a designated destination or until
a change in routing is made.
Unitization: The consolidation of a quantity of individual items
into one large shipping unit for easier handling. Loading one or
more large items of cargo onto a single piece of equipment, such
as a pallet.
Unloading: Removal of a shipment from a container to a platform
US Consular Invoice: A document required on merchandise imported
into the United States.