Glossary

A complete glossary of terms for international trade on Exporting and Importing.
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

HAGUE VISBY RULES

The Hague-Visby Rules are a set of international rules for the carriage of goods by sea. The official title is "International Convention for the Unification of Certain Rules of Law relating to Bills of Lading" and was drafted in Brussels in 1928. The rules were amended in 1968 at which time they became the Hague Visby Rules.

HAWB ( HOUSE AIR WAYBILL)

Issued by a freight forwarder to a shipper as a receipt for goods which will be shipped with other cargo as one consignment to obtain better freight rates. The airline's AWB shows the forwarder as the consignor, and the name of forwarder's agent at the destination as the consignee. Although it is not a complete document of title, a forwarder's AWB has a legal-standing similar to that of a carrier's AWB.

HS CODE HARMONISED SYSTEM CODE)

An international system of classifying and describing goods. The HS is managed by the World Customs Organisation (WCO). In the European Union it is embodied in the Tariff.