Logistics Terminology

Select a letter from the alphabet below to view a breakdown of the logistics terminology you may encounter when dealing with Woodland.

A - B - C - D - E - F - G - H - I - K - L - M - N - O - P - R - S - T - U - W - Z

UCP

Abbreviation for the "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; e.g., paying on a Letter of Credit. It is most frequently referred to by its shorthand title: UCP No. 500. A revised publication reflecting recent changes in the transportation and banking industries, such as electronic transfer of funds. UCP No. 600 will be introduced in July 2007.

UN/EDIFACT

United Nations EDI for Administration, Commerce and Transport. EDI Standards are developed and supported by the UN for electronic message (data) interchange on an international level.

Uniform Customs and Practices for Documentary Credits (UCP)

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. See Terms of Payment.