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Ad valorem

According to value. See Duty.

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ad valorem
Maritime; Ocean shipping

Latin for "according to the value. "(1) an ad valorem duty is an import duty based on the value of an article as defined in the customs law of a particular country, rather than on ...

ad valorem
Transportation; Boats & ships

Means 'at value'. A rate or tax on the freight based on the value of goods.

ad valorem
Transportation; Ocean shipping

A term from Latin meaning, “according to value. ” Import duty applied as a percentage of the cargo’s dutiable value.

ad valorem
Energy; Natural gas

Taxes imposed at a percent of a value.

ad valorem
Real estate; General

Latin for "according to value". Each property bears a tax burden according to its assessed value.

ad valorem
Transportation; Shipping

A term from Latin meaning, “according to value.” Import duty applied as a percentage of the cargo’s dutiable value.

United Nations Center for International Trade Law (UNCITRAL)
Economy; International trade

An international body that drafts model laws such as the one on government procurement.

Uruguay Round
Economy; International trade

Multilateral trade negotiations launched at Punta del Este, Uruguay in September 1986 and concluded in Geneva in December 1993. Signed by Ministers in Marrakesh, Morocco, in April ...

variable levy
Economy; International trade

Customs duty rate which varies in response to domestic price criterion.

voluntary restraint arrangement (VRA)
Economy; International trade

Bilateral arrangements whereby an exporting country (government or industry) agrees to reduce or restrict exports without the importing country having to make use of quotas, ...

waiver
Economy; International trade

Permission granted by WTO members allowing a WTO member not to comply with normal commitments. Waivers have time limits and extensions have to be justified.

Washington Treaty
Economy; International trade

Treaty for the protection of intellectual property in respect of lay-out designs of integrated circuits.

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