Common

abbreviations in IBCs
Table of contents
01 02 03
Concept Classification Case
Definition/Properties Categorization Analysis

04 05
Examples Application
Examples/Exercises Applying into practice
1. Concept
A touch on our basic idea
Abbreviation Definition
● An abbreviation is any shortened
or contracted form of a word or
phrase
● Abbreviation isn’t a new
invention

Properties
Differences between:
● Abbreviations
● Acronyms
● Initialisms
Usage of abbreviations
When we have been in our specific industry for any amount of
time, acronyms and abbreviations begin to creep up in our
everyday speech
o Acronyms and initialisms are used most often to abbreviate
names of organizations and long or frequently referenced terms​

o Business and industry are prolific coiners of acronyms and

initialisms
Abbreviatio
n
Pros Cons
 Save time x May destroy the origin of a language
 Create sense of x Loss of the initial meaning in
belonging translation
2. Classification
Classifying abbreviation
Incoterms
 Abbreviations in Incoterms
simplify and harmonize the
current practices and procedures

 Secure the quality, relevance and

availability of code sets and code
structures

 Accepted and used by

Governments, international
organizations and the global
business community
Terms of
Payment
 Considering that the standardization of terms of payment will contribute to the simplification of
international trade procedures

 Noting that no world-wide international forum for trade law has yet established such terms of payment

 Draws attention to the “PAYTERMS” corresponding to those conditions of payment which are the
most frequently used in international trade, which can be employed when the contract of sale to which
they relate makes this appropriate

 Recommends that the abbreviations shown in the list of “PAYTERMS” be used in such contracts
3. CaseOveruse of
abbreviation and
its alternatives
Abbreviation
The Romans discovered that
when space and time were
limited, long inscriptions could
be more easily accommodated on
parchment
Abbreviation
Although modern language favors
simplicity

many new words are

long, cumbersome and hard on the
ear
Abbreviation
James Gleick, an American author
and historian of science suggests that
the store of words is now being
exhausted, in an extension of the ‘law
of small numbers': there aren't
enough small numbers to meet the
many demands made of them
The rise of the acronym
 Acronym is in fact abbreviation,
but it is also pronounceable
 The first world war produced a
handful of acronyms
 The Second World War era
provided several useful and often
colorful acronyms
 The rise of the
acronym
 Acronym is in fact abbreviation,
but it is also pronounceable
 The first world war produced a
handful of acronyms
 The Second World War era
provided several useful and often
colorful acronyms
 4.
Examples 
Examples
 Destination port: Any Safe Suitable Port or Any Safe World Port (ASSP/ASWP)

 “CARRIER includes the air carrier issuing this air waybill (AWB) and all carriers that carry or
undertake to carry the cargo or perform any other services related to such carriage.”

 A certificate of origin (COO) should be on ISO A4 size paper in conformity with the format
shown in Appendix 1. It should be completed in the English language; otherwise it should not be
valid. Here C of O works the same

 “The Community is hereby established and recognized in the Protocol hereto as successor to the
Caribbean Community and Common Market (CCM)”
Examples
Completely knocked down means that a product is
delivered in parts and assembled at the destination.
The term originates in the automobile industry,
where various components are delivered from
suppliers worldwide and assembled in the import
country. CKD as a term and a practice is also used
in machine construction and other industry sectors.

Community Europe
5. Application
LTD: Limited Liability Company 
St. : Street
Tel: Telephone
pct: Percent 
MT: Metric Ton
Kg: Kilogram
USD: United States Dollar
FOB: Free On Board
HCM: Ho Chi Minh
Incoterms: International Commercial Terms
PP: Polypropylene
L/C: Letter of Credit
SGS: General Society of Surveillance
WWD SHEX EU: Weather Working Days,
Sundays and Holidays Excepted, Even Used
VIAC: Vietnam International Arbitration Centre
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