Digital solutions and international trade, from one partner

Trade and IT glossary

Short, plain-language explanations of terms you'll meet when importing goods or running an IT project.

B

Backup
A copy of data kept separately so it can be restored if the original is lost or damaged.

C

Certificate of conformity
A document confirming that goods meet the technical requirements of the importing country.
Certificate of origin
A document stating the country where goods were made. Form ST-1 is used for preferential treatment within the CIS.
CIS free trade area
A free trade agreement between several former Soviet countries, including Uzbekistan and Russia, that can reduce duties on qualifying goods.
CMR
The international consignment note used for road freight.
Consolidation (groupage)
Combining smaller shipments from different suppliers or clients into one container or truck.
Customs declaration
The official statement submitted to customs with details of the goods, their value and origin.
Customs value
The value of goods used to calculate duties and taxes, usually based on the price paid plus certain costs.

D

Database
An organised store of data that software can search, update and connect to other systems.
Double landlocked
A country surrounded only by other landlocked countries. Uzbekistan and Liechtenstein are the only two.

E

Excise tax
An additional tax on specific goods, such as some fuels, alcohol and tobacco.

F

Foreign trade contract
The contract between a buyer and a seller in different countries, required for import and export payments.

H

Hosting
Running a website or application on servers so that it's available online.
HS code
The Harmonised System product code used by customs worldwide to classify goods.

I

Incoterms
International rules that define the responsibilities of buyers and sellers in a delivery. The current version is Incoterms 2020.
Integration
Connecting two or more software systems so they share data automatically.

L

Landed cost
The total cost of a product once it arrives: price, freight, insurance, duties, taxes and fees.
Lead time
The time between placing an order and receiving the goods.
Letter of credit
A bank's guarantee that the seller will be paid once they present the agreed documents.

P

Packing list
A document listing the contents, weight and dimensions of each package in a shipment.

R

Railway waybill (SMGS)
The transport document used for rail freight between many Eurasian countries.

T

TIR carnet
An international customs transit document that lets sealed trucks cross borders with fewer checks.
Transit
Moving goods through a third country on the way to their destination, under customs control.

V

VAT
Value added tax. Charged on imports into Uzbekistan at the standard rate, currently 12%.

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