AADFI
An abbreviation for Association of African Development Finance Institutions. (French: Association des Institutions Africaines de Financement du Developpement, AIAFD) promotes cooperative financing for social development in Africa and economic integration. The Association was established in March 1975; headquarters are in Abidjan, C te d'Ivoire.
AAEI
An abbreviation for American Association of Exporters and Importers. For 80 years the American Association of Exporters and Importers (AAEI) has been the national voice of American business in support of fair and open trade among nations. AAEI's expertise in international trade and customs matters is widely recognized in Washington and other national capitals. AAEI is the only national association dedicated exclusively to representing the interests of both U.S. exporters and importers before U.S. government agencies, Congress, international organizations, and foreign governments.
AAIB
An abbreviation for Arab-African International Bank. The AAIB is a pan-Arab consortium incorporated in 1964 as a self-governing autonomous entity between the Ministry of Finance of Kuwait and the Central Bank of Egypt; each of which as co-founders hold 49.37% of the Bank's shares. A New York branch of the AAIB was established in 1981 to facilitate the financing of trade between North America and the Middle East. AAIB headquarters are in Cairo.
AAR
An abbreviation for: Against All Risks (insurance clause). All Risks Coverage, a type of marine insurance, is the broadest kind of standard coverage, but excludes damage caused by war, strikes, and riots.
AATPO
An abbreviation for Association of African Trade Promotion Organizations. AATPO promotes inter-African trade, harmonization of commercial policies, communication among African states in trade matters, and research and training. The organization, which has about 26 members, was established in 1975 under the auspices of the Organization for African Unity and the African Development Bank; headquarters are in Tangier, Morocco.
ABC
An abbreviation for American Business Center. The ABC program provides U.S. companies which are exploring or establishing commercial opportunities in the Newly Independent States of the former Soviet Union with business services such as telephone and fax, temporary office space, market information, and assistance in making business contacts. An ABC operates in Bratislava, Slovakia under the direction of the Commerce Department's International Trade Administration in cooperation with the Agency for International Development. Additional centers are being opened in Russia, the Ukraine, Kazakhstan, Uzbekistan.
ABCA
An abbreviation for Association des Banques Centrales Africaines.
ABEDA
An abbreviation for Arab Bank for Economic Development in Africa. The ABEDA (French: Banque Arabe pour le Developpement Economique en Afrique -- BADEA) was created by the League of Arab States in November 1973 (began operations in March 1975) to promote economic and technical cooperation between Arab and African states. Members include: Algeria, Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Mauritania, Morocco, Oman, Qatar, Saudi Arabia, Sudan, Syria, Tunesia, the United Arab Emirates, and the Palestine Liberation Organization. Bank headquarters are in Khartoum, Sudan.
ABI
The Automated Broker Interface (ABI) is a component of the U.S. Customs Service's Automated Commercial System that permits qualified participants to electronically file required import data with Customs. ABI is a voluntary program available to brokers, importers, carriers, port authorities, and independent service centers. Currently, over 96% of all entries filed with Customs are filed through ABI.
ACAB
An abbreviation for Association of Central African Banks. ACAB (French: Association des Banques Centrales Africanines, ABCA) promotes cooperation among monetary, banking, and financial institutions in Africa. Members include two African regional banks and about 32 national banks. The Association was created in 1968; headquarters are in Dakar, Senegal.
ACC
An abbreviation for Arab Cooperation Council. The ACC was created in 1989 to promote economic cooperation and integration. Members include Egypt, Iraq, Jordan, and North Yemen. The ACC, partly intended as a counterpart to Gulf Cooperation Council, was created one day subsequent to the establishment of the Arab Maghreb Union.
ACCT
An abbreviation for Agency for Cultural and Technical Cooperation. Agence de Coop ration Culterelle et Technique. The ACCT was created in 1970 to promote cultural and technical cooperation among French-speaking countries. Members include: Belgium, Benin, Burkina Burundi, Canada, Central African Republic, Chad, Comoros, Congo, Djibouti, Dominica, France, Gabon, Guinea, Haiti, C te d'Ivoire, Lebanon, Luxembourg, Mali, Mauritius, Monaco, Niger, Rwanda, Senegal, Seychelles, Togo, Tunisia, Vanuatu, Vietnam, and Zaire. ACCT also includes seven associate members: Cameroon, Egypt, Guinea-Bissau, Laos, Mauritania, Morocco, and Saint Lucia. Agency headquarters are in Paris, France.
ACDA
An abbreviation for Arms Control and Disarmament Agency. ACDA is an independent agency within the State Department. ACDA participates in interagency working groups that discuss export license applications requiring dispute resolution. ACDA is interested in dual-use license applications from a non-proliferation perspective -- anything that could impact on the proliferation of missiles, chemical and biological weapons, and nuclear weapons. ACDA's positions need not be consonant with those of State. The Agency was created in 1961, has about 200-to-250 staff, and has a fairly substantial and growing technology transfer and export control function. The Director is the principal arms control adviser to the Secretary of State, the President and the NSC on conventional arms transfer, commercial sales of munitions; nuclear, missile, chemical and biological warfare; East-West military munitions issues, CoCom, and negotiating MOUs with the 3rd world on strategic trade.
ACE
Automated Commercial Environment: A US Customs electronic data system, which when complete, will provide support for enforcing trade and contraband laws, ensuring trade compliance, and providing service and information to the international trade community.
ACEP
An abbreviation for Advisory Committee on Export Policy. The Advisory Committee on Export Policy, ACEP, is an interagency dispute resolution body that operates at the Assistant Secretary level. ACEP is chaired by Commerce; membership includes the Departments of Defense, Energy, and State, the Arms Control and Disarmament Agency, and the intelligence community. Disputes not resolved by the ACEP must be addressed by the cabinet-level Export Administration Review Board within specific timeframes set forth under National Security Directive 53.
ACH
An abbreviation for Automated Clearinghouse. Is a feature of the Automated Broker Interface, which is a part of Customs' Automated Commercial System. The ACH combines elements of bank lock box arrangements with electronic funds transfer services to replace cash or check for payment of estimated duties, taxes, and fees on imported merchandise.
ACP
An abbreviation for African, Caribbean, and Pacific. These are developing countries, which are designated beneficiaries under the Lom Convention.
ACTPN
An abbreviation for Advisory Committee on Trade Policy and Negotiations. The ACTPN is a group (membership of 45; two-year terms) appointed by the President to provide advice on matters of trade policy and related issues, including trade agreements. The 1974 Trade Act requires the ACTPN's establishment and broad representation of key economic sectors affected by trade.
ACS
An abbreviation for Automated Commercial System. The Customs Service's Automated Commercial System, ACS, is a joint public-private sector computerized data processing and telecommunications system linking customhouses, members of the import trade community, and other government agencies with the Customs computer. Trade users file import data electronically, receive needed information on cargo status, and query Customs files to prepare submissions. Duties, taxes, and fees may be paid by electronic statement, through a Treasury-approved clearinghouse bank. ACS contains the import data used by Census to prepare U.S. foreign trade statistics. ACS began operating in February 1984 and includes: (a) the Automated Broker Interface, (b) the Census Interface System, (c) the Automated Manifest Systems, (d) the Bond System, (e) the In-Bond System, (f) the Cargo Selectivity System, (g) the Line Release System, (h) the Collections System, (i) the Security System, (j) the Quota System, (k) the Entry Summary Selectivity System, (l) the Entry Summary System, (m) the Automated Information Exchange, (n) the Antidumping/Countervailing Duty System, (o) the Firms System, (p) the Liquidation System, (q) the Drawback System, (r) the Fines, Penalties, and Forfeitures System, and (s) the Protest System.
ACU
An abbreviation for Asian Clearing Union. The ACU promotes regional trade and economic cooperation, including arrangements to conserve foreign exchange and encourage domestic currencies in trade. Members include Bangladesh, India, Iran, Myanmar, Nepal, Pakistan, and Sri Lanka; Bhutan, Malaysia, the Peoples' Republic of China, the Philippines, Thailand, and Vietnam have expressed interest in membership. The Union was established in 1974; headquarters are in Tehran, Iran.
AD
An abbreviation for Antidumping. Antidumping, as a reference to the system of laws to remedy dumping, is defined as a converse of dumping. Applies primarily to imports.
ADB
An abbreviation for Asian Development Bank. Asian Development Bank The ADB helps finance economic development in developing countries in the Asian and Pacific area through the provision of loans on near-market terms, with its Ordinary Capital Resources (OCR), and on concessional terms, through the Asian Development Fund (ADF). The ADB was established in 1965 (began operating in December 1966); headquarters are in Manila, Philippines.
See: Asian Development Fund (ADF).
ADF
An abbreviation for African Development Foundation or African Development Fund or Asian Development Fund. ADF provides economic assistance to groups and institutions involved in development projects at the local level. The foundation's assistance, designed as a complement to the U.S. foreign aid program, is awarded only to native African organizations and individuals. ADF is a U.S. public corporation which was established by Congress in 1980 (became operational in 1984); headquarters are in Washington, D.C.
ADFAED
An abbreviation for Abu Dhabi Fund for Arab Economic Development. ADFAED promotes economic and social development in African, Arab, and Asian developing countries. The Fund, which was created in July 1971, began operations in September 1974; headquarters are in Abu Dhabi, United Arab Emirates.
ADRs
An abbreviation for American Depository Receipts. ADRs are negotiable receipts for the securities of a foreign company which are kept in the vaults of an American bank, allowing Americans to trade the foreign securities in the United States while accruing any dividends and capital gains.
ADS
An abbreviation for Agent Distributor Service. The ADS, is an International Trade Administration (ITA) fee-based service which locates foreign import agents and distributors. ADS provides a custom search overseas for interested and qualified foreign representatives on behalf of a U.S. exporter. Officers abroad conduct the search and prepare a report identifying up to six foreign prospects that have examined the U.S. firm's product literature and have expressed interest in representing the U.S. firm's products.
Ad
Val
An abbreviation for Ad Valorem. Literally: according to value. Any charge, tax, or duty that is applied
as a percentage of value.
AEF
An abbreviation for Africa Enterprise Fund. The AEF, operating under the International Finance Corporation, began operations in late 1989. The Fund assists small and medium-size enterprises in sub-Saharan Africa, supports investment projects, and promotes development of private enterprises in Africa to stimulate economic growth and productive employment.
AEN
An abbreviation for Administrative Exception Note. CoCom controls exports at three levels, depending on the item and the proposed destination. At the lowest level, "national discretion" (also called "administrative exception"), a member nation may approve the export on its own, but CoCom must be notified after the fact. Administrative exception notes are appended to list categories to describe commodities that can be approved solely at national discretion.
AERP
An abbreviation for Automated Export Reporting Program. The AERP provides for electronic submission of most information required on the Shipper's Export Declaration. The program was initiated in 1969 with the intent of enabling large volume exporters to submit electronically and facilitate Census Bureau data entry and analysis. AERP was expanded in 1982 to allow freight forwarders, and again in 1985 to allow ocean carriers, to file electronically. At the beginning of fiscal year 1994, about 220 firms -- accounting for 350,000 to 400,000 records a month -- were participating in AERP. The program is administered by the Automated Data Reporting Branch, Foreign Trade Division, Bureau of the Census. See SED.
AFDB
An abbreviation for African Development Bank. AFDB (French: Banque Africaine de Developpement) provides financing through direct loans to African member states to cover the foreign exchange costs incurred in Bank-approved development projects in those countries. Fifty-one African countries are members and ordinarily receive loans. The Republic of South Africa is the only African country not a member. The African Development Bank comprises the AfDB as well as the African Development Fund and the Nigeria Trust Fund. The Bank was established in August 1963 (began operations in July 1966), with headquarters in Abidjan, Cote d'Ivoire.
AFDF
An abbreviation for African Development Fund. See ADF.
AFESD
An abbreviation for Arab Fund for Economic and Social Development. AFESD promotes regional economic integration and social development in Arab states. Members include: Algeria, Bahrain, Djibouti, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Mauritania, Morocco, Oman, Qatar, Saudi Arabia, Somalia, Sudan, Syria, Tunisia, the United Arab Emirates, Yemen, and the Palestine Liberation Organization. The Fund, associated with the League of Arab States, started operations in February 1972; headquarters are in Safat, Kuwait.
AFREXIMBANK
An abbreviation for African Export-Import Bank. AFREXIMBANK offers short-term export trade financing to African exporters aimed at enhancing intra-African trade and Africa's exports. Agreement to create the bank was based on a January 1993 agreement reached in Cairo, Egypt among African governments, central banks, regional and sub-regional financial institutions and other organizations. Bank headquarters are located in Cairo, Egypt.
AFTA
An abbreviation for ASEAN Free Trade Area. See ASEAN.
AG
An abbreviation for Aktiengesellschaft. AG (German, meaning: "stock company") is a corporation with a separate legal personality, which must have at least five partners. The firm name usually reflects the activities of the company and must include "AG."
Also abbreviation for Australia Group. The AG, is an informal forum through which 22 industrialized nations cooperate to curb proliferation of chemical and biological weapons through a supply approach. The AG's first meeting, held at the Australian Embassy in Paris in June 1986, was attended by Australia, Canada, Japan, New Zealand, the United States, and those nations that were then members of the European Community. Membership has expanded to include Norway, Portugal, Spain, Switzerland, Austria, Argentina, Finland, Hungary, Iceland, and representatives of the European Commission, the European Community's executive arm.
AGRIS
An abbreviation for Agriculture Information System. AGRIS, coordinated under the auspices of the Food and Agricultural Organization, is an international cooperative bibliographic database on agricultural research, production, science, and technology. Participating countries contribute information for inclusion in AGRIS. See: National Agricultural Library.
AGT
An abbreviation for Agent . A person authorized to transact business for and in the name of another person or company. Types of agent are (1) brokers, (2) commission merchants, (3) resident buyers, (4) sales agents, 5) manufacturer's representatives.
AIB
An abbreviation for Arab International Bank The AIB provides financing to support development of foreign trade among member nations and other Arab states. The Bank was established in October 1971; headquarters are in Cairo, Egypt. Member include: the governments of Oman, Qatar, and United Arab Emirates, as well as the Central Bank of Egypt, and the Libyan Arab Foreign Bank.
AIBD
An abbreviation for Association of International Bond Dealers. The AIBD provides a forum for over 500 members from 30 countries to review international securities market matters. The primary objectives of the
Association are to provide a basis for examination and discussion of questions relating to the secondary market in Eurosecurities, to issues rules governing their functions, and to maintain a close liaison between the primary and secondary markets in Eurosecurities. IABD was established in 1969; headquarters are in Zurich, Switzerland.
AID
An abbreviation for Agency for International Development. AID was created in 1961 to administer foreign economic assistance programs of the U.S. Government. AID has field missions and representatives in approximately 70 developing countries in Africa, Latin America, the Caribbean, and the Near East.
AIES
An abbreviation for Automated Information Exchange System. AIES, a part of Customs' Automated Commercial System, allows for exchange of classification and value information between field units )Field Import Specialist) and headquarters (National Import Specialists).
AIG
An abbreviation for Airbus Industries Group. AIG is a super-national management organization responsible for design, development, manufacture, marketing, sales and support of selected commercial aircraft. Member countries are France, Germany, Spain, and the United Kingdom. Airbus Industrie, G.I.E. is a consortium of four West European producers -- A rospatiale (France), Deutsche Aerospace Airbus GmbH (Germany), British Aerospace Airbus Ltd. (United Kingdom), and Construcciones Aeron uticas S.A. (Spain) -- established as a groupement d'int r t conomique (G.I.E.) under French law.
AIMS
An abbreviation for Agriculture Information and Marketing Services. See AGRIS.
AIT
An abbreviation for American Institute in Taiwan. The AIT is a non-profit corporation that represents U.S. commercial, cultural, and other interests in Taiwan in lieu of an embassy. In 1979, the United States terminated formal diplomatic relations with Taiwan when it recognized the People's Republic of China as the sole legal government of China. AIT was authorized to continue commercial, cultural and other relations between the United States and Taiwan. AIT headquarters are located in Arlington, Virginia; constituent offices are in Taipei and Kaohsiung, Taiwan.
AKA
An abbreviation for Ausfuhrkredit-Gesellschaft. (English: Export Credit Establishment) is an association of German banks which provide medium and long-term funding for exports. Also an abbreviation for Also Known As.
ALADI
An abbreviation for Asociación Latinoamericana de Integración. See LAIA.
AMF
An abbreviation for Arab Monetary Fund. The AMF, originally aimed at correcting chronic deficits in the balance of payments in most member states, promotes Arab integration in monetary and economic affairs. The Fund's priorities have included: (a) addressing payments imbalances, (b) creating capital markets, (c) stabilizing exchange rates, and (d) eliminating payments and trade restrictions. Members include: Algeria, Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Mauritania, Morocco, Oman, Qatar, Saudi Arabia, Somalia, Sudan, Syria, Tunisia, the United Arab Emirates, Yemen, and the Palestine Liberation Organization. The Fund was created in 1976 (began operating in April 1977); headquarters are in Abu Dhabi, United Arab Emirates.
AMS
An abbreviation for Agricultural Marketing Service. Among its activities, the Agriculture Department's AMS is available to foreign buyers to assure that any product shipped overseas meets contract specifications. The service is operated on a user-fee basis. AMS works with the buyers to write a specification that can be certified. The requirements for USDA certification can be made apart of the purchase contract.
Also an abbreviation for Automated Manifest System. AMS, a part of Customs' Automated Commercial System (ACS) controls imported merchandise from the time a carrier's cargo manifest is electronically transmitted to Customs until control is relinquished to another segment of the ACS.
AMSCO
An abbreviation for African Management Services Company. AMSCO provides temporary managers and management training to support the development of African companies. AMSCO works through a network of representatives in Africa; its clients include privately owned companies, public sector companies, and subsidiaries of international companies. The company was established in 1989 by the International Finance Corporation; headquarters are in Amsterdam, Netherlands. AMSCO is funded by the United Nations Development Program, the International Finance Corporation, the African Development Fund, the African Development Bank, development institutions in several European countries, and private sector investors.
AMU?
AlsoAn abbreviation for Arab Maghreb Union. The AMU (French: Union du Maghreb Arabe, UMA) encompasses Algeria, Libya, Mauritania, Morocco, and Tunisia. The Union was established in February 1989 to foster integration of the Maghreb economy. The Union also seeks to join the AMU and the Gulf Cooperation Council states in a common market.
APDF
An abbreviation for Africa Project Development Facility. The APDF seeks to accelerate development of productive enterprises sponsored by private African entrepreneurs as a means of generating self-sustained economic growth and productive employment in Sub-Saharan Africa. The facility provides advisory services to private African entrepreneurs in preparing viable projects, works with the entrepreneurs to secure financing, and helps them obtain technical and managerial assistance to start their projects. APDF was established in 1986 as a United Nations Development Programme project -- with the International Finance Corporation as executing agency and the African Development Bank as regional sponsor. The facility maintains offices in Nairobi (Kenya), Harare (Zimbabwe), and Abidjan (C te d'Ivoire).
APEC
An abbreviation for Asian-Pacific Economic Cooperation. APEC, established in November 1989, is an informal grouping of Asia Pacific countries that provides a forum for Ministerial level discussion of a broad range of economic issues. APEC includes the six ASEAN countries (Brunei, Indonesia, Malaysia, Philippines, Singapore, and Thailand), plus: Australia, Canada, China, Hong Kong, Japan, New Zealand, South Korea, Taiwan, and the United States.
APO
An abbreviation for Administrative Protective Order. An Administrative Protective Order, APO, is used to protect proprietary data that is obtained during an administrative proceeding. Within Commerce, APO is most frequently used in connection with Antidumping and Countervailing Duty investigations to prohibit opposing counsel from releasing data. The term is also applied in connection with civil enforcement of export control laws to protect against the disclosure of sensitive national security information and information provided by companies being investigated for violations.
ARSO
An abbreviation for African Regional Organization for Standardization. ARSO (French: Organisation R gionale Africaine de Normalisation, ORAN) promotes and coordinates standardization, quality control, certification, and metrology practices in Africa. The Organization has been developing African Regional Standards (ARS) in nine areas: (a) general standards, (b) agricultural and food products, (c) building and civil engineering, (d) mechanical engineering and metallurgy, (e) chemistry and chemical engineering, (f) electro-technology, (g) textiles, (h) transport and communications, and (i) environmental products and pollution control. ARSO is also seeking adoption of a regional certification marking scheme and establishment of a laboratory accreditation program. ARSO was established in 1977; its headquarters are in Nairobi, Kenya. ARSO membership is restricted to official representatives of member governments.
ASDF
An abbreviation for Asian Development Fund. The ADF (or AsDF), an affiliate of the Asian Development Bank, lends funds on concessionary terms to the Bank's least developed member countries. See: ADB.
ASEAN
An abbreviation for Association of Southeast Asian Nations. ASEAN agreed in January 1992 to create a free trade area (ASEAN Free Trade Area, or AFTA) with use of a common effective preferential tariff. Under the agreement ASEAN members will cut tariff rates within 15 years of its start date of January 1994.
Manufactured goods from 15 sectors designated as "fast track" are subject to tariff reduction to 0-5 percent within 10 years, and seven years if the starting rates were already below 20 percent. "Fast track" sectors include vegetable oils, cement, chemicals, pharmaceuticals, fertilizer, plastics, rubber products, leather products, pulp, textiles, ceramic and glass products, gems and jewelry, copper cathodes, electronics, and wooden and tartan furniture.
Also an abbreviation for Association of Southeast Asian Nations. ASEAN was established in 1967 to promote political, economic, and social cooperation among its six member countries: Indonesia, Malaysia, Philippines, Singapore, Thailand, and Brunei. ASEAN headquarters are in Jakarta, Indonesia. In January 1992, ASEAN agreed to create a free trade area, ASEAN Free Trade Area (AFTA).
ATFP
An abbreviation for Arab Trade Financing Program. The ATFP promotes trade among Arab countries and exports from Arab countries. The Program was established in 1989 by the Arab Monetary Fund; headquarters are in Abu Dhabi, United Arab Emirates.
ATI
An abbreviation for American Traders Index, ATI, is the U.S. and Foreign Commercial Service headquarters compilation of individual US&FCS domestic client files, for use by overseas posts to generate mailing lists. Also abbreviation for Andean Trade Initiative. The ATI is the trade element in U.S. drug policy. See: ATPA.
ATLAS
An abbreviation for Automated Trade Locator Assistance Network. ATLAS is a Small Business Administration-sponsored, contractor-operated, automated system which provides market research information and statistics on world markets by SIC code (and possibly harmonized system). Indirect access is available for businesses, with arrangements through the local SBA district office. ATLAS, which became operational in Spring 1993, replaced SBA's export information system (XIS).
ATOs
An abbreviation for Agricultural Trade Offices. See FAS.
ATP
An abbreviation for Advanced Technology Products. Products whose technology
is from a recognized high technology field, represent leading edge technology
in that field; and constitute a significant part of all items covered in the
selected classification code.
ATPA
An abbreviation for Andean Trade Preference Act. The ATPA is a unilateral trade benefit program designed to promote economic development through private sector initiative in the four Andean countries of Bolivia, Colombia, Ecuador, and Peru. The ATPA encourages alternatives to coca cultivation and production by offering broader access to the U.S. market. The Act also seeks to stimulate investment in nontraditional sectors and to diversify the Andean countries' export base. The primary provision of the program is expanded duty-free entry into the United States. The Administration must determine each country's eligibility based on criteria set forth in the Act. Bolivia, Colombia, Ecuador, and Peru have been designated as beneficiaries. The ATPA became effective in December 1991 and is due to expire in December 2001. The Act requires periodic assessments of the impact of the trade preferences by the U.S. International Trade Commission and the U.S. Department of Labor.
AUMA
An abbreviation for Die Ausstellungs- und Messe-Ausschuss der Deutschen Wirtschaft. (Die). AUMA (German: the German Industry Council for Exhibitions and Trade Fairs) promotes exports by bringing together government, semiprivate, and private organizations in the coordination of domestic and overseas trade events. AUMA is a private organization and receives no government funds to support its general operations. The government may provide funds for special projects, such as research. AUMA also collects and distributes information to German firms on trade fairs worldwide.
AVE
An abbreviation for Ad Valorem Equivalent. AVE is the rate of duty, which would have been required on dutiable imports under that item, if the United States customs value of such imports were based on the United States port of entry value.
AWB
An abbreviation for Airway Bill. Air Waybill. An AWB is a bill of lading, which covers both domestic and international flights transporting goods to a specified destination. Technically, it is a non-negotiable instrument of air transport which serves as a receipt for the shipper, indicating that the carrier has accepted the goods listed therein and obligates itself to carry the consignment to the airport of destination according to specified conditions.