International Commercial Terms Document - W

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Warehouse receipt: A receipt issued by a warehouse listing good received for storage.

Warehouse-to-warehouse: An Insurance policy which covers goods over the entire journey from the seller's to the buyer's premises.

Weight note: Document issued by either the exporter or a third party declaring the weight of goods in a consignment. This must agree with the weight declared on the transport document and shown on the invoice.

Without reserve: A term indicating that a shipper's agent or representative is empoered to make definitive decision and adjustments abroad without approval of the group or individual represented.

World Trade Organization: Created by the Uruguay Round and successor to the GATT, this organization began operations on Jan. 1, 1995, to oversee international trade.