Terms & Glossaries of Shipping and Trading


"Acronym for the 'United Nations Commission on International Trade Law,' established by a United Nations General Assembly Resolution in 1966."


The aim of UNCITRAL is to harmonise and unify international trade law. It was instrumental in the preparation of the Hamburg Rules, 1978, and prepared the United Nations Convention on the Liability of Operators of Transport Terminals in International Trade, 1991.

In addition, UNCITRAL has been active in the area of international commercial arbitration and has prepared the UNCITRAL Model Law on International Commercial Arbitration, 1985, the UNCITRAL Model Law on International Commercial Conciliation, 2002, the UNCITRAL Arbitration Rules, the UNCITRAL Conciliation Rules, and the UNCITRAL Notes on Organising Arbitral Proceedings.