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Joint venture |
A form of business partnership involving joint management and the sharing of risks and profits as between enterprises based in different countries. If joint ownership of capital is involved the partnership is known as an equity joint venture. |
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Just in Time |
The principle of production and inventory control in which goods arrive when needed for production or use. |
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Knocked Down (KD) |
Articles which are taken apart to reduce the cubic footage displaced or to make a better shipping unit and are to be re-assembled. |
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Knot |
The unit of speed equivalent to one nautical mile, or 6,080.20 feet per hour or 1.85 kilometres per hour. |
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Kyoto Convention |
The expression commonly used to refer to the international Convention on the simplification and harmonization of Customs procedures adopted by the WCO in Kyoto in 1973. (WCO) |
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Kyoto Convention, Revised |
The Kyoto Convention, incorporating the amendments approved by the WCO in 1999. |
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Kyoto Guidelines |
Guidelines to implement the General Annex and the Specific Annex, prepared by the WCO. |
