UNTDED is a shortcut for --->'United Nations Trade Data Element Directory '.
UNTDED is a standardized coding system developed by the United Nations Centre for Trade Facilitation and Electronic Business (UN/CEFACT) to facilitate the exchange of electronic trade documents and messages between trading partners.
The UNTDED contains a list of standard data elements that can be used to describe various aspects of a trade transaction, such as the goods being traded, the parties involved, and the transport methods used. Some examples of data elements in the UNTDED include:
- Commodity code: a standardized code used to classify the type of goods being traded.
- Carrier code: a code used to identify the carrier or transport company responsible for transporting the goods.
- Country code: a code used to identify the countries involved in the trade transaction.
- Currency code: a code used to identify the currency being used to conduct the trade.
- Freight payment method code: a code used to identify how the freight charges will be paid.
The UNTDED is used by many organizations involved in international trade, including customs agencies, freight forwarders, and shipping companies. It helps to standardize trade data and ensure that information is consistent and accurate across different systems and organizations.