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 TENEX » Dear Readers » Appendices » Appendix No. 11. Glossary / List of Abbreviations

Appendix No. 11. Glossary / List of Abbreviations

Conversion — a chemical process transforming U3O8 into UF6.

DDP – Delivered, Duty Paid — Terms of delivery whereby the seller’s responsibility ceases upon delivery of the goods at the agreed place in the buyer’s country. Prior to that, all costs and risks in delivering the goods (duties, taxes, etc.), responsibility for loss or damage of the goods, and customs duties and other formalities, are borne by the seller.

DDU – Delivered Duty Unpaid — Terms of delivery whereby the seller’s responsibility ceases upon delivery of the goods to a specified location in the buyer’s country. Prior to that, all costs and risks in delivering the goods (duties, taxes, etc.), responsibility for loss or damage of the goods, with the exception of customs duties and other
formalities at import, are borne by the seller.

EBITDA — Earnings before Taxes, Depreciation, and Amortisation.

Enriched uranium — Uranium where the ratio of uranium-235 to uranium-238 is increased in excess of the natural uranium (0.7%). Normally, reactor-grade uranium is enriched up to about 3.5% with uranium-235, while the content of uranium-235 in weapons-grade material is over 90%.

Enrichment (with isotope) — a) The content of atoms of a certain isotope in the isotopic mixture of the same element; it exceeds a fraction of this isotope in the naturally occurring mixture (expressed in %); b) a process resulting in a higher content of a certain isotope in the isotopic mixture.

ExW — Ex Works. Terms of delivery whereby the seller’s duties and responsibility cease upon making the goods available at his premises or warehouse to the buyer. The seller is not responsible for loading the goods onto the vehicle and customs clearance of the goods for export.

FOB — Free on Board. Terms of delivery whereby the seller’s responsibility ceases at the ship’s rail at a specified port of dispatch. This means that, thereafter, the buyer bears the cost and risk of loss or damage. FOB terms imply that the seller must clear the goods for export. These terms apply only to transportation by sea or inland waters.

HEU-LEU Agreement — Agreement between the Government of the United States of America and the Government
of the Russian Federation concerning the disposition of highly enriched uranium extracted from nuclear
weapons, made on 18.02.1993.

Highly enriched uranium (HEU) — Uranium with a uranium-235 content equal to or more than 20% by mass.

Low-enriched uranium (LEU) — Uranium with a uranium-235 content less than 20% by mass.

Natural uranium — EA material with low activity and a uranium-235 content equal to 0.7%.

Nuclear fuel cycle (NFC) — A sequence of processes to support the operation of nuclear reactors that covers uranium mining through the disposal of radioactive waste.

Uranium hexafluoride — A chemical composition of uranium, which can be gaseous under certain conditions. It is used as feed for uranium enrichment.

A&S — Affiliates and Subsidiaries

AFCF — Adjusted Free Cash Flow

APR — Asia-Pacific Region

CD – Customs Declaration

CTG – Consolidated Taxpayers Group

EC-15 – EU-15 European area countries who were member-countries in the European Union prior to the accession of ten candidate countries on 1 May 2004

ECC – Enrichment and Conversion Complex

EF – Electronic Filing

EMS – Environmental Management System

EUP – Enriched Uranium Product

FA – Fuel Assembly

FCSM – Russian Federal Commission for the Securities Market

FE NFC – Front End of Nuclear Fuel Cycle

FEB RAS – Far East Branch of the Russian Academy of Sciences

FIATA – International Federation of Freight Forwarders

FSTEC – Federal Service for Technical and Export Control

FSUE PA Mayak – Federal State Unitary Enterprise Production Association Mayak

FTA – Foreign Trade Activity

FTFC – Foreign Transport and Forwarding Companies

GRI – Global Reporting Initiative

GWC – Group of Western Companies

HEU – Highly Enriched Uranium

IAEA - International Atomic Energy Agency

ICAD – Internal Control and Audit Department

IFRS – International Financial Reporting Standards

JSC AECC – Joint Stock Company Angarsk Electrolysis Chemical Complex

JSC ARMZ – Joint Stock Company Atomredmetzoloto

JSC EC RGC - Joint Stock Company Engineering Centre Russian Gas Centrifuge

JSC FC NRS - Joint Stock Company Federal Centre for Nuclear and Radiation Safety

JSC IUEC – Joint Stock Company International Uranium Enrichment Centre

JSC PA ECP – Joint Stock Company Production Association Electrochemical Plant

JSC SCC – Joint Stock Company Siberian Chemical Combine

JSC SPA Khimpromengineering - Joint Stock Company Scientific and Production Association Khimpromengineering

JSC UECC – Joint Stock Company Urals Electrochemical Combine

KPI – Key Performance Indicators

LC – Life Cycle

LEU – Low-Enriched Uranium

LEU FC - Low-Enriched Uranium Feed Component

MFA – the Ministry of Foreign Affairs of Russia

MED – the Ministry of Economic Development of Russia

NFC – Nuclear Fuel Cycle

NM – Nuclear Materials

NPF – Non-governmental Pension Fund

NPP – Nuclear Power Plant

NRNU MEPHI – National Research Nuclear University Moscow Engineering and Physics Institute

NRS – Nuclear and Radiation Safety

PSRMS – Prompt Situation Risk Management System

QMS – Quality Management System

RAS – Russian Accounting Standards

RMS – Risk Management System

Rostechnadzor – Federal Environmental, Industrial, and Nuclear Supervision Service

RSPP – Russian Union of Industrialists and Entrepreneurs

RTC – Requirement Type Contract

Suspension Agreement – Agreement Suspending the Antidumping Investigation on uranium products from the Russian Federation

SCSMC - Supply Chain Security Management System

SNF – Spent Nuclear Fuel

SRD – Security and Regime Department

SROAC – Strategic Risks and Opportunities Assessment Centre

SWU – Separative Work Unit

TLH – Transportation and Logistics Hub

TUK – Transportation Package

UE NIPS of Russia - All-Russia sectoral association of employers Union of Employers in Nuclear Industry, Power, and Science of Russia

VaR – Value at Risk

VMI – Voluntary Medical Insurance

ZATO – Russian abbreviation for a restricted access administrative territorial formation (“closed” city)

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