Home > Blossary: International Trade and commerce
This glossary provides the most common words and terms used in shipping, international trade and commerce. It also have the images to explain better the technical terms.

Category: Business

22 Terms

Created by: Veronikag

Number of Blossarys: 1

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A duty assessed as a percentage rate of the value of the imported merchandise. This percentage is pre-establish in each country. The total paid increases with the value of whats being taxed.

Domain: Legal services; Category: Commerical law

These credit incorporate a clause wich authorises the advising bank to make an immediate payment to the beneficiary of an amount up to the total of the credit, or som lesser nominated amount. The ...

Domain: Legal services; Business administration; Category: Commerical law; Business management

This is a guarantee that advance payments will be returned if the party having received such payments does not perform its part of the contract.This guarantee is applied by the bank.A guarantee of ...

Domain: Legal services; Business services; Category: Commerical law; International business

A document issue when goods are entrusted to a shipping company for carriage. It can serve as a formal receipt for the goods by the ship owner, a memorandum of the contract of carriage, and ...

Domain: Transportation; Category: Shipping

A non-negotiable shipping document used by the airlines for air freight. It is a contract for carriage that includes carrier conditions, such as limits of liability and claims procedures. It also ...

Domain: Transportation; Category: Shipping

A negotiable instrument that represents an unconditional demand for payment.Together with the bill of lading it forms the basis for the documentary collection procedures and together with the ...

Domain: Legal services; Business administration; Category: Commerical law; Business management

A warehouse authorized by customs authorities for storage of good on which payment of duties is deferred until the goods are removed for domestic consumption.If the goods are re-exported, no duty has ...

Domain: Transportation; Category: Warehouses

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