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List of International Trade Definitions, Explanations & Articles

international trade
The exchange of goods or services along international borders. This type of trade allows for a greater competition and more competitive pricing in the market. ...
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consignee
A party (usually a buyer) named by the consignor (usually a seller) in transportation documents as the party to whose order a consignment will be delivered at ...
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letter of credit (L/C)
A written commitment to pay, by a buyer's or importer's bank (called the issuing bank) to the seller's or exporter's bank (called the accepting bank, ...
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CMR
Standardized document for cross-border transport of cargo by road, based on UN recommendations for uniform international rules and in force in the European ...
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waybill
Official shipping document that travels with a shipment, identifies its consignor, consignee, origin and destination, describes the goods, and shows their ...
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