Very Important for the one who sell,buy,or do business

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S[4a;g^ [align=center][color=DarkRed]Dear How many of you know Trade terminology?[/color][/align] U5o(bK-RcsQ;r

%V)gM"[SBr [[i] Last edited by SwaninCn at 2008-3-17 19:46 [/i]]

[url]http://forum.fobshanghai.com/thread-318397-1-1-Commonly_Used_Foreign_Trade_Terms.html[/url]8E#BHK.n
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[url]http://forum.fobshanghai.com/thread-319424-1-1-PI_PO_SC_CI_PL_BL_CO_IC_short_for.html[/url]v,T7Ziz!T

1wY8HL%re!k M Hope all are helpful for you

Here I wanna mention more which are very useful

[b]ATA Carnet[/b]
8}9W'W%e]"_n-s A customs document which enables one to carry or send goods temporarily into certain foreign countries without paying duties or posting bonds.
,~eyan;w\){ [b]Acceptance [/b]
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The act of a drawee acknowledging in writing on the face of a draft, payable at a fixed or determinable future date, that he will pay the draft at maturity. ` D`@ i6gh
[b]Acceptance Draft[/b]
?)jg0Qf.Oq'l1|1y A sight draft, documents against acceptance. See "Sight Draft," "Documents Against Acceptance." S-RWp-cXQ
[b]Airwaybill [/b]
k6V tkbA"G}w#G The carrying agreement between shipper and air carrier which is obtained from the airline used to ship the goods.
9tsKd2ZI+f [b]All Risks Clause [/b]
2{ qW*Pd'e An insurance provision which provides additional coverage to an Open Cargo Policy, usually for an additional premium. Contrary to its name, the clause does not protect against all risks. The more common perils it does cover are theft, pilferage, non-delivery, fresh water damage, contact with other cargo, breakage, and leakage. Inherent vice, loss of market, and losses caused by delay are not covered. J'TN$a-i
[b]Authority to Pay[/b]
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A document comparable to a revocable letter of credit but under whose terms the authority to pay the seller stems from the buyer rather than from a bank. t f"R t!r#B
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[b]Bill of Exchange [/b]
ncqjo6|D6? A written order for a certain sum of money, to be transferred on a certain date from the person who owes the money or agrees to make the payment (the drawee) to the creditor to whom the money is owed (the drawer of the draft).
e0M&V}k3{u8Y,wT [b]Bill of Lading[/b]
`:[)z&p)W A document which provides the terms of the contract between the shipper and the transportation company to move freight between stated points at a specified charge. /K6X}J*ZA?
[b]Bonded Warehouse [/b]RTDFG:^6Oj:\
A building authorized by customs authorities for the storage of goods without payment of duties until removal. e
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[b]Brussels Tariff Nomenclature [/b]N1lV3Fq)A
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See "Nomenclature of the Customs Cooperation Council."
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]`P h [b]Buying Agent [/b]
U6v7FSE^ J-P An agent who buys in this country for foreign importers, especially for such large foreign users as mines, railroads, governments, and public utilities. Synonymous with "purchasing agent."
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[b]C. & F[/b]. - Cost and Freight: Same as C.I.F., except that insurance is covered by the buyer.
4axZ:y&akgP%[-lX C.I.F. )|5K+u.An%^)b
Cost, Insurance, and Freight. A pricing term under which the seller pays all expenses involved in the placing of merchandise on board a carrier and in addition prepays the freight and insures the goods to an agreed destination.
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D$n [b]Carrier [/b]*H(e7Y`j w
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A transportation line that hauls cargo.
V0OCp/pv a`U [b]Certificate of Free Sale [/b]
4ISb,kMh A certificate, required by some foreign governments, stating that the goods for export, if products under the jurisdiction of the U.S. Federal Food and Drug Administration, are acceptable for sale in the United States, i.e., that the products are sold freely, without restriction. FDA will issue shippers a "letter of comment" to satisfy foreign requests or regulations.
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[b]Certificate of Inspection [/b]/L3LEh/cRP+U#H
A document in which certification is made as to the good condition of the merchandise immediately prior to shipment. The buyer usually designates the inspecting organization, usually an independent inspection firm or government body. fMzS)t5X
[b]Certificate of Manufacture [/b]e7Y0`#j5`1G3Q
A statement by a producer, sometimes notarized, which certifies that manufacture has been completed and that the goods are at the disposal of the buyer.
.PUp@M A,y VRS [b]Certificate of Origin[/b] ,t6E/Q_*U-{ S
A document in which certification is made as to the country of origin of the merchandise.
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T2p.MPw [b]C.F.R.[/b] (Cost and Freight) and C.I.F. (Cost, Insurance, and Freight)??indicate that the seller will deliver the goods onto a vessel and pay all the normal charges to get the cargo to the named seaport. The buyer assumes all risks from the time the cargo is placed onto the vessel at the seaport of loading. C.I.F. also indicates that the seller arranges for insurance as an automatic condition of the contract.  
M;BZ&B:aVL u [b]Chamber of Commerce [/b]QfiU/t W&}9FhK
An association of businessmen whose purpose is to promote commercial and industrial interests in the community.
w8Y;| S{$X2U,R [b]Clean Bill of Lading [/b]
1P2@2?dV)d A bill of lading signed by the transportation company indicating that the shipment has been received in good condition with no irregularities in the packing or general condition of all or any part of the shipment. See "Foul Bill of Lading." 3~7~f.O?qg
Collection 2Bf~_I
The procedure involved in a bank's collecting money for a seller against a draft drawn on a buyer abroad, usually through a correspondent bank.
+ft0Z2pZ$T [b]Collection Papers [/b]{&oq+T l0hV
The documents submitted, usually with a draft or against a letter of credit, for payment of an export shipment. b%?_+}6[
[b]Commercial Attachй [/b]!MAy%^-N~
The commercial expert on the diplomatic staff of his country's embassy or large consulate in a foreign country. Q&TD^zp~7A
[b]Commercial Invoice [/b];o M A9Dx J
A trade invoice.
%dXR!_9o/e9X#vL/e [b]Commission Agent [/b]
x7zM,e:l See "Foreign Sales Representative." %J}"_1e@AGS2Gd
[b]Commission Representative [/b]\4R^*?p#r zM
A representative or agent residing in a foreign country who acts as a salesman for a U.S. manufacturer, usually for a commission. Sometimes referred to as a "sales agent" or "commission agent."
'Fec/_-?*?%j Jp [b]Conference Line [/b]Hdi+k i2l_Td
A member of a steamship conference. See "Steamship Conference." %u3tFl7},X$ro
[b]Confirmed Letter of Credit [/b]
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S)E~ Issued by a bank abroad whose validity and terms are confirmed to the beneficiary in the United States by a U.S. bank.
Hvj[A&?P [b]Consignee [/b]The person, firm, or representative to whom a seller or shipper sends merchandise and who, upon presentation of the necessary documents, is recognized as the owner of the merchandise for the purpose of the payment of customs duties. This term is also used as applying to one to whom goods are shipped, usually at the shipper's risk, when an outright sale has not been made. See "Consignment."
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M,n*ACnG [b]Consignment [/b] ~*Y5a
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A term pertaining to merchandise shipped to a consignee abroad when an actual purchase has not been made, under an agreement by which the consignee is obligated to sell the goods for the account of the consignor, and to remit proceeds as goods are sold. w Ybh8p|7x$f
[b]Consul [/b]
nw?9g(?*R9j7c_7L A government official residing in a foreign country who is charged with the representation of the interests of his country and its nationals. 9P4S%aM x:Q4\ q3SX
[b]Consular Invoice [/b]
O tvUb^B A detailed statement regarding the character of goods shipped, duly certified by the consul of the importing country at the port of shipment. .Lr`} @+I@.E
Contingency Insurance Insurance taken out by a shipper supplementary to insurance taken out by the consignee abroad; especially to cover shipments made on a "C. & F." basis.&`4xa,|v n

yP#Y)z;`&tHJ)Y [b]Correspondent Bank [/b]
ijYNd@4Qc A bank which is a depository for another bank, accepting deposits and collecting items for its bank depositor. |}m9jL$|
[b]Country of Origin [/b]
#nCA+A1~#e"aG+` The country in which a product or commodity is manufactured or produced.
[Fq%P qwD [b]Credit Risk Insurance[/b] 'C m"PXDn5T
A form of insurance which protects the seller against loss due to default on the part of the buyer. See "FCIA."
yrS1DI!g/`A`H b1~ [b]Customs [/b]
(X'Ws|$mq} The agency or procedure for collecting duties imposed by a country on imports or exports.-L[|tT
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Rnxk [color=Red]Wanna learn,go on..............[/color]

:loveliness: So nice information. Go on go on