Trade Tips

T/T Means Telegraphic Transfer, or Simply Wire Transfer

Jun 14, 2012

T/T means telegraphic transfer, or simply wire transfer. It's the simplest and easiest payment method to use. T/T payment in advance is usually used when the sample and small quantity shipments are transported by air. The reason why is ...

Tags: payment

A Certificate of Origin Is a Document Used in International Trade

Jun 12, 2012

A Certificate of Origin (often abbreviated to CO or COO) is a document used in international trade. It is a printed form, completed by the exporter or its agent and certified by an issuing body, attesting that the goods in a particular ...

Tags: Certificate

Specified Goods Have Been Received on Board

Jun 11, 2012

International ocean freight bill of lading in the International shipping ocean freight industry also referred as a B/L or BOL. This shipping document used for shipping freight overseas by sea issued by an International ocean freight carrier ...

Tags: dd

What Is a Letter of Credit?

May 25, 2012

What is a Letter of Credit? A Letter of Credit is a payment term generally used for international sales transactions. It is basically a mechanism, which allows importers/buyers to offer secure terms of payment to exporters/sellers in ...

Tags: Credit

Incoterms - a.k.a. Trade Terms Are Key Elements of International Contracts of Sale

May 14, 2012

What are Incoterms Incoterms - a.k.a. Trade Terms are key elements of international contracts of sale. They tell the parties what to do with respect to carriage of the goods from buyer to seller, and export & import clearance. They also ...

Tags: f