Terms used in international trade business such as Export ,Export broker,Export credit insurance,Export house,Export invoice, Export Licenses

ation Code (EIC) - Code used by the AES to qualify the nature of the export of the particular product. For UnzHazmat® software: a drop down menu from which you must select the qualified nature of the exported product.

 

Export invoice: part of the documentation needed if you ship your goods abroad. It should contain a full description of your goods, their price, weight and country of origin.

 

Export Letters of Credit and Drafts - This manual will help you instruct your international customers in opening a letter of credit and guide you through the procedures to take when you can't comply with the stipulations of the credit or collect your money.

 

Export letters of credit:An export letter of credit is used in trade transactions, and guarantees payment to the Seller as long as proper documentation regarding the transaction is received and is provided to the issuer of the letter of credit. An export letter of credit is used to reduce the supplier’s (exporter’s) risk of non-payment from their overseas buyers and can expedite payments to the supplier when they comply with the requirements of the letter of credit. The buyer’s bank commits to ensuring payment to the supplier when the terms and conditions of the letter of credit have been met, usually based on presenting the correct documents as required in the letter of credit.

 

Export Licenses:An export license grants permission to conduct a certain type of export transaction. It is issued by the appropriate licensing agency after a careful review of the facts surrounding the given export transaction. Most export transactions do not require specific approval in the form of licenses from the U.S. Government. Exporters should learn which federal department or agency has jurisdiction over the item they are planning to export in order to find out if a license is required.

 

Export management company - A private firm that serves as the export department for several producers of goods or services, either by taking title or by soliciting and transacting export business on behalf of its clients in return for a commission, salary, or retainer plus commission.

 

EXPORT MANAGEMENT COMPANY (EMC):A firm that acts as a complete export arm for a companys exporting needs. Usually an EMC will pay all expenses and receive compensation in the form of a discount off the U.S. price of the product. An organization which, for a commission, acts as a purchasing agent for either a buyer or seller.

 

Export Marketing and Sales - This manual focuses on how to establish an export sales network of foreign sales agents or distributors, including step-by-step instructions for identifying, evaluating, selecting, training, motivating and managing foreign sales representatives.

 

Export merchant - Company that buys products directly from manufacturers, then packages and marks the merchandise for resale under its own name.

 

Export packing list: this is attached to the outside of the package to be shipped and specifies the weight, volume and type of cargo.

 

Export preferences: preferential rates of duty charged on certain goods exported from the UK, in effect allowing the buyer to benefit from a lower or zero rate of Customs duty.

 

Export quota - Restriction or set objective on the export of specified goods imposed by the exporting country's government. May be intended to protect domestic producers and consumers from temporary shortages of certain materials or as a means to moderate world prices of specified commodities. Commodity agreements sometimes contain explicit provisions to indicate when export quotas should go into effect among producers.

 

EXPORT RATE: A freight rate specially established for application on export traffic and generally lower than the domestic rate.

 

Export Regulations, Documentation and Procedures - This is our most complete book on the export process including topics such as contract negotiation, Incoterms, pricing, customs and tariff planning, the Automated Export System (AES), and more.

 

Export Subsidies: Any form of government payment that helps an exporter or manufacturing concern to lower its export costs.

 

Export trading company - A firm similar or identical to an export management company.

 

EXPORT TRADING COMPANY (ETC): A business that acts as a complete export service house and, in addition, takes title to a companys exported goods.

 

Export:To send goods to a foreign country or overseas territory.

 

The above details describes about terms called in international trade business such as expatriate manager,Export ,Export broker,Export credit insurance,Export house,Export invoice, Export Licenses,Export Marketing and Sales,Export quota,Export Subsidies,Export packing list etc. These phrases may help importers and exporters on their day to day export import business activities. The readers can also add more information about terms used in international business trade below this post.Terms used in international trade business such as Expropriation,ex work.,freight prepaid,f.o.b. vessel,factoring houses,Factoring 

 

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Terms used in international trade business such as Export ,Export broker,Export credit insurance,Export house,Export invoice, Export Licenses etc.

 

 

This post explains about terms used in international trade business such as expatriate manager,Export ,Export broker,Export credit insurance,Export house,Export invoice, Export Licenses,Export Marketing and Sales,Export quota,Export Subsidies,Export packing list etc. These terms used in international business are arranged in alphabetical order and you may add more information about terms used in export business at the end of this article, if you wish.

 

Terms used in international trade business

 

expatriate manager:A national of one country appointed to a management position in another country.

 

Expiration Date:The final date upon which the presentation of documents and drawing of drafts under a letter of credit may be made.

 

Expiration date:The last day on which an option can be exercised.

 

Terms used in international trade  business such as Export ,Export broker,Export credit insurance,Export house,Export invoice,Expiry date: The date when a letter of credit is no longer valid - i.e. the date beyond which it cannot be used.

 

Exploring International Trade Options - If you or your company are considering entering the international trade market, this basic reference book is just for you.

 

Export - To send or transport goods out of a country for sale in another country. In international sales, the exporter is usually the seller or the seller’s agent. Compare Import.

 

Export Administration Regulations (EAR)- The U.S. regulations governing the export of all goods not specifically subject to the control of some other federal agency. (Example: military goods fall under exclusive jurisdiction of the State Department's Traffic in Arms regulations). Export Administration Regulations provide specific instructions on the use and types of licenses required and the types of commodities and technical data under control. These regulations are found in Title 15, Code of Federal Regulations, Parts 730 through 774.

 

Export broker - An individual or firm that brings together buyers and sellers for a fee but does not take part in actual sales transactions.

 

Export Cargo Shipping Instruction (ECSI): issued by exporters to the freight forwarder or carrier, telling them what the goods are, the terms and conditions for movement of the goods and cost allocation.

 

Export commission house - An organization which, for a commission, acts as a purchasing agent for a foreign buyer.

 

Export Control Classification Number (ECCN) - All commodities, technologies and software have an export control classification number (formerly: Export Control Commodity Number) within the Commerce Control List (CCL); 15 CFR Part 774, Supplement 1.

 

Export credit insurance - Exporter’s insurance provided either by a private supplier or government agency against non-payment by importer and certain other risks depending on the type of policy.

 

Export Credits Guarantee Department (ECGD): the UK Government's official export credit agency. It helps UK manufacturers and investors trade overseas by providing them with insurance and backing for finance to protect against non-payment. For more information visit the Export Credits Guarantee Department website.

 

Export declaration - Required by the U.S. Department of Commerce to control exports and to act as a source document for export statistics. It includes complete particulars on the shipment. Common abbreviation is Ex Dec.

 

Export Documentation and Shipping - A step-by-step guide through the various layers of an international transaction beginning with the responsibilities and liabilities of the seller and the buyer.

 

Export house: intermediary organisation between an exporter and a buyer.

 

Export Identific


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