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Terms Used in International Trade

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Trade Term / Price Term


world / international market price

FOB (free on board)

C&F (cost and freight)

CIF (cost, insurance and freight)

freight

wharfage

landing charges

customs duty

port dues

import surcharge

import variable duties

commission

return commission

price including commission

net price

wholesale price

discount / allowance

retail price

spot price

current price

indicative price

customs valuation

price list

total value


All Risks


F.P.A. (Free from Particular Average)

W.A. / W.P.A (With Average or With Particular Average)

War Risk

F.W.R.D. (Fresh Water Rain Damage)

Risk of Intermixture and Contamination

Risk of Leakage

Risk of Odor

Risk of Rust

Shortage Risk

T.P.N.D. ( Theft, Pilferage & Non-delivery)

Strikes Risk


Trade Organization


WTO (World Trade Organization)

IMF (International Monetary Fund)

CTG (Council for Trade in Goods)

EFTA (European Free Trade Association)

AFTA (ASEAN Free Trade Area)

JCCT (China-US Joint Commission on Commerce and Trade)

NAFTA (North American Free Trade Area)

UNCTAD (United Nations Conference on Trade and Development)

GATT (General Agreement on Tariffs and Trade)


Trade Method Terms


stocks

cash sale

purchase

bulk sale

distribution channels

wholesale

retail trade

hire-purchase

fluctuate in line with market conditions

unfair competition

dumping

dumping profit margin

antidumping

customs bond

chain debts

freight forwarder

trade consultation

mediation of dispute

partial shipment

restraint of trade

RTA (Regional Trade Arrangements)

favorable balance of trade

unfavorable balance of trade

special preferences

bonded warehouse

transit trade

tariff barrier

tax rebate

TBT (Technical Barriers to Trade)


import & Export Terms


commerce, trade, trading

inland trade, home trade, domestic trade

international trade

foreign trade, external trade

import, importation

importer

export, exportation

exporter

import licence

export licence

commercial transaction

inquiry

delivery

order

make a complete entry

bad account

Bill of Lading

marine bills of lading

shipping order

blank endorsed

endorsed

cargo receipt

condemned goods

catalogue

customs liquidation

customs clearance


Trade Partner


manufacturer

middleman

dealer

wholesaler

retailer, tradesman

merchant

concessionaire, licensed dealer

consumer

client, customer

buyer

carrier

consignee


 

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