Document issued by a freight forwarder or freight consolidator indicating goods have been received from the seller and are being held at the disposal of the buyer.

Any company that may transport goods for payment, such as an ocean vessel, aircraft, truck, train, or courier service.

National government authorities that control imports, inspect imports, and collect duties levied on both imports and exports

To bring goods into a country whose origin is in another country. The importer is usually the buyer or their agent.

A financing instrument issued by a bank in favor of an exporter that substitutes the bank's creditworthiness for that of the importer. instrument issued by a bank in favor of an exporter that substitutes the bank's creditworthiness for that of the importer. exporter that substitutes the bank's creditworthiness for that of the importer.

The beneficiary delivers the documents to the advising bank to negotiate on the seller's behalf. beneficiary delivers the documents to the advising bank to negotiate on the seller's behalf. beneficiary delivers the documents to the advising bank to negotiate on the seller's behalf.

Indemnity given by the beneficiary of a letter of credit to the negotiating bank to induce payment despite any discrepancies that may exist in the documents. given by the beneficiary of a letter of credit to the negotiating bank to induce payment despite any discrepancies that may exist in the documents. beneficiary of a letter of credit to the negotiating bank to induce payment despite any discrepancies that may exist in the documents. negotiating bank to induce payment despite any discrepancies that may exist in the documents.

Typically, a commercial invoice, bill of lading, insurance certificate, and consular invoice. invoice, bill of lading , insurance certificate , and consular invoice. bill of lading, insurance certificate, and consular invoice.

The person or company that sells or arranges to transport goods out of a country.

The bank that receives a letter of credit issued by the applicant's bank (the issuing bank) and forwards it to the beneficiary without assuming any responsibility or liability other than to verify the authenticity of the letter of credit.

The person or company due payment in the letter of credit. Usually the exporter (seller).

After the seller presents the required documents to this bank for review, it will notify the issuing bank that terms of letter of credit have been met.

Document signed by a transportation company ("carrier") to show receipt of goods for transportation from and to the points indicated.

A commercial invoice that has been reviewed by the Consulate of the buyer's country for the purpose of determining the value and quantity of the shipment and to ensure that no indigenous laws or regulations governing imports are being broken.

A document issued by an insurance company covering a particular shipment of merchandise.

Document which shows the terms of a sale. Includes a full description of the goods, sale price, charges, and discounts.

The party (generally buyer/importer) for whose account a letter of credit is established.

Also known as the opening bank. It issues its commitment to the seller in the form of a letter of credit. opening bank. It issues its commitment to the seller in the form of a letter of credit.

The person or company that sells or arranges to transport goods out of a country.

A right to the payment of money such as agency notes, commercial paper, T-Bills, certificates of deposit (CD's), banker's acceptances and repurchase agreements.

The bank that receives a letter of credit issued by the applicant's bank (the issuing bank) and forwards it to the beneficiary without assuming any responsibility or liability other than to verify the authenticity of the letter of credit.

The person or company due payment in the letter of credit. Usually the exporter (seller).

Compensation paid for damage or loss sustained or anticipated.

The account party's bank that issues or opens the credit.

After the seller presents the required documents to this bank for review, it will notify the issuing bank that terms of letter of credit have been met.

Document signed by a transportation company ("carrier") to show receipt of goods for transportation from and to the points indicated.

A commercial invoice that has been reviewed by the Consulate of the buyer's country for the purpose of determining the value and quantity of the shipment and to ensure that no indigenous laws or regulations governing imports are being broken.

A document issued by an insurance company covering a particular shipment of merchandise.

The unsecured promissory notes of large, financially sound corporations.

A medium of exchange; coined or stamped currency.