Business Negotiation in English

Part 3 - Useful vocabulary and phrases

  IMPORT/EXPORT

Vocabulary Definition
bill of landing (n) list of goods and shipping instructions; waybill
c&f cost & freight: includes shipping to named port but not insurance
c.i.f. cost, insurance & freight: includes insurance and shipping to named port
cargo (n) goods or products that are being transported or shipped
certificate of origin (n) a document that shows where goods come from
customs (n) 1 government tax or duty on imported goods 2 the people who collect this tax
declare (v) to make a statement of taxable goods
customs delaration form (n) an official document that lists and gives details of goods that are being imported or exported
f.a.s. free alongside ship [includes delivery to quayside but not loading]
f.o.b. free on board: includes loading onto ship
freight (n) goods being transported; cargo
irrevocable (adj) that cannot be undone; unalterable, e.g. irrevocable letter of credit n.
letter of credit (n) a letter from a bank authorising a person to draw money from another bank
merchandise (n) things bought and sold; commodities; wares
packing list (n) a document that is sent with goods to show that they have been checked
pro forma invoice (n) an invoice or request for payment sent in advance of goods supplied
quay (n) a solid, artificial landing place for (un)loading ships; wharf
ship (v) to send or transport by land, sea or air
shipment (n) a load of goods sent by sea, road, or air, or the act of sending them
shipping agent (n) a person acting for or representing a ship or ships at a port
waybill (n) list of goods and shipping instructions

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