International trade

International trade

The buying and selling of goods, services and capital across international borders or territories.

Industry: Economy

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Contributors in International trade

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International trade

Tramp steamer

Economy; International trade

A ship not operating on regular routes or schedules.

Shipper's export declaration

Economy; International trade

A form required for all shipments by the U.S.Treasury Department and prepared by a shipper, indicating the value, weight, destination, and other basic information about an export shipment.

Standard international trade classification

Economy; International trade

(SITC) - A standard numerical code system developed by the United Nations to classify commodities used in international trade.

Revocable letter of credit

Economy; International trade

A letter of credit that can be cancelled or altered by the drawee (buyer) after it has been issued by the drawee's bank. Compare Irrevocable letter of credit.