5 Terms
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International trade
The buying and selling of goods, services and capital across international borders or territories.
Industry: Economy
Add a new termContributors in International trade
International trade
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.
Standard industrial classification
Economy; International trade
(SIC) - A standard numerical code system used to classify products and services.
Ship's manifest
Economy; International trade
An instrument in writing, signed by the captain of a ship, that lists the individual shipments constituting the ship's cargo.
Sight draught
Economy; International trade
(S/D) - A draught that is payable upon presentation to the drawee. Compare Date draught and Time draft.
