International trade

International trade

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

Industry: Economy

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International trade

Inland bill of lading

Economy; International trade

A bill of lading used in transporting goods overland to the exporter's international carrier. Although a through bill of lading can sometimes be used, it is usually necessary to prepare both an ...

Individually validated export licence

A required document issued by the U.S. Government authorising the export of specific commodities. This licence is for a specific transaction or time period in which the exporting is to take place. ...

General export licence

Economy; International trade

Any of various export licences covering export commodities for which Individually validated export licences are not required. No formal application or written authorization is needed to ship exports ...

Letter of credit

Economy; International trade

(L/C) - A document, issued by a bank per instructions by a buyer of goods, authorising the seller to draw a specified sum of money under specified terms, usually the receipt by the bank of certain ...

Freight forwarder

Economy; International trade

An independent business that handles export shipments for compensation. (A freight forwarder is among the best sources of information and assistance on export regulations and documentation, shipping ...

Irrevocable letter of credit

Economy; International trade

A letter of credit in which the specified payment is guaranteed by the bank if all terms and conditions are met by the drawee. Compare Revocable letter of credit.