9 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
Gross weight
Economy; International trade
The full weight of a shipment, including goods and packaging. Compare Tare weight.
Free-trade zone
Economy; International trade
A port designated by the government of a country for duty-free entry of any nonprohibited goods. Merchandise may be stored, displayed, used for manufacturing, etc., within the zone and reexported ...
Force majeure
Economy; International trade
The title of a standard clause in marine contracts exempting the parties for nonfulfillment of their obligations as a result of conditions beyond their control, such as earthquakes, floods, or war.
Foul bill of lading
Economy; International trade
A receipt for goods issued by a carrier with an indication that the goods were damaged when received. Compare Clean bill of lading.
Foreign sales agent
Economy; International trade
An individual or firm that serves as the foreign representative of a domestic supplier and seeks sales abroad for the supplier.
Foreign exchange
Economy; International trade
The currency or credit instruments of a foreign country. Also, transactions involving purchase or sale of currencies.
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