Your Trade Dictionary

From A to Z, discover the meanings behind trade’s most used and often misunderstood terms with our in-depth trade glossary.

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Glossary Alphabet
Letter of Credit (LC)

A document from a bank guaranteeing that a seller will receive payment on time and for the correct amount. It is used to mitigate risk in international transactions.

Freight Forwarder

An agent or company specializing in arranging storage and shipping of goods on behalf of their shippers. They offer all necessary logistics and documentation required for international shipping.

Customs Duty

Taxes imposed on goods when they are transported across international borders, usually calculated based on the product's value or quantity.

Bill of Lading (B/L)

A document issued by a carrier or its agent, confirming the receipt of cargo for shipment. It serves as proof of ownership and is essential for international trade transactions.

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