
International Trade Vocabulary
Authored by Myrian Souza
English, Professional Development
University - Professional Development
Used 78+ times

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12 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Goods that are bought and sold in trade. If being shipped or moved, it may be called FREIGHT or CARGO.
Merchandise
Shipment
Export
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A certificate certifying that the goods have been made to the buyer’s specifications.
CERTIFICATE OF ORIGIN
CERTIFICATE OF SALE
CERTIFICATE OF MANUFACTURE
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
It shows that the goods meet the required standards prior to shipment.
CERTIFICATION OF QUALITY
CERTIFICATE OF INSPECTION
CERTIFICATE OF ORIGIN
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Before a supplier sends merchandise to a buyer, the supplier provides this document listing the quantity, value and specifications of the merchandise.
BILL OF LADING
INVOICE
PRO FORMA INVOICE
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
This document is a guarantee that payment will be made when the seller meets the conditions sale.
LETTER OF CREDIT
LETTER OF INSURANCE
LETTER OF SALES CONDITION
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
It's a contract or agreement between an exporter and a transportation company. It contains a list of the goods being carried and it must remain with the merchandise at all times.
BILL OF LADING (BL)
LETTER OF CREDIT
CERTIFICATE OF QUALITY
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
It means the seller is responsible for the goods until they are loaded. The seller must pay all costs related to getting the goods to port and onto vessel.
INCOTERMS – FREE ON BOARD
INCOTERMS – COST & FREIGHT (CFR)
INCOTERMS – COST INSURANCE FREIGHT (CIF)
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