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Assembly operations

An assembly operation is a variation of the subsidiary. A foreign production plan might be set up simply to assemble components manufactured in the domestic market or elsewhere. The exporting company may try to retain key component manufacture in the…

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Assignee

A party to whom all or part of the procedures of a letter of credit have been formally pledged, usually through a bank.

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Assignment

1. In law, the transfer of rights, title, interests and benefits of a contract or financial instrument to a third party. 2. In letters of credit, the beneficiary of the letter of credit is entitled to assign his/her claims to…

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Assignor

A letter of credit beneficiary who formally pledges all or part of the L/C procedures to one or more third parties, usually by executing an assignment of proceeds document at a bank.

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Assist

A customs term for types of help rendered to a seller by a buyer, such as production tooling, design work, etc. Under certain circumstances, in some countries, the dutiable value of imported goods must be increased by the value of…

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