In international trade, an individual or firm that brings together buyers and sellers for a fee without taking part in actual sales transactions. Due to the sporadic nature of his/her work, at the end of it, the intermediary does not…
Read MoreIntermediate consignee
Any party shown in the consignee field of a transport document other that the party for whom the shipment is destined. Typical intermediate consignees include buyer-appointed customs brokers or banks taking a security interest in shipped goods.
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The coordinated transport of freight, especially in connection with relatively long-haul movements using any combination of freight forwarders, piggyback, containerization, air-freight, ocean freight, assembles and motor carriers.
Read MoreInternational agreement
A broad term for legally binding arrangements covered by international law between or among countries. Such arrangements are variously titled as treaties, conventions, protocols, annexes, accords and memoranda of understanding, notes, pacts, declarations, statutes, constitutions and processes-verbal. The title is…
Read MoreInternational Arrangement on Export Credits
An agreement among the members of OECD (Organization for Economic Cooperation and Development) governments that they will not lower interest rates for export credits below specified levels or offer most tied-aid credits without informing other OECD governments.
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