Acronym used in proforma invoices and commercial invoices to express that the merchandise shipped, usually samples. do not have commercial value and therefore do not pay tariffs in customs clearance.
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A transport document showing that shipment has been made with a designated carrier. For vessel shipments, the consignee field will not contain the word “order”, but will include the name of the party entitle to claim the cargo. Since a…
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Market access barriers that result from prohibitions, restrictions, conditions or specific requirements and make importing products difficult and/or costly. The term covers any restriction or quota, charge, or policy (other that traditional customs duties), domestic support programmes, discriminatory labelling and…
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A customs term meaning the price at which merchandise is sold or offered for sale in principal markets of the country from which it is exported. In some countries a comparison of the price said paid or payable by a…
Read MoreNostro account
A bank account held by a bank with its foreign correspondent bank, in the currency of the foreign country.
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