In letters of credit, at the request of an applicant, the issuing bank may give a pre-advice of issuance and/or amendment of the letter of credit. A pre-advice is usually marked with a reference such as “full details to follow”….
Read MorePre-carriage
Transportation from the place where a shipping originates to the departure point on the seller´s side. Pre-carriage brings the goods to the main carrier, and is often called “inland freight on the seller´s side”.
Read MorePre-qualified suppliers list
A list of suppliers that a government agency has pre-approved as capable of delivering specific goods or services.
Read MorePre-shipment inspection (PSI)
An inspection of contract goods prior to shipment so as to ascertain their quality, quantity or price. Importers may insist on PSI, requiring the exporter to furnish a certificate of inspection – commonly issued by neutral, internationally respected firms such…
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