Exports of foreign origin merchandise that had previously been imported.
Read MoreReceived for shipment B/L
A bill of lading which confirms the receipt of goods by the carrier, but not their actual loading on board. This document can be accepted under letters of credit only if this is expressly permitted in the opening of the…
Read MoreRed clause L/C
A letter of credit provision allowing the beneficiary to draw partial advance payments under the credit. This provision in used to be set out in red ink, therefore red clause designation. Generally, the beneficiary is only required, in order to…
Read MoreReefer container
A controlled temperature shipping container, usually refrigerated. Refrigeration may either be mechanical, which means involving an external power supply, or by expendable refrigerant (dry ice, liquefied gases, etc.), which requires no external power supply.
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