Archive
Trade Terms
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Bill of Lading
A bill of lading is a document issued by a sea carrier that confirms receipt of cargo, evidences the contract of carriage…
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Payment Terms
Payment terms define the timing and method by which a buyer settles an invoice, such as advance payment, payment against documents, letter…
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Certificate of Origin
A certificate of origin is an official document confirming the country where goods were produced or substantially transformed, determining eligibility for preferential…
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CIF (Cost, Insurance and Freight)
Cost, Insurance and Freight is an Incoterms 2020 rule for sea and inland waterway transport under which the seller pays freight to…
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Commercial Invoice
The commercial invoice is the seller’s billing document describing the goods, quantities, unit prices, total value, currency, delivery terms and parties. Customs…
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MOQ (Minimum Order Quantity)
MOQ, or Minimum Order Quantity, is the smallest amount a supplier is willing to sell in one order. In B2B food trade…
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FCL (Full Container Load)
FCL meaning full container load is a shipping arrangement in which a single consignee’s cargo occupies an entire container, making it the…
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What does MOQ mean in B2B food sourcing?
MOQ is the minimum order quantity a supplier accepts per product, usually per SKU. What drives it in frozen food and how…