What is DDU (Delivered Duty Unpaid)
This indicates the evolution of "door-to-door" courier contracts or carriage where the customer pays the destination customs duty and taxes… Read More
Month: May 2019
What is GATT (General Agreement on Tariffs and Trade)
The General Agreements on Tariffs and Trade is a multilateral trade deal among authorities, including obligations and rights. The rules… Read More
What is (Free Port)
An area which is usually a port and its suburb which products can be imported duty-free or subject to a… Read More
What is (Excise Tax)
A domestic tax excised on the production, sale or utilizing a product inside a country which is able to refund… Read More
What is VAT (Value Added Tax)
A kind of utilization tax which is placed on a product just as the cost added to the production level… Read More
What is (Unit Price)
The price of an item which the customer will pay and generally it is excluding the shipping cost. Read More
What is PO (Purchase Order)
The seller sends a document to the customer which contains the agreed terms like approving product order, quantity, shipping cost,… Read More
What is MOQ (Minimum Order Quantity)
The least amount of order which the seller can accept as he/she states on the listing. this subject is mostly… Read More
What is (Quotation)
An offer to sell products with specified cost and under particular condition Read More
What is PI (Pro forma invoice)
An invoice provided by a seller before the shipment of product, informing the buyer of the types and amounts of… Read More
What is (Packing List)
A list that indicates the number, kind of the shipping products and other details about the product which is needed… Read More
What is (Certificate of origin)
Some countries ask for a certain document of product for tariff purposes, the document verifies the original country of the… Read More
What is (Booking)
A"booking" is a won, signed, or dedicated sale. It is important to be aware that a booking isn't necessarily invoiceable… Read More
What is CPT (Carriage Paid To)
Similar to the seller's responsibilities in CIF plus that the shipper has to pay for the freight insurance and appointing… Read More
What is (Certificate of Manufacture)
A statement with a manufacturer, occasionally notarized, which simplifies that production was completed and the products are at the disposal… Read More
What is (Handling Charges)
a fee added on top of the product price, taxes, and shipping costs at checkout. Read More
What is (Export Broker)
A person or a company which brings both the exporter and importer together for a price, and then draws back… Read More
What is (Export)
sending or shipping any type of products and stuff to abroad and overseas countries. Read More
What is (Import License)
to import products in any country, there will be a need for some documents which are issued and approved by… Read More
What is (Certificate of inspection)
A document which proves the good condition of the product just until its shipping. Read More
What is (Bill of Lading)
A document that sets the terms of a contract between a shipper and a transportation company under which the cargo… Read More
What is EXW (Ex Works)
Describes a circumstance where the seller is responsible for getting the goods prepared at their place of business. On the… Read More
What is (Marks)
letters, numbers and/or geometric symbols which are usually followed by the title of the destination's port. for identification purposes marks… Read More
What is TW (Tare Weight)
The weight of packaging materials and containers excluding the weight of the product itself. Read More
What is GW (Gross Weight)
The full weight of a freight, including the product and packaging. Read More
What is (Freight Forwarder)
An independent business that handles export shipments to recompense. (A freight forwarder is one of the top sources of advice… Read More
What is (Customs)
The officials that are responsible to collect duties imposed by a government of a country on imports and exports. Read More
What is (Ex)
A pricing term under which the vendor's only obligation would be to clear the goods for export and also make… Read More
What is FOB (Free on board)
a term of pricing which shows the mentioned price on documents covers all the costs including the transfer of products… Read More
What is FO (Free Out)
A term in pricing which indicates that the charterer of the ship will be responsible for the value of loading… Read More
What is CNF (CFR) (Cost and Freight)
A pricing idiom that shows the price of products and cargo is added in the pricing quote, yet the price… Read More
What is CIF (Cost, Insurance and Freight)
A pricing idiom that shows the price of products, insurance and cargo is added in the pricing quote. Read More
What is WU (Western Union)
a financial service which supports international money transfers. Western Union is better be used only when you are dealing with… Read More
What is TT (Telegraphic Transfer )
A method of bank transfer which is a quick and also cheap way to transfer money through most banks, abroad. Read More
What is (Delivered Duty Paid)
kind of a transaction that the supplier (seller) has to pay all prices which belong to transporting the products. also,… Read More
What is (PayPal)
PayPal is a popular payment method for customers as it presents a considerably lower risk, ease of use, and usually… Read More
What is D/A (Documents Against Acceptance)
kind of a payment for products that the related documents of the transferring title to the products won't be accessible… Read More
What is D/P (Documents against Payments)
kind of a payment for products that the related documents of the transferring title to the products won't be accessible… Read More
What is L/C (Letter of Credit)
A Bank's issued document on the customer's purchase request, for the seller. It promises to seller, that the buyer would… Read More
What is (Escrow)
When using an Escrow service, the buyer's money is held by a 3rd party and is paid to the supplier… Read More
What is CWO (Cash with order)
A type of payment that the customer pays at the same time of placing the order the product Read More
What is CIA (Cash in advance)
A payment for products that the full price will be paid before shipping. this manner is normally utilizes for low… Read More
What is ODM (Original Design Manufacturer)
a manufacturer that designs and manufactures products as ordered and specified by another company and then rebrands the product for… Read More
What is OEM (Original Equipment Manufacturer)
the company that builds parts or subsytems which are used in another company's end products. Read More
What is (Maturity Date)
the date that is supposed to pay for a payment like bills, debts, etc. Read More
What is (Licensing)
any service or technical assistance and or the ability to use of dedicated rights like trademarking or patents, needs a… Read More
What is (Purchasing Agent (Buying Agent))
a person or a company that buys products from his/her local retailer or country on behalf of overseas importers. Read More
What is PL (Private Label)
products which are manufactured or provided by a company and are going to be offered under another company's brand. Read More
What is (White Label)
A service or product manufactured by one company and other companies use it by their brands like they've produced it Read More
What is PPC (Pay-per-Click)
A kind of online marketing which you pay a price for each time your ad is clicked by users. Read More
What is CPC (Cost-per-Click)
it is a price that you pay for each time you click on marketing campaigns. Read More
What is UPC (Universal Product Code)
the typically found 12 digits as barcode on almost any products found in the retail world. Read More
What is VA (Virtual Assistant)
A person who can help you to perform your tasks and is usually available on freelancing websites. Read More
What is RA (Retail Arbitrage)
process of purchasing products from local retailers and selling them online Read More
What is OA (Online Arbitrage)
searching for products providing by online sellers which is eligible to sell on amazon.com or other websites like ebay or… Read More
What is MSRP (Manufacturers Suggested Retail Price)
The price which the manufacturer puts on their product to sell. Read More
What is FNSKU (Fulfillment Network Stock Keeping Unit)
These are the numbers printed directly on your product labels to permit the picker's scanners to identify this merchandise as… Read More
What is Fulfillment By Merchant (FBM)
As a MF seller the process of storing the products and after that filling the orders, picking, packing and shipping… Read More
What is ASIN (Amazon Standard Identification Number)
The identification that Amazon provides to every product listed on Amazon. Every product page on Amazon has its own ASIN. Read More
What is AZ (Amazon)
abbreviation to name the world's largest e-commerce company, Amazon. Read More
What is (Arbitrage)
This is a process of purchasing stocks, bonds, foreign exchange and other merchandise in a market and instantly selling them… Read More
What is FBA (Fulfillment by Amazon)
A service that seller is able to send its products to amazon's warehouses for packing and shipping purposes. also, amazon… Read More
What is NI (Net Income)
also called as net profit or bottom line, Net income is about to reduction of total costs from total revenue. Read More
What is ROI (Return on Investment)
The money you make on the product you sell. Read More
What is Q1, Q2, Q3, Q4 (1st, 2nd, 3rd, 4th Quarter of the Year)
A quarter is a three-month period on a company's financial calendar that acts as a basis for periodic financial reports… Read More
What is COGS (Cost of Goods Sold)
the price which is paid for the stock items. It's used for tax and accounting purposes. Read More
Amazon Shares Will Reach $3,000 In 2 Years, Piper Jaffray Claims
Amazon stocks will gather $3,000 in roughly two years, which makes them worth almost $1.5 trillion, with no firm doing… Read More
Steven Mnuchin Spoke With Walmart’s CFO About Aftermaths Of Tariffs
Treasury Secretary Steven Mnuchin Opens a New Window, Stated he's spoken with Walmart CFO Brett Biggs regarding another round of… Read More
Amazon Is Bringing Video Games In Warehouses To Make Workers Have More ‘fun’
Amazon's warehouse works have complained about the working conditions not being much favorable. Thus, to make work more 'fun' and… Read More
Amazon Quietly Started Promoting Its Mall Kiosks Again
Amazon cannot seem to determine whether it needs its mini-stores inside shopping malls. After the firm decided earlier this year… Read More
Amazon Is Developing A Smart Emotion-detecting Wearable
Amazon is reportedly working on a wrist-worn gadget that's equipped to discover your emotional condition. The device would finally be… Read More