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Ch. 12 vocab

AB
Commercial Invoice: “A document used in cross-border trade that summarized the entire transaction and contains key information such as a description of the goodsthe terms of sale and payment
Incoterms 2000: “Terms of sale for international transaction that representfrom the seller’s viewpoint
International Freight Forwarders: “An international trade specialist that can handle either vessel shipments or air shipments and that offers a number of different functions such as booking space on carriersobtaining consular documents
Nonvessel-operating common Carrier (NVOCC): “In international tradea firm that provides carrier services to shippers but owns no vessel himself”
Shipper’s export declaration (SED): - “Contains relevant export transaction data such as the transportation modestransaction participants
Terms of Sale: “For international transactionrefer to determining when and where to transfer between buyer and seller


Business Educator
Tri-County High School
Wolcott, IN

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