Business English >> Advanced Vocabulary >> International Trade Terms Matching

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Advanced Vocabulary

International Trade Terms Matching

Match the trade terms with their descriptions by writing the appropriate number in each blank.

Terms:

  1. FOB
  2. Certificate of Origin
  3. CIF
  4. Letter of Credit
  5. Pro Forma Invoice
  6. Bill of Lading
  7. Quota
  8. Trade Agreement

Match these descriptions:

  1. An agreement between countries setting out the rules for trade between them. ____
  2. It's a bank guarantee that ensures the seller will be paid by the buyer's bank upon delivery of goods. ____
  3. It's a document that certifies the country in which the goods were manufactured. ____
  4. It's the official document issued by the carrier, listing the goods being shipped. ____
  5. This includes the cost of goods, insurance, and freight in the price quoted to the buyer. ____
  6. This limits the number or value of goods that can be imported over a set period. ____
  7. This preliminary bill is sent to the buyer before the goods are shipped. ____
  8. This term means the seller covers the cost of getting the goods on the ship, after which the buyer takes responsibility. ____

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