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:
- FOB
- Certificate of Origin
- CIF
- Letter of Credit
- Pro Forma Invoice
- Bill of Lading
- Quota
- Trade Agreement
Match these descriptions:
- An agreement between countries setting out the rules for trade between them. ____
- It's a bank guarantee that ensures the seller will be paid by the buyer's bank upon delivery of goods. ____
- It's a document that certifies the country in which the goods were manufactured. ____
- It's the official document issued by the carrier, listing the goods being shipped. ____
- This includes the cost of goods, insurance, and freight in the price quoted to the buyer. ____
- This limits the number or value of goods that can be imported over a set period. ____
- This preliminary bill is sent to the buyer before the goods are shipped. ____
- This term means the seller covers the cost of getting the goods on the ship, after which the buyer takes responsibility. ____