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What does tt prior to shipment mean in payment terms?
"TT prior to shipment" refers to a payment term where the buyer is required to make a telegraphic transfer (TT) of funds to the seller before the shipment of goods occurs. This means that the seller expects to receive full payment in advance, ensuring that they have been compensated before the products are dispatched. This term is commonly used in international trade to mitigate the risk of non-payment.
What is the mathamatical term for mean?
The mathematical term for "mean" is "mean".The popular, or colloquial term for "mean" is "average".
What are two words that mean the same as assist?
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Is the new term of DAP same as DDU?
No, the new term DAP (Delivered at Place) is not the same as DDU (Delivered Duty Unpaid). While both terms indicate that the seller is responsible for delivering goods to a specified location, DAP requires the seller to clear the goods for export and deliver them ready for unloading, but does not include payment of import duties. In contrast, DDU, which is an older term, also involved the seller delivering goods without having paid import duties, but has been largely replaced by DAP in modern shipping terminology.
What does ciffo mean in the shipping terms?
In shipping terms, "CIF" stands for "Cost, Insurance, and Freight." It refers to a pricing structure where the seller is responsible for the costs of transporting goods to the buyer's destination, including insurance and freight charges. The seller must pay for the shipping and insurance until the goods reach the specified port of destination, after which the responsibility transfers to the buyer. This term is commonly used in international trade contracts.
What does product identity mean?
•A name, term, sign, symbol or design, or a combination of these indented to identify the goods or services of one seller or group of seller and to differentiate them from those of competitors.
Who is going to pay the cic and ebs if term with seller is fob?
seller
What does colletrial mean?
I am not familiar with the term "colletrial." It may be a misspelling or an uncommon term. Can you provide more context or clarify the term for me to better assist you?
What does seller issues POP to buyer mean?
seller issues POP to buyer mean
What does slavage mean?
I'm not aware of the term "slavage." It might be a misspelling or a specialized term. Could you provide more context or clarify the term so I can assist you better?
What does solish mean?
I'm not familiar with the term "solish." It may be a typo or uncommon term. Can you provide more context or clarify so I can better assist you?
What does crateke mean?
I am not familiar with the term "crateke." It may be a misspelling or obscure term. If you provide more context or information, I may be able to assist you further.
What does the term horse for sale mean?
The term "horse for sale" is used in horse trading. It general means there is not a set price on the horse and the buyer should contact the seller to get more details.
What does 7 days nett mean?
This term indicates that the seller expects you to pay within 7 days, and the nett part means that there is no discount.
What is a unit of insurance?
A marketing term that is defined by the seller.
What term is used when a shipment is owned by the seller up to the point of destination and the seller pays the transportation costs?
FOB
What does delivery term cnf mean?
CNF stands for Cost and Freight, a delivery term where the seller pays for the carriage of the goods to the destination port. The seller is also responsible for export customs clearance. Once the goods arrive, the buyer is responsible for import customs clearance and any applicable duties or taxes.
