5 International Trade Terms to Know + A Bonus: Week 4


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Welcome back for another installment of International Trade Terms to Know. Last week we looked at international trade terms starting with C.This week we’re looking to learn some D’s. Let’s learn some terms!

Note that these terms are culled from our Trade Dictionary on www.globial.com. If you’re ever looking to learn something, you can always sign up for free on Globial. Not only that, you can also ask questions, find new business opportunities, and network with other businesses!

When you’re just starting out as an international business, it’s easy to be overwhelmed by all the unfamiliar lingo and words used in the global trade. That’s why we’re here, bringing you 5 trade terms every week to help build your foundation, increase your knowledge, and help you get an edge on a global scale.

Date Draft : A draft which matures a specified number of days after the date it is issued.

Date of Issue : An arbitrary date on a contract or financial instrument that is determined as the date from which the term runs.

DDP (Delivered Duty Paid) : The seller completes his obligation to deliver the goods only once the goods are made available at the named place in the country of importation. The seller must cover all risks and costs for importation such as duties, taxes, and other related charges.

DDU (Delivered Duty Unpaid) : The seller completes his obligation to deliver the goods only once the goods are made available at the named place in the country of importation. The seller must cover all risks and costs associated with bringing the goods to the country of importation. Taxes, duties, and other related charges are instead covered by the buyer.

Deadweight : Refers to the maximum weight that a vessel can carry so that the vessel, when in the water, settles at the Plimsoll line.

And today’s two bonus words:

Dealer : An individual or firm who purchases goods for resale.

Debtor Nation : A nation that has more foreign currency obligations than is owed by other nations.

Learn the terms and you’ll be able to speak with confidence about international business. See you next week!

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  1. […] for this week’s installment of International Trade Terms to Know. Last week, we looked at international trade terms starting with D. This week we’re doing the E’s. Let’s get to learning, shall […]



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