5 International Trade Terms to Know + 3 Bonus: Week 6


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It’s that time again! It’s time for this week’s installment of International Trade Terms to Know. Last week, we looked at international trade terms starting with E. This week we’re doing the F’s. Let’s get to learning, shall we?

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.

Facilitation : The process in which a person or company sets up and runs a successful meeting.

Factoring : The term for a financial transaction, when a business sells its accounts receivable to another party (called a factor) at less than full value, in exchange for a quick payment with which to finance continued business. (Ex. If company A sold its accounts receivable to company B at a discount, then company A is Factoring and company B is the factor)

Factor’s Lien : The right of a party to hold on to property or goods of another party until the proper amount owed to the company is paid.

Factorage : The allowance or commission that is paid to an agent, a person conducting business on behalf of another person.

Fair Value : The reasonable and unbiased estimate of the market price of a good.

And here’s the three bonus:

FAS (Free Alongside Ship named port of shipment) : An agreement in which the seller is responsible to deliver goods to the vessel that was designated by the buyer. The word alongside means that the goods delivered have to be in reach of the ships lifting tackle.

Fast Track : The process of doing more things at the same time in order to finish a job ahead of schedule.

FCA (Free Carrier named place) : An agreement in which the seller is responsible to deliver goods to airport or terminal designated by the buyer. The condition and responsibility of the goods are then transferred over to the buyer.

Come back again next week for the next installment of International Trade Terms to Know!

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



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