HS numbers are used for customs purposes, collecting import and export statistics, and for cross-referencing freight and transport documentation. Bill of lading or other receipt evidencing shipment from point of origin to port or other intermediate point rather than to final destination. A document, issued by a bank per instructions by a buyer of goods, authorizing the seller to draw a specified sum of money under specified terms, usually the receipt by the bank of certain documents within a given time. Directions to be followed by bank presenting a draft for acceptance or payment. A firm which acts as an export sales agent for several no-competing manufacturers.
Business is transacted under the name of the agent firm.
An insurance which will compensate the owner of goods transported overseas in the event of loss which cannot be legally covered from the carrier. Every article of foreign origin, or its container, imported into the United States shall be permanently marked in a conspicuous place in a manner which would indicate to the ultimate purchaser the English name of the country or origin of the article. A trade arrangement in which goods are shipped to a foreign buyer without guarantee of payment by a third party. The obvious risk this method poses to the exporter makes it essential that the buyer's integrity be unquestionable. These loans carry the unconditional guarantee of the Export Import Bank of the United States.