FOB: Free On Board, a term that indicates that the seller delivers the merchandise at the port of shipment and assumes the costs up to that point.
CIF: Cost, Insurance and Freight, a term that indicates that the seller must pay the freight, insurance and costs up to the agreed port of destination.
FTA: Free Trade Agreement, free trade agreement between two or more countries that establishes the elimination of tariffs and trade barriers.
AWB: Air Waybill, air transport document that certifies the transport contract between the sender and the airline.
Familiarity with these and other acronyms and abbreviations is essential to effectively navigate international trade. It is also important to stay abreast of updates and changes in trade regulations to avoid potential confusion or errors in operations.
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Maximize your knowledge in international oman number trade: Essential acronyms and abbreviations
Maximize your knowledge in international trade: Essential acronyms and abbreviations
In the world of international trade, it is essential to be aware of the most commonly used acronyms and abbreviations . These abbreviations often represent organizations, trade agreements, legal terms, and other important concepts in the field of international trade.
Main acronyms and abbreviations:
WTO: World Trade Organization
EU: European Union
FTA: Free Trade Agreement
INCOTERMS: International Commercial Terms
FOB: Free On Board
CIF: Cost, Insurance and Freight.
It is important to note that secondary packaging not only serves a logistical function, but also has an impact on the presentation and perception of the product by the consumer.
Benefits of secondary packaging:
Protects the product from damage during transport.
Facilitates handling and storage of the product.
Helps differentiate the brand at the point of sale.