English Vocabulary for International Trade - VV32 | Business English Vocabulary

English for International Trade | Business English Vocabulary
Download more lessons at https://www.businessenglishpod.com/

In this Video Vocab lesson, we'll look at business English vocabulary, words and phrases for international trade.

The journey starts with finished merchandise being inspected and given a certificate of manufacture.

The seller will then issue a pro forma invoice, while the buyer may obtain a letter of credit to finance the payment. Next, the seller will draw up a bill of lading and arrange shipment under internationally agreed Incoterms such as CFR, CIF and FOB.

On arrival, merchandise is often stored in a bonded warehouse until the import tax, or duty, is paid. A customs broker may then help clear the goods through customs.

More English videos available @Business English Pod - Learn Business English

Видео English Vocabulary for International Trade - VV32 | Business English Vocabulary канала Business English - Learn with Business English Pod