Bilateral trade: Meaning, advantages, and disadvantages

Bilateral trade refers to the exchange of goods and services between two nations, typicall...

Bill of Lading: Meaning, Types, Example, and Purpose

1. What is a Bill of Lading? A Bill of Lading (B/L) is a crucial document in international...

What does C&F (Cost and Freight) mean?

In the realm of international trade, various terms and practices govern the transactions b...

What Is Minimum Order Quantity (MOQ)?

Minimum Order Quantity (MOQ) is a term widely used in international trade and commerce, pa...

What is FOQ (Full Order Quantity)?

In the realm of international trade, efficient inventory management stands as a cornerston...

Cash Against Documents (CAD) in International Trade

1. What is Cash Against Documents? Cash Against Documents (CAD) is a method of payment com...

What is telegraphic transfer?

A telegraphic transfer, commonly known as TT, is a method of electronically transferring f...

DPU (Delivered at Place Unloaded): Understanding the Incoterm

DPU, or Delivered at Place Unloaded, is an international trade term used in the context of...

What is Trade Surplus？

What describes a trade surplus? A trade surplus occurs when a country exports more goods a...

What does dumping mean?

Dumping refers to the practice of selling goods in a foreign market at a price lower than...