Glossary
Plain English explanations of trade, shipping and sourcing terms used in international trade.
D
DDP (Shipping)General
Delivered Duty Paid. The seller is responsible for delivering goods to the buyer's location, coverin...
E
EXW (Shipping)General
Ex Works. The buyer takes full responsibility for collecting goods from the seller's premises and co...
F
FOB (Shipping)General
Free On Board. The seller delivers goods to the named port of shipment. Risk transfers to the buyer ...
I
Incoterms (Trade Documents)General
International Commercial Terms. A set of 11 rules defined by the ICC that clarify the responsibiliti...
M
MOQ (General) General
Minimum Order Quantity. The smallest number of units a supplier will accept in a single order.