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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 ‪@BusinessEnglishPod‬

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