The flashcards below were created by user
shesddeevl
on FreezingBlue Flashcards.
-
MITI
Japan's Ministry of International Trade and Industry
Trade associations, government agencies, and commercial banks gather information and help small firms identify export opportunities
-
Sogo Shosha
Japanese trading companies; a key part of the keiretsu, the large Japanese industrial groups
-
Export Management Company (EMC)
Export specialists who act as an export marketing department for client firms
-
Letter of Credit
Issued by a bank, indicating that the bank will make payments under specific circumstances
-
Bill of Exchange
An order written by an exporter instructing an importer, or an importer's agent, to pay a specified amount of money at a specified time.
-
Draft
An order written by an exporter telling an importer what and when to pay
-
Sight Draft
A draft payable on presentation to the drawee
-
Time Draft
A promise to pay by the accepting party at some future date
-
Bill of Lading
A document issued to an exporter by a common carrier transporting merchandise. It serves as a receipt, a contract, and a document of title.
-
Export-Importer Bank (Ex-Im Bank)
Agency of the US government whose mission is to provide aid in financing and facilitate exports and imports
-
Countertrade
The trade of goods and services for other goods and services
-
Barter
Direct exchange of goods or services between two parties without a cash transaction
-
Counterpurchase
A reciprocal buying agreement
-
Offset
Agreement to purchase goods and services with a specified percentage of proceeds from an original sale in thatcountry from any firm in the country
-
Switch Trading
Use of a specialized third-party trading house in a countertrade arrangement
-
Buyback
Agreement to accept a percentage of a plant's output as payment for contract to build a plant
|
|