Glossary of Terms

Glossary of Trade Terms

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EDI or EDIFACT (Electronic Data Interchange for Administration, Commerce and Transport) - From the United Nations-backed electronic data interchange standards body, this is a set of standards that are used to define data sets in certain documents to standardize them for electronic transmission from one format to another.
Endorsement in Blank

Commonly used on a bank check, an endorsement in blank is an endorsement to the bearer. It contains only the name of the endorser and specifies no particular payee.
Also, a common means of endorsing bills of lading dawn to the order of the shipper. The bills are endorsed "For..." (See Bill of Lading, Order)
Export License - A document secured from a government, authorizing a shipper to export a specific quantity of a particular commodity to a certain country. An export license is often required when a government places restrictions upon exports.
Export Trading Company - A corporation or other business entity organized and operated primarily for the purpose of exporting goods and services, or of providing export-related services to other companies.