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Glossary of Trade Terms

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E
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
  1. 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.
  2. 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.

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