English Vocabulary for International Trade - VV32 | Business English Vocabulary

English for International Trade | Business English Vocabulary Download more lessons at 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 @Business English Pod - Learn Business English