Appendix 4: Export Terms and Keywords—A Dictionary for Real Traders (Learn These Before It Is Too Late!)
- Incoterms: International rules that define transport terms and conditions.
- LC (Letter of Credit): One of the reliable payment methods in international trade.
- Tariffs: Those duties that make you groan the moment you hear about them!
- FOB, CIF, EXW: Abbreviations that will send you bankrupt sooner than expected if you do not know what they mean.
- B2B and B2C: Business-to-business and business-to-consumer trade. Pay attention, because these are two different worlds.