Physical Address

304 North Cardinal St.
Dorchester Center, MA 02124

Glossary Terms

Negotiable

Negotiating Bank

Nominated Bank

Nominated Bank’s Role

Non-Complying Presentation

Non-Cumulative Revolving Letter of Credit

Non-Tariff Barriers (NTBs)

Non-Tariff Measures (NTMs)

Non-Vessel Operating Common Carrier (NVOCC)

Notify Party

Novation

Ocean Bill of Lading

Open Account

Open Account Sales

Original Bill of Lading

Outward Bill of Lading

Packing Credit

Packing Declaration

Packing List

Papers Presented Under Documentary Credits

Partial Shipment

Paying the Seller’s Supplier

Payment Methods in International Trade

Performance Bond

Performance Standby

Phytosanitary Certificate

Political Risk

Port-to-Port Bill of Lading

Pre-export Financing

Preferential Trade Agreement (PTA)

Presentation of Documents

Presenting Bank

Price Fluctuation Clause

Principal

Proforma Invoice

Progress Payment

Promissory Note

Protest

Quotas

Recourse

Red Clause Letter of Credit

Reimbursement

Reimbursement Authorization

Reimbursing Bank

Remittance

Remitting Bank

Renegotiation Clause

Retention Money Guarantee

Retention of Title Clause

Revocable Letter of Credit

Revolving Letter of Credit

Risk Mitigation in International Trade

Rules of Origin

Rules of Origin Certificate

Safeguarding Clause

Safeguards

Sanitary and Phytosanitary (SPS) Measures

Sea Waybill

Shipper’s Indemnity

Shipper’s Letter of Instruction

Shipping Guarantee

Shipping Marks

Sight Draft

Sight Letter of Credit

Silent Confirmation

Single Customs Territory

Single Window

Smart Contract

Standby Credit

Standby Letter of Credit (SBLC)

Sustainable Trade Finance

SWIFT (Society for Worldwide Interbank Financial Telecommunication)

SWIFT MT 700

SWIFT MT 799

Tariffs

Technical Barriers to Trade (TBT)

Technical Barriers to Trade (TBT) Agreement

Tenor

Term Letter of Credit

Third-Party Logistics (3PL)

Time Draft

Tolerance

Trade Acceptance

Trade Credit Insurance

Trade Deficit

Trade Digitalization

Trade Embargo

Trade Facilitation

Trade Facilitation Agreement (TFA)

Trade Finance

Trade Finance Gap

Trade Finance Risk

Trade Remedies

Trade Repository

Trade Sanctions

Trade Surplus

Trade Surveillance

Trade War

Transborder Data Flow

Transfer