Import and Export Terminology The price you negotiate with
overseas customers also needs to include some additional costs.
For example, transportation costs may include the cost of
special packaging and labelling, while the detailed
documentation you generally need may involve extra costs.
According to value (see Duty). Bank operating in an exporter's
country that handles letters of credit (see Letter of credit)
for a foreign bank by notifying the exporter that the credit has
been opened in its favour. The advising bank lets the exporter
know exactly what the conditions of the letter of credit are but
isn't necessarily responsible for payment. A bill of lading (see
Bill of lading) that covers both domestic and international
flights carrying goods to a specified destination. If a company
exports a product at a price lower than the price it normally
charges in its home market, it's said to be dumping the product.
Member countries of the World Trade Organisation may be able to
impose certain measures on other me