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Entering Target Markets: Difference between revisions
→Theme 2 Export and import practicalities: added w:Bill of Lading
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* A '''[[w:letter of credit|letter of credit]]''' is a document issued by a financial institution, or a similar party, assuring payment to a seller of goods and/or services provided certain documents have been presented to the bank. ( Wikipedia ) | * A '''[[w:letter of credit|letter of credit]]''' is a document issued by a financial institution, or a similar party, assuring payment to a seller of goods and/or services provided certain documents have been presented to the bank. ( Wikipedia ) | ||
* A '''[[w:Bill of Lading|Bill of Lading]]''' is a document generated by a shipping line or its agent, giving details of a [[transport|shipment]] of [[good (economics)|merchandise]]. Alongside this principal purpose, the bill of lading also certifies that the goods have been shipped aboard a vessel (and in some cases certifies the condition of the goods at the point of loading), assigns [[w:title (property)|title]] to the goods, and requires the carrier to release the merchandise to the holder of the title or a named party at the destination port. ( Wikipedia ) | |||
::: The Bill of Lading is a document of title of,goods, transferable by endorsement and is a receipt from shipping company regarding the number of packages with a particular weight and markings and a contract for the transportation of same to a port of destination mentioned therein. ( Wikipedia introduction ) | |||