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Shipping Glossary

Shipping Glossary

Exchange Rate

The price of one currency in terms of another; i.e., the number of units of one currency that may be exchanged for one unit of another currency

EXIM Bank (Export Import Bank)

An independent US Government Agency which facilitates exports of US goods by providing loan guarantees and insurance for repayment of bank-provided export credit

Expiry Date

Issued in connection with documents such as letters of credit, tariffs, etc. to advise that stated provisions will expire at a certain time

Export

Shipment of goods outside one’s own country to a foreign country

Export Broker

An individual or firm that joins together buyers and sellers for a fee but does not take part in actual sales transactions

Export Declaration

A government document permitting designated goods to be shipped out of the country

Export License

A government document which permits the “License” to engage in the export of designated goods to certain destinations

Export Rate

A rate published on traffic moving from an interior point to a port for transshipment to a foreign country

Export Trading Company

A firm that buys domestic products for sale overseas. A trading company takes title to the goods

Export-Management Company

A private firm that serves as the export department for several manufacturers, soliciting and transacting export business on behalf of its clients in return for a commission, salary, or retainer plus commission

오시는 길

서울특별시 강서구 마곡중앙 8로 78(마곡동, SM R&D 센터) 5, 6층
지하철 5호선 발산역 1, 9번 출구