Plain-language definitions of 133 terms used in raw material trade: Incoterms, payment, shipping, customs, quality documents, plastics, metals, chemicals, agriculture and energy.
A unique code identifying a quantity of product made under the same conditions, from the same raw materials and in the same time window. It appears on packages, the COA and the packing list, and lets you trace which goods are affected by a complaint or recall. Lot-level traceability is a legal requirement in chemicals, pharmaceuticals, food and feed; buyers of plastics and metals may also ask for single-lot shipments for consistent quality.
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