Plain-language definitions of 133 terms used in raw material trade: Incoterms, payment, shipping, customs, quality documents, plastics, metals, chemicals, agriculture and energy.
Ways of releasing cargo at destination without waiting for the original bill of lading to reach the buyer. With a telex release, the originals are surrendered to the carrier at the load port and the carrier instructs its destination agent to release the goods. A sea waybill is a non-negotiable transport document under which the goods are simply delivered to the named consignee. Both are fast, but the seller loses control of the goods, so payment should be secured beforehand.
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