Differences Between International Business and International Trade
Many a time we have heard people using the terms international trade and international business interchangeably. Though the two terms are very similar to… Read Article
International Trade
Inspection Certificate – Meaning, Benefits, Types, and Substitutes
An Inspection certificate is a document that one would come across in case of international trade. This document basically specifies the fitness or condition… Read Article
Shipper Owned Container – Meaning, Benefits, Drawbacks, and Example
In international trade, the buyers and sellers can either lease a container from the carrier or use their own container. And, when they use… Read Article
Demurrage and Detention – Meaning, Reasons, Impact and Controversy
Demurrage and Detention are the terms that one would come across in the case of international trade and shipping. Basically, these are the charges… Read Article
Terminal Handling Charges – Meaning, Types, Example and History
Terminal Handling Charges or THC is a term that you would come across in international trade. Shipping terminals or port authorities charge THC for… Read Article
Freight Forwarder’s Receipt – Meaning, Benefits, Functions, and Responsibilities
Freight Forwarder’s Receipt (FCR) is a receipt or a document that the freight forwarder or freight consolidator, or their agent issues to the shipper.… Read Article
Incoterms – Meaning, History, Benefits and More
Incoterms (or International Commercial Terms) is a term that one would come across in international trade. Basically, these terms help to make buying and… Read Article
Capital Account Balance of Payments
Capital Account Balance of Payments: MeaningThe Balance of Payment account primarily consists of two types of accounts- the capital account and the current account.… Read Article
Current Account Balance of Payments
Meaning of Current Account Balance of PaymentThe current account balance of payment is one of the two main parts of the balance of payments… Read Article
Balance of Payment Crisis
Balance of Payment Crisis: MeaningA Balance of Payment crisis is a situation when a country is not in a position to pay even for… Read Article
Balance of Payments Accounts
Meaning of Balance of Payments AccountsIn the present era of globalization, every country enters into trade or economic transactions with the countries of the… Read Article