Our glossary simplifies common industry terms in freight and logistics into clear, easy-to-understand explanations.
Export refers to the sale of goods or services to a foreign market, involving contracts, transportation, customs clearance, and settlement procedures. Exports are at the heart of international trade and drive economic growth and international cooperation. The export process includes preparing a commercial invoice, declaring exports, obtaining export licenses (if applicable), arranging transportation, and collecting payments. To ensure a smooth transaction, businesses must be familiar with the regulations and tax systems of the destination country.
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