Import Export Specialist

Payment in advance is an exporter may be able to negotiate these terms for all or port of its shipment. The exporter bears no risks or financing cost. Payment or part-payment in advance is typically used for low-value sales to individuals or new customers.

Correspondent bank is a bank that handles in its own country the business of a foreign bank.

Certificate of origin (C/O) is statement on the origin of goods. You may need one if you're exporting to a number of countries. They're available from your chamber of commerce for goods of EU origin.

Insurance policy is should cover goods for at least their full value (110 per cent is common), and include details of quantity and route. Where necessary, it should also provide for time extensions and transhipments.

UNCTAD is United Nations Conference on Trade and Development. Main arm of the United Nations General Assembly dealing with trade, investment and development issues.