INTERNATIONAL TRADE VOCABULARY

INTERNATIONAL TRADE VOCABULARY

• Visible Trade – Trade in goods (produtos);
• Invisible Imports and Exports – Trade in services (serviços como: bancos, seguro, turismo);
• Barter or Counter-Trade – Direct exchange of goods, without money (permuta);
• Balance of Trade – The difference between what a country receives and pays for its exports and imports of goods;
• Balance of Payments – The difference between a country’s total earnings from exports and its total expenditure of goods;
• Autarky – The (impossible) situation in which a country is completely self-sufficient and has no foreign trade;
• Surplus – A positive balance of trade or payments;
• Deficit – A negative balance of trade or payments;
• Dumping – Selling goods abroad at (or below) cost price;
• Protectionism – Imposing trade barriers in order to restrict imports;
• Tariffs – Taxes charged on imports;
• Quotas – Quantitative limits on the import of particular products or commodities.

–          INCOTERMS:

• EXW – Ex Works (named places) – A partir do local de produção
• FCA – Free Carrier (named places) – Transportador livre
• FAS – Free Alongside Ship (named port of shipment) – Livre no costado
• FOB – Free on Board (named port of shipment) – Livre a bordo
• CFR – Cost and Freight (named port of destination) – Custo e frete
• CIF – Cost, Insurance, Freight (named port of destination) – Custo, seguro e frete
• CPT – Carried Paid to (named place of destination) – Tranposte pago até…
• CIP – Carriage and Insurance Paid to (named place of destination) – Transporte e seguro pago até..
• DAP – Delivered at Place (named place of destination) – Entregue no lugar
• DAT – Delivered at Terminal (named place of destination) – Entregue no terminal
• DDP – Delivered Duty Paid (named place of destination) – Entregue ao comprador pago