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A to Z of International Trade
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Out of stock
ICC Publication No.: 623
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A to Z of International Trade
A Dictionary with a Difference
By Frank Reynolds
ICC No. 623
Paperback
5 1/2 inches x 9 1/2 inches
2002 Edition
335 pages
As more business goes global, a good grasp of the language of international trade is essential. There are times when a straight definition is not enough and you need more background information to put the words, terms or phrases into context. A to Z of International Trade, the latest international business reference from ICC, puts clear definitions and important background information for trade terminology at your fingertips.
The multi-dimensional approach of A to Z takes you further on the path to better business. The book is divided into four key sections:
- Key definitions of over 2000 useful international business terms:
Words like dry charter, grey market goods, notify party and York-Antwerp Rules are fully defined as well as timely acronyms like ICANN, MAB, COPANT and SDRs.
- Nine Focus On sections contain introductions to the main disciplines of global trade including:
Air Transport
Bank Collections
e-Commerce
Incoterms
Insurance
Letters of Credit
Liner Vessel Shipping
Sales Contracts
Vessel Chartering
- An important selection of over 150 Key Words with their French, German, Spanish and Italian translations.
- A thorough, international Bibliography suggesting further reading.
A to Z of International Trade is edited by respected U.S. journalist and consultant Frank Reynolds. Mr. Reynolds, who has 35 years experience in the international trade arena, is also the author of the popular Incoterms for Americans.
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International trade involves vocabularies and procedures that differ from domestic commerce in many respects. The reason is obvious. By definition, the parties are in different countries, and this brings obstacles not normally found in domestic business. Law, commercial practice, language, currency and culture differ among nations. Distances in both place and time are often greater, and information can be more difficult to obtain. Goods are frequently handed off from one carrier to another, increasing transportation risk.
Over millennia, traders have devised ingenious ways of overcoming these obstacles. More recently, the internet revolution has taken the breakthroughs made over time in the procedures and documentation to an amazingly high level.
Despite faster and better ways of doing nearly everything, the vocabularies and procedures unique to international trade are still very much alive. They present barriers for novices and even for experienced practitioners outside their own disciplines.
This book was designed to help overcome these barriers, starting with a good user-friendly dictionary. It is not the world's largest, as it was designed to include only those terms and organizations that people involved in trade are likely to encounter. Taking this a step further, we have provided translations of the most commonly used terms in French, German, Italian and Spanish.
Eight appendices cover the trade-specific disciplines, and we have added another for e-commerce which is becoming the most important of all. Each is co-authored by an industry expert, and contains information useful for anyone outside the discipline it covers. An experienced foreign trade banker would learn little new in the two banking appendices, but quite a lot from those covering shipping, sales contracts, Incoterms and insurance.
Sellers and buyers will also benefit, since all service providers ultimately work for them. We provide these principals with a bird's-eye view of all trade-related disciplines, so they can choose the best service providers for their needs.
Seven industry experts both assisted me with content and helped edit this book. If we have done our job, our readers will find the jargon of international trade less esoteric and its procedures more transparent.
Frank Reynolds
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