Terms for Import/Export

Learned many abbreviations/terms I've never heard before by doing this business. I would like to share them:

- B/L: Bill of Lading; a document issued by shipping forwarder, showing that the goods have been received on board.

- CL: Commercial Invoice; a document shows the value of each products, needed to do customs declaration.

- CO: Certificate of Origin/ Country of Origin; a document states where the goods were made, needed it to clear customs for international trading.

- FOB: Freight on Board; goods are placed on board of ship/flight

- ISF: Importer Security Filing; a document states information for the goods being sent, only required for USA shipments.

- MOQ: Minimum Order Quantity.

- PI: Pro-Forma Invoice; a document that us broker issued to customer to show the items and the prices customers are buying from us.

- PL: Packing List; a document states where the goods are contained in certain container.

- PO: Purchase Order; a document that us broker issued to manufacturer to show the items and the prices we're buying.