| Embargo |
A restriction or prohibition upon exports
or imports for specific products or specific countries. |
| Emc |
See Export management company. |
| Entry |
The process for getting imported merchandise released
from the Customs Service. |
| Entry Papers |
Documents that must be filed with U.S. Customs officials
describing goods imported, such as the commercial
invoice, Ocean Bill of Lading or Carrier Release. |
| Etc |
See Export trading company. |
| Eurodollars |
U.S. dollars placed on deposit in banks outside
the United States; usually in Europe. |
| European Economic Community (Eec) |
An economic grouping of countries also known as
the European Common Market, organized by the Treaty
of Rome in 1957. Member countries are Belgium, Denmark,
France, Germany, Greece, Ireland, Italy, Luxembourg,
the Netherlands, Portugal, Spain and the United Kingdom.
The EEC was the largest trading bloc in the world
until the North American Free Trade Agreement created
a larger market beginning in January 1994. |
| Ex From. |
When used in pricing terms such as "ex factory"
or "ex dock," it signifies that the price
quoted applies only at the point of origin (in the
two examples, at the seller's factory or a dock at
the import point). In practice, this kind of quotation
indicates that the seller agrees to place the goods
at the disposal of the buyer at the specified place
within a fixed period of time. |
| Ex Mill (Ex Warehouse, Ex Mine, Ex Factory) |
A sale term used by a seller describing the net
cost of goods at placement on a mill, a warehouse,
a mine or a factory. |
| Ex Ship |
An international trade term meaning that the seller
shall make the goods available to the buyer on board
the ship at the destination named in the sales contract.
The seller must bear the full cost and risk involved
in bringing the goods to the buyer. |
| Ex Works |
An international trade term meaning that the seller's
sole responsibility is to make the goods available
at sellers premises. The seller is not responsible
for loading the goods on the vehicle provided by the
buyer, unless otherwise agreed. The buyer bears the
full cost and risk involved in bringing the goods
from there to buyers desired destination. |
Exchange Permit |
A government permit sometimes required by the importer's
government to enable the importer to convert his or
her own country's currency into foreign currency with
which to pay a seller in another country. |
| Exhibition |
The showing of merchandise within a zone, usually
to prospective buyers. |
| Eximbank |
The Export-Import Bank of the United States. |
| Expiry Date |
Latest date, usually in the country of the beneficiary,
on which negotiation/payment of a DC can take place. |
Export Broker |
An individual or firm that brings together buyers
and sellers for a fee but does not take part in actual
sales. |
| Export Commission House |
An organization which, for a commission, acts as
a purchasing agent for a foreign buyer. |
| Export Declaration |
A formal statement made to Customs at the exit port
declaring full particulars about goods being exported. |
| Export License |
A government document that permits the licensee
to export designated goods to certain destinations.
See General export license and Individually validated
export license. |
| Export Management Company (EMC) |
A private firm that serves as the export department
for several manufacturers, soliciting and transacting
export business on behalf of its clients in return
for a commission, salary, or retainer plus commission. |
| Export Quotas |
Restrictions or set objectives on the export of
specified goods imposed by the government of the exporting
country. Such restraints may be intended to protect
domestic producers and consumers from temporary shortages
of certain materials or as a means to moderate world
prices of specified commodities. Commodity agreements
sometimes contain explicit provisions to indicate
when export quotas should go into effect among producers. |
| Export Rate |
A freight rate specially established for application
on export traffic and generally lower than the domestic
rate. |
| Export Trading Company |
A firm similar or identical to an export management
company. |
