Trade31
Trade31
Glossary of trade communication terms — RFQ, PI, ETA, demurrage, and more.
Business English · Reading time: 12 min read
Shared vocabulary for Trade31 Business English cluster. Who should care: importers, exporters, procurement, sourcing, factories, and SME owners.
Essentials
Quick answer, takeaways, and checklist — core value in 1–2 minutes.
Shared vocabulary for Trade31 Business English cluster.
Who should care: importers, exporters, procurement, sourcing, factories, and SME owners.
Business English Glossary is a core international trade topic. This Gold guide explains what it is, why it matters commercially, how professionals use it in real workflows, and what you should do next.
Shared vocabulary for Trade31 Business English cluster.
Shared vocabulary for Trade31 Business English cluster.
Practical detail
Process, risks, examples, and mistakes — expand when you need them.
ExpandKeep definitions operational: name places/ports, dates, document triggers, and cash milestones — avoid naked acronyms in contracts.
Variants depend on role (importer / exporter / factory / trader), transport mode, and country requirements. Always write the chosen variant into the PI.
First contact? Opening + value. Price talk? Quotation phrases. Problem? Complaint/apology templates. Silence? Follow-up cadence.
A German buyer asks for CIF Hamburg; your reply must confirm Incoterms® 2020, validity, and lead time without ambiguity.
| Weak | Strong |
|---|---|
| Please reply ASAP | Could you confirm by Friday 17:00 GMT+8? |
| Price is high | Our offer reflects materials and 3% inspection margin |
Model cash impact: unit price changes, freight, duty, inventory cover, and penalty risk. Prefer landed / total-cost views over headline unit price.
Main risks: cash lock, document rejection, duty surprise, shipment delay, and relationship damage from unclear terms.
Use the decision tree above, lock the chosen path in writing (RFQ / PI / contract), then verify with related Trade31 tools before deposit.
Pair this guide with quotation, landed cost, Incoterms, and document tools. Continue to related Trade Knowledge articles for MOQ, lead time, OEM/ODM, RFQ writing, and supplier verification.
Continue on Trade31: Country Guides · Supplier Directory · Product Directory · RFQ workflow · Buyer Workspace · AI Workspace · Trade Tools.
Business English Glossary is a core topic in international trade practice. Shared vocabulary for Trade31 Business English cluster.
"Please find our quotation attached for 1×40HQ, FOB Ningbo, Incoterms® 2020, valid for 7 days."
Business English Glossary affects quote accuracy, document compliance, clearance speed, and payment security. Build these dimensions into your SOP.
| Area | Effect | Recommended action |
|---|---|---|
| Compliance | Wrong fields or terms trigger holds, amendments, or penalties | Pre-shipment review against latest rules and bank/buyer requirements |
| Cost | Hidden charges or unclear responsibility erodes margin | Model full cost with calculators before confirming quotes |
| Lead time | Inconsistent documents delay clearance and release | Cross-check invoice–PL–B/L with a checklist |
| Risk | Disputes over transfer points drive claims | Contract the place, Incoterms version, and evidence rules |
Apply this guide to Business English Glossary in these situations:
Why it matters: incorrect handling of Business English Glossary creates cost, delay, compliance, or cash-flow risk. Buyers and sellers should treat it as a decision input — not a glossary term.
Use this guide when your deal depends on clear responsibility, cash timing, document control, or compliance classification. Prefer it for first shipments, new buyers/suppliers, and high-value POs.
Do not treat this page as legal advice, country-specific tariff law, or a substitute for bank/counsel/broker instructions on regulated goods.
Deep reference
Long explanations, FAQ, and supporting material — collapsed by default.
ExpandPrimary scenario
Shared vocabulary for Trade31 Business English cluster.
Email line
"Thank you for your inquiry. Please find our offer attached."
Call-to-action
"Please confirm by Thursday if you would like us to reserve production capacity."
Carry this Decision Cluster into reusable execution modes: Decide · Checklist · Documents · Workspace.