Clear, professional definitions of the import, export, logistics, customs, payment, manufacturing and sourcing terms that matter in international B2B trade — built for buyers and suppliers on India Trade Zone.
Customs duty is a tax imposed by a government on goods when they are imported into (and sometimes exported from) a country, calcul...
DDP (Delivered Duty Paid) is the Incoterm with the maximum seller obligation: the seller delivers the goods cleared for import, wi...
Dropshipping is a retail model in which a seller takes customer orders but does not hold stock; instead, the supplier ships the pr...
A Free Trade Zone (FTZ) is a designated area where goods can be imported, stored, processed, manufactured or re-exported under spe...
An HSN Code (Harmonized System of Nomenclature) is a numerical code used in India to classify goods for GST and customs, based on ...
Incoterms are a set of standardised international trade rules published by the ICC that define the responsibilities of buyers and ...
A Request for Quotation (RFQ) is a formal document a buyer sends to suppliers asking them to quote prices and terms for specific p...
The sale and shipment of goods or services from one country to buyers in another country.
Dropshipping is a retail model in which a seller takes customer orders but does not hold stock; instead, the supplier ships the pr...
Lead time is the total time between placing an order and receiving the goods, covering production and shipping, and is a key facto...
Contract manufacturing is an arrangement in which a company outsources the production of its goods to a third-party manufacturer, ...
Private label refers to products manufactured by one company and sold under another company’s brand, allowing retailers and brands...
An ODM (Original Design Manufacturer) designs and produces its own products, which other companies can rebrand and sell as their o...
Cargo insurance protects the owner of goods against physical loss or damage during transport by sea, air, road or rail, covering r...
A bank guarantee is a written commitment from a bank to cover a financial loss if one party to a contract fails to meet its obliga...
Advance payment is a method in which the buyer pays the seller before goods are shipped or produced, offering maximum security to ...