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An Advanced Shipping Notice (ASN) is an electronic notification sent by a supplier to a buyer, detailing the contents and shipment information of a forthcoming delivery. It typically includes information such as the shipment date, carrier, tracking number, and item details. ASNs helps in:
An Air Waybill (AWB) is a document issued by an airline or its agent, serving as a contract of carriage between the shipper and the carrier for goods shipped by air. It provides detailed information about the shipment, including the consignor, consignee, description of goods, and flight details and allow
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Anti-Boycott Compliance refers to adhering to U.S. laws that prohibit companies from participating in foreign boycotts not sanctioned by the U.S. government. This includes refusing to do business with blacklisted countries or complying with boycott-related requests in contracts and documents. Violations can lead to significant penalties and loss
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A Back-to-Back Letter of Credit is a financial arrangement involving two letters of credit to facilitate international trade. The first letter of credit is issued in favor of an intermediary, who uses it as collateral to obtain a second letter of credit for the actual supplier. This structure enables intermediaries
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A Bank Draft is a payment instrument issued by an issuing bank on behalf of a payer, guaranteeing payment to the payee. Drawn from the bank’s own funds, it provides security that the draft will be honored upon presentation. Commonly used in international trade transactions, it is also known
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A Bill of Lading (B/L) is a legal document issued by a carrier to a shipper, detailing the type, quantity, and destination of the goods being shipped. It serves as a receipt for the shipment, a contract between the carrier and shipper, and a document of title, allowing the
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A Bill of Materials (BOM) is a comprehensive list of raw materials, components, and assemblies required to manufacture a product. It includes quantities, part numbers, and descriptions of each item needed for production. The BOM is essential for production planning, inventory management, and cost estimation, ensuring that all necessary materials
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