SITC: Standard International Trade Classification

SITC: Standard International Trade Classification

by | Dec 19, 2022 | Glossary

GLOSSARY SITC: Standard International Trade Classification The Standard International Trade Classification (SITC) is an economic classification system for global merchandise trade that was developed by the United Nations statistical office. It’s an important tool used...
Shipper’s Letter of Instruction

Shipper’s Letter of Instruction

by | Dec 19, 2022 | Glossary

GLOSSARY Shipper’s Letter of Instruction A shipper’s letter of instruction is a formal document that logistics companies use to communicate instructions regarding a shipment from one party to another. It is typically generated by the person or entity...
PO: Purchase Order

PO: Purchase Order

by | Dec 19, 2022 | Glossary

GLOSSARY PO: Purchase Order What is a purchase order? Often abbreviated as PO or P.O., a purchase order is an official document that outlines the logistics of a financial transaction between a buyer and a supplier. It includes details such as the description,...
Port of Entry

Port of Entry

by | Dec 19, 2022 | Glossary

GLOSSARY Port of Entry What is a port of entry? A port of entry is a physical gateway that connects shipping or freight from one jurisdiction, such as a foreign country, to another. It is the general point of entry that customs officials use to regulate and enforce...
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