Essential Trade English Phrases for the 2025 Exam – Quick Review List
Intro Mastering technical English is key to scoring well in the Trade English section. Here are 15 phrases you must know cold. Top 15 Phrases Phrase Meaning FOB (Free on Board) Buyer bears cost once goods are on ship LC (Letter of Credit) Bank-guaranteed payment instrument Arbitration Clause Legal path for dispute resolution Non-tariff Barrier Restriction not involving duties Force Majeure Legal excuse due to unforeseeable events CIF (Cost, Insurance, Freight) Seller pays transport and insurance Demurrage Fee for late cargo removal Consignee Receiver of goods Proforma Invoice Preliminary bill of sale Incoterms 2020 Global trade rules B/L (Bill of Lading) Shipping document and title Draft Payment order Inspection Certificate Proof of quality check UCP 600 Standard LC rules from ICC Ex Works Buyer picks up goods from seller’s premises Study Tip Use flashcards or Quizlet and test yourself with sample question...