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...

Top 10 Mistakes in the Korean Customs Law Section – And How to Avoid Them

Intro

Even strong candidates lose points in the Customs Law section—not because of lack of knowledge, but due to strategic errors. Here are the 10 most common mistakes and how to avoid them.

Top 10 Mistakes

  1. Reading the question too quickly
    → Misreading keywords like “except,” “most likely,” etc.

  2. Ignoring real-life application logic
    → Over-relying on pure memorization.

  3. Neglecting the HS code’s structure
    → Misunderstanding heading vs. subheading logic.

  4. Forgetting cumulative rule exceptions in FTAs

  5. Overthinking simple questions
    → Second-guessing yourself due to anxiety.

  6. Missing changes in recent FTA case law

  7. Assuming legal terminology equals technical terms

  8. Failing to eliminate clearly wrong options first

  9. Leaving questions blank without guessing

  10. No time left for review due to poor pacing

Quick Fixes

  • Use a two-pass system: quick scan first, then return to tough questions.
  • Practice case-based MCQs under a timer.
  • Keep a “mistake journal” to track patterns.