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 questions that use these in full sentences.