Commercial & Shipping Abbreviations
Garment export is a paperwork business, and the commercial side has its own dense shorthand across payment, Incoterms, documents, and logistics. Misreading one can shift cost or liability by thousands. Here's the decode.
Payment & finance
| Abbr. | Meaning |
|---|---|
| L/C | Letter of Credit |
| BBL/C | Back-to-Back Letter of Credit |
| LCA | L/C Authorization |
| DP | Documents against Payment |
| DA | Documents against Acceptance |
| COD | Cash On Delivery |
| PI | Pro-forma Invoice |
| ICC | International Chamber of Commerce |
| UCPDC | Uniform Customs & Practice for Documentary Credits |
| SWIFT | Society for Worldwide Interbank Financial Telecommunication |
| LIBOR | London Interbank Offered Rate |
| VAT / TIN | Value Added Tax / Taxpayer Identification Number |
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Commercial & Shipping Abbreviations
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