Practicing Success
In the international trade, placing order for goods is known as: |
Import Indent Export Purchases |
Indent |
The correct answer is option 2-Indent. In the international trade, placing order for goods is known as indent. In case the prospective buyer (i.e., importing firm) finds the export price and other terms and conditions acceptable, it places an order for the goods to be dispatched. This order, also known as indent, contains a description of the goods ordered, prices to be paid, delivery terms, packing and marking details and delivery instructions. |