GLOSSARY OF INTERNATIONAL TRADE TERMS

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T

Tare Weight Tenor Terms, Payment Terms, Selling Terms, Shipping Time Draft Tramp Steamer Transhipment Trust Receipt

Trust Receipt Release of merchandise by a bank to a buyer in which the bank retains title to the merchandise. The buyer, who obtains the goods for manufacturing or sales purposes, is obligated to maintain the goods (or the proceeds from their sale) distinct from the remainder of his/her assets and to hold them ready for repossession by the bank if demanded).

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