Good or service produced in one country
and sold to another country.
Export Bill of Lading
Document issued by a
carrier that covers the transportation of goods
from a domestic point of origin to a foreign
A government document that
identifies what goods may be shipped to
A document issued by the
government of the exporting country granting
an exporter permission to export the
merchandise described in the document.
Authority that is explicitly given
in direct language rather than inferred from
conduct. See also: Implied Authority, Inherent
Contracts, either written or
oral, in which all of the formal elements for
contract creation exist.
Express Language Rule
A rule that states that
when there is only one reasonable
interpretation, that interpretation shall prevail.
This is a secondary rule of determining the
intent of the contracting parties during a
dispute. The express language in the contract
overrules the behavior of the parties prior to
A written description of the
responsibilities of a seller in the event that a
product is found to be defective or otherwise
unsatisfactory. See also: Implied Warranty.
The price for the total number of
items ordered, calculated by multiplying the
quantity ordered by the unit price.
External Procurement Authority
organization not located in a state or
jurisdiction that, if it were located in the state
or jurisdiction, would qualify as a public