Key glossary to grow your business.
Check here all the terms you need to conquer new markets.
Import and export
Customs tariffs:
Taxes charged by the importing country on imported products.
Certificate of Origin:
Document that proves in which country your product was manufactured. It is used to obtain tax discounts thanks to trade agreements.
SAD (Single Administrative Document):
Official format used to declare your imports or exports to customs.
Exporter:
An individual or legal entity that sells goods abroad.
Importer:
An individual or legal entity that buys goods from abroad.
Customs value:
Basis on which taxes are calculated. It is usually based on the CIF value of the goods.
Legal
Articles of Incorporation:
It is the document that gives official life to your company. There the name is defined, who the partners are, how much capital they have and what they are going to dedicate themselves to.
Industrial Designs:
They protect the aesthetic appearance of a product, including its shape, color, and texture.
Taxes:
Mandatory contributions that companies must pay to the government.
Trademarks:
They protect symbols, names, phrases or designs that identify and distinguish products or services of a company.
Microenterprise:
A company with a small number of employees (usually less than 10) and relatively low annual sales.
Patents:
They protect new inventions and discoveries, such as products, processes, or improvements to existing products.
Logistics
Full Load (FCL):
Exclusive container for a single company.
Demurrage:
Penalty for using more time than contracted to return the container to the carrier.
Detention:
Penalty for delays outside the port (e.g. in the customer's warehouse).