XHVIA · XIANGHAI
XIANGHAI INTERNATIONAL TRADE · YIWU, CHINA

International Trade Glossary

Plain-language starting definitions for common sourcing and international trade terms.

MOQ

Minimum order quantity: the smallest order quantity a supplier is prepared to accept under stated conditions.

Lead time

The stated time required for a defined stage or full process; ask what start and end points are included.

OEM / ODM

Common industry terms for manufacturing to a customer’s design or offering product development/design services; exact responsibilities should be written into the agreement.

Incoterms

ICC rules used in sales contracts to allocate specified delivery responsibilities, costs and risks; identify the exact rule and named place.

HS code

A product classification code used in customs contexts; classification depends on product characteristics and applicable tariff rules.

Landed cost

A buyer’s total cost estimate including product cost and relevant transport, insurance, duties, taxes, handling and other charges.

Important: This page is a general planning resource. Actual supplier identity, product specifications, pricing, availability, certifications, compliance, service scope and delivery timing must be verified for each project. Nothing here is a blanket guarantee or legal, customs or compliance advice.
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