A term used with reference to foreign trade, where documents of title to goods exported are handed over by the master of the ship or some other person when the importer signs a bill of exchange. (The bill would be a period bill.)
Reference: The Penguin Business Dictionary, 3rd edt.
Register with one of our recommended partners now
By completing this form I understand that I am going to be redirected to a 3rd party trading partner and that my personal information will be shared.