Short and clear
Glossary
From MOQ to bill of lading: the core trade terms on one page.
- 18
- terms
- MOQ (minimum order quantity)01
- The smallest order a seller accepts. Listings show it with its unit.More
- RFQ / buying need02
- A record where the buyer describes what it needs and asks sellers for quotes. On MİTA each need takes at most 10 quotes.More
- Proforma invoice03
- A preliminary invoice issued before shipment showing price and terms. Used to open a letter of credit or pay a deposit.
- Incoterms®04
- ICC delivery rules that fix freight, insurance and the point where risk passes.More
- FOB05
- Free On Board: risk passes once the goods are loaded on the vessel at the port of shipment.More
- CIF06
- Cost, insurance and freight are on the seller; risk still passes at the port of shipment.More
- Letter of credit (L/C)07
- The buyer's bank's undertaking to pay against complying documents.More
- Documents against payment (D/P)08
- A bank collection where documents are released to the buyer against payment.More
- Bill of lading (B/L)09
- The carrier's document in sea freight that receipts the goods and represents title to them.
- Certificate of origin10
- A document stating where the goods were produced; used for duties and preferential regimes.
- HS code11
- The customs tariff classification number that sets the duty rate and import conditions.
- Lead time12
- Time from order confirmation to shipment. Weighed together with price in quote comparison.
- Sample13
- A small quantity requested to check quality before ordering. On MİTA an approved sample summary goes into the sales contract.
- Framework order / call-off14
- A total quantity agreed once and delivered in planned parts on scheduled dates.
- Barter15
- Exchanging goods for goods; the value gap is paid in cash.More
- Platform seal16
- After both parties accept, the contract text is closed with its SHA-256 digest; anyone can check it on the /verify page.
- Sanctions screening17
- Comparing company names with the OFAC SDN and UN Security Council lists. Not a compliance opinion.
- Intent score18
- Shows how detailed a buying need is and how strong the buyer's history is; shown to sellers before they quote.More
Put it to work
Now look at a real buying need.
Open needs show quantity, destination and Incoterms; use what you learned in your first quote.
- Free account, no card; your first need or listing is live in minutes.
- Up to 10 sealed quotes; price, lead time and seller score side by side.
- A contract both sides approve, sealed so anyone can verify it.
- No commission on trades
- MİTA never holds money
- No card needed