An order sent by an importer to an overseas supplier stating the details of goods required is known as?

Assessment: JAMB UTME - Commerce - 2004 Subject: Commerce

Question 1 Report

An order sent by an importer to an overseas supplier stating the details of goods required is known as?
Answer Details
An order sent by an importer to an overseas supplier stating the details of goods required is known as an "indent." An indent is a formal request or order for goods that an importer sends to a supplier or manufacturer in another country. The indent contains all the details of the goods required, such as quantity, quality, price, and delivery terms. It is an important document in international trade, as it forms the basis of the contract between the importer and the supplier, and helps to ensure that both parties are clear about the terms and conditions of the transaction.

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