TARIFF, AD VAL OREM Definition

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TARIFF, AD VAL OREM is a tariff determined as a percentage of the value of the goods.

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CASH AGAINST DOCUMENTS (CAD) is a transaction where the buyer assumes ownership/title for the goods being purchased upon paying the agreed upon sale price in cash.

TWO PARTY CHECK is a check made out from one individual to another, i.e. only two entities are involved in the transaction.

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