Glossary of marketing terms Absolute advantage

Export credit guarantee fund. A facility, provided by government treasury, to guarantee the development costs of exports or legal claims arising there from.

Export processing zone. A zone, designated within the country, enjoying tax privileges or other status, where goods and services can be brought into, reprocessed and re-exported.

Exporting. The marketing of surplus goods produced in one country into another country.

Expropriation. The annexation or seizure of national assets as an extreme form of political action.

F.A.S. A contract of sale "free along side" whereby the seller undertakes to place the goods alongside a ship ready for boarding and carry all charges up to that point.

F.O.B. A contract of sale "free on board" whereby the seller undertakes to place the goods on board a named ship at a named port and berth and carry all charges up to delivery over the ships rail.