What do you know about MOQ in terms of export and B/L?

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Accepted Answer

MOQ stands for Minimum Order Quantity and is a term used in export/import. B/L stands for Bill of Lading which is a legal document used in shipping.

MOQ is the minimum quantity of goods that a supplier is willing to sell to a buyer.
It is usually set by the supplier and varies depending on the product and market.
MOQ is important in export/import as it helps to ensure that the supplier's production costs are covered and that the buyer is able to meet their demand.
B/L is a legal document that serves as proof of shipment and ownership of goods.
It is issued by the carrier or their agent and is required for the release of goods at the destination port.
B/L contains details such as the name of the shipper and consignee, description of goods, quantity, and destination.

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