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Definition Of:

Confirming

Transportation Dictionary2K Group Shipping Dictionary
Confirming is a financial service in which an independent company confirms
an export order in the seller's country and makes payment for the goods in
the currency of that country. Among the items eligible for confirmation
are the goods; inland, air, and ocean transportation costs; forwarding
fees; custom brokerage fees; and duties. Confirming permits the entire
export transaction from plant to end user to be fully coordinated and paid
for over time. It is mainly a European practice.
See also: CAT , LAP , FDM , BANSTA , Quarantine signal

 

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