Export/Import Terms Company Profile

International Chemical Business Terms

Below is a list of export and import related terms to help you navigate the international chemical business. All terms are listed alphabetically.


E.I.R. (Equipment Interchange Receipt, Container Equipment Interchange Receipt)

The document that proves the transfer when the shipping company lends the container equipment to the owner of the goods, in which information regarding the container, including the presence or absence of abnormalities at the time of transfer is recorded.

Emergency Tariff

The extra duty imposed in cases when the import of specific goods increases suddenly due to a fall in prices of overseas markets, in order to prevent severe damages to the domestic industries producing the same kind of competing goods. Regulated by the Customs Tariff Act (Article 9). See Safe Guard.

EPA (Economic Partnership Agreement)

An international agreement that aims at strengthening relationships by stipulating a wide range of rules regarding not only trade, but also traveling of human resource, freedom of investment and protection of intellectual property rights. In contrast to this, the Free Trade Agreement (FTA), is an international agreement aiming at the development of free trade transactions through the elimination of customs duty and other trade barriers between specific countries and regions.

Ex-Godown (Ex-Godown terms)

One of the sales terms often used in the transaction of goods for export. The seller bears the fares and risk up to the warehouse specified by the buyer (usually near the port of origin), and the arrangements for export customs clearance are made by the buyer. The meaning of “godown” is warehouse. For example, Ex-Godown Kobe is a condition that the seller carries the cargo in a warehouse in the Kobe area.

Ex-Works (EXW, Ex-Works Price)

One of the Incoterms trade terms. The seller (exporter) delivers the cargo to the buyer at its own factory or warehouse, and the cost and risk from there on are to be borne by the buyer.
When Japan is the seller, the buyer appoints the Japanese forwarder as the customs manager, and the export declaration procedures at customs are carried out under the name of the buyer. Because in Europe, basically a resident performs the export and import declaration, if a party in Europe is the seller, export customs clearance formalities are carried out under the seller’s name. If a party in the U.S. is the seller, it is necessary to specify an American forwarder as the export representative of the buyer.

Exchange Risk

The risk that occurs due to fluctuations in the foreign exchange rate. In the case of export, when concluding an export contract for the goods in foreign currency, if the value of the yen rises at the time of settlement a foreign exchange loss will occur, however if the value of the yen decreases profits will be gained. In the case of import, the effect is contrary to the case of export. In order to minimize the exchange risk, carrying out foreign exchange contracts and establishing a settlement rate beforehand is effective.