Hi all I am new to the scrap trade and I wanted to know what does these abbreviations that are used in the trade stand for:

CoD,DA, DFIA, NFE, NOC (is it No Objection certificate?), VA, SEZ, FOB

COD- Cash on delivery:
As the name indicates, you can place orders and pay the amount at the time of delivery .

DA- Document against Acceptance:
Here the exporter instructs the presenting bank to hand over shipping and title documents to the importer only if the importer accepts the accompanying bill of exchange or draft by signing it. 

DFIA- Duty Free Import Authorization:
A Duty Free Import Authorization is issued to allow duty free import of inputs which are used in the manufacture of the export product (making normal allowance for wastage), and fuel, energy, catalyst etc. which are consumed or utilized in the course of their use to obtain the export product.

NFE- Net Foreign Exchange

NOC- No objection certificate (as the rookie said)

VA- Value Addition

SEZ- Special Economic Zone:

FOB- Free On Board

 I'm also new to the terms, do you know what does CNF HK, means?

Thanks

 CNF was earlier know as C&F- which stands for Cost & Freight. According to CNF, it is the seller's responsibility to deliver the goods to the port of destination. The seller's commitment is accomplished as soon as this is done. It is the buyer's responsibility to cover insurance from the port of origin or port of shipment to buyer's door. Given that the shipper is responsible for transportation, the shipper also chooses the forwarder.

 

HK- (not sure about this) Usually HK stands for Hong Knong. For example, HK-TDC stands for  Hong Kong Trade Council.