Issued by: U.S. Department of Commerce. Purpose: Required for commodities deemed important to national security, foreign-policy objectives, or protecting domestic supplies or strategic materials. Constitutes permission to export a specific product to a specific party. Exporter applies for license, which must be returned to Bureau of Export Administration after completing specified shipments.

a document issued by the Office of Export Administration, authorizing a specific export pursuant to an application by the exporter

A specific license for export which is issued to a particular exporter for export of a particular good.

Valuation Clause Valuation Opportunity Cost

Value date Vessel