Okuzeka
International Trade vocabulary · Quotations and Orders

Request for quotation

Meaning in international trade, with examples

nounCore term

In international trade, request for quotation means: A document or message in which a buyer asks suppliers to give prices and conditions for specific goods, quantities and delivery terms.

In Turkish: fiyat teklif talebi, teklif isteği

How it is used

Usually shortened to RFQ. Buyers send or issue an RFQ to several suppliers to compare offers, and suppliers respond with a quotation. A similar document, the request for proposal (RFP), asks for solutions rather than just prices.

Example sentences

  1. We received a request for quotation from a distributor in Romania for 20 tons of pasta.

  2. The deadline for replies to the request for quotation is Friday at noon.

Common collocations

  • send a request for quotation
  • respond to a request for quotation
  • RFQ deadline
  • issue an RFQ
  • quotationA written statement from a seller giving the price, quantity, delivery and payment conditions for goods a buyer is interested in.
  • unit priceThe price of one item or one unit of measure, such as a piece, kilo, metre or box, before it is multiplied by the quantity.
  • minimum order quantityThe smallest quantity of a product a supplier is willing to sell in one order, often set by production or packaging limits.
  • lead timeThe time between placing an order and receiving the goods, or between the order and the goods being ready for shipment.

More terms: Quotations and Orders

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