Okuzeka
International Trade vocabulary · Quotations and Orders

Unit price

Meaning in international trade, with examples

nounCore term

In international trade, unit price means: The price of one item or one unit of measure, such as a piece, kilo, metre or box, before it is multiplied by the quantity.

In Turkish: birim fiyat

How it is used

Appears as a column on quotations and on proforma and commercial invoices, next to quantity and total amount. It is always shown with a currency and usually an Incoterms rule: 'unit price USD 2.35 FOB'. Buyers often ask for a lower unit price for larger quantities.

Example sentences

  1. If you order 10,000 pieces, the unit price drops to EUR 1.85.

  2. The unit price on the invoice does not match the proforma.

Common collocations

  • unit price per piece
  • reduce the unit price
  • unit price and total amount
  • net unit price
  • quotationA written statement from a seller giving the price, quantity, delivery and payment conditions for goods a buyer is interested in.
  • minimum order quantityThe smallest quantity of a product a supplier is willing to sell in one order, often set by production or packaging limits.
  • commercial invoiceThe seller's final bill to the buyer for the goods shipped, showing the description, quantity, price and terms of sale; customs uses it to calculate duties.
  • IncotermsA set of standard three-letter trade terms published by the International Chamber of Commerce that show which costs, risks and tasks belong to the seller and which to the buyer.

More terms: Quotations and Orders

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