Preshipment inspection
Preshipment inspection: PSI. Inspection of goods by specially appointed firms before they are shipped to other countries. PSI is defined in the WTO Agreement on Preshipment Inspection as all activities imposed by a WTO member relating to the verification of the quality, quantity, price, including currency, exchange rates and financial terms, and/or the customs classification of goods to be exported to its territory.
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
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