An FOB shipment is a type of shipping arrangement in which goods are delivered to a designated location and the buyer assumes responsibility for the transportation costs. FOB stands for “free on board.” This type of shipping is often used when exporting goods from one country to another.
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All about Container Freight Station
A container freight station (CFS) is a facility where cargo containers are loaded and unloaded. These stations are usually located near ports or railheads. CFSs are used to store, maintain, and distribute containers. They often have cranes and other equipment to move containers around. Container freight stations play an important role in the global economy by facilitating the movement of goods around the world.
5 Essential Notes about: DDP Incoterms (Delivered Duty Paid)
DDP Incoterms means that the seller delivers the goods cleared for import ready for unloading on the means of transport…
5 Essential Notes about: DAT Incoterms (Delivered At Terminal)
DAT Incoterms means that the seller delivers the goods, once unloaded from the arriving means of transport, placed at the…
5 Essential Notes about: FAS Incoterms (Free Alongside Ship)
FAS Incoterms (Free Alongside Ship) means that the seller must place the goods alongside the ship nominated by the buyer.…
5 Essential Notes about: CIP Incoterms
Carriage and Insurance Paid To (CIP Incoterms) means that the seller delivers the goods to the carrier at an agreed…
5 Essential Notes about: Free On Board (FOB) Incoterms
Free On Board (FOB) as a most frequently used Incoterms globally, is only applied to sea and waterway shipments. In…
5 Essential Notes about: Free Carrier (FCA) Incoterms
Free Carrier (FCA) means that the seller delivers the goods at its own premises or another named place to the…
Incoterms : Shipping Guide Every Trader Must Know
As a trader or a person working in trade, you’re definitely familiar with Incoterms. Since these terms are defined based…