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1. tradefinanceglobal.com › posts › shipping-termsShipping terms explained: CFR, CIF, and FOB - Trade Finance ...

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   Dec 17, 2016 · Confused about the difference between Cost and Freight (CFR), Cost, Insurance and Freight (CIF), and Free on Board (FOB)? Read the TFG guide!

2. www.freightamigo.com › cost-and-freight-cfr-cnf-cfCost and Freight | Shipping Term Glossary | FreightAmigo

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   Cost and Freight (CFR), also known as Cost and Freight (CNF) or Cost & Freight (C&F), is a widely used international shipping term that falls under Incoterms (International Commercial Terms) defined by the International Chamber of Commerce.

3. www.freightos.com › freight-resources › incotermsIncoterms Explained [2024 Ultimate Guide] | Freightos

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   Oct 8, 2023 · Freight incoterms (International Commercial Terms) are the standard terms used in sales contracts for importing and exporting. They are used to define responsibility and liability for goods over the course of a shipment.

4. www.visigistics.com › resources › understandingUnderstanding International Shipping Terms: A Comprehensive ...

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   Jun 10, 2024 · Master international shipping terms with our glossary. Clear definitions and examples of key terms for business leaders and logistics personnel.

5. chamberexport.com › blog › understandingUnderstanding International Shipping Terms: CIF, FOB, and More

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   When you’re navigating compliance with incoterms, you will come across shipping terms such as CIP, CIF, FOB, and others. Gain a deeper understanding of the terms so you can easily manage your obligations.

   • Location: 104 S Estes Dr, Chapel Hill, 27514, NC

   • Phone: (919) 942-3851

6. www.maersk.com › support › glossariesGlossary of shipping terms | Website guide & support | Maersk

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   See our glossary of shipping terms for a glossary of port and shipping terms with an overall international shipping terms glossary.

7. People also ask

   What does CIF mean in shipping?

   • This term only applies to exports being shipped internationally across the ocean or another waterway. Under CIF terms, the seller handles the cost, insurance, and freight factors of exporting an order. While the seller handles the costs, the buyer assumes all responsibility once the goods are loaded on the ship.

   Understanding International Shipping Terms: CIF, FOB, and More

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   What is ocean freight?

   • A one-off charter operated at the necessity of an airline or charterer. This is a Latin term meaning 'according to value.' Import duty applied as a percentage of the cargo's dutiable value. Ocean Freight can be assessed based on the value of the merchandise as well. Additional charges above ocean freight.

   Glossary of shipping terms | Website guide & support | Maersk

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   What is a freight rating?

   • Usually refers to a rating that applies to an article regardless of weight. When freight appears to be free of damage; so far as a general survey can determine. The combination of the true wind and the headwind caused by the boat's forward motion. For example, it causes a light side wind to appear to come from well ahead of the beam.

   Glossary of shipping terms | Website guide & support | Maersk

   www.maersk.com/support/glossaries/shipping-terms

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   What is a consolidated freight station (CFS)?

   • Definition: A facility where cargo is consolidated or deconsolidated before being exported or after being imported. Usage: A CFS is used for grouping small shipments into containers or separating consolidated shipments for delivery. Example: "The goods were taken to a Container Freight Station for consolidation before being loaded onto the ship."

   Understanding International Shipping Terms: A ... - Visigistics

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8. theneologistics.com › a-glossary-of-shipping-termsGlossary of Shipping Terms: Your Essential Guide - NEO LOGISTICS

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   Apr 9, 2024 · Here are some of the most common words and acronyms used in the shipping industry: The Automatic Identification System uses satellites to locate and identify ships. A collection of shipments from different businesses which a carrier is transporting together in one shipment. A freight that has a low weight but takes a considerable amount of space.