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Jun 16, 2023 · We've compiled the ultimate list of shipping terms. On this page, you'll find shipping terminology that fits into multiple categories: International Shipping Terms, Maritime Shipping Terms, Inland Shipping Terms, and many more.
Jun 10, 2024 · Master international shipping terms with our glossary. Clear definitions and examples of key terms for business leaders and logistics personnel.
Import Formalities. *As per the Incoterms® rulebook: If parties want the Incoterms® 2020 rules to apply to their contract, the safest way to ensure this is to make that intention clear in their contract, through words such as: «(the chosen Incoterms® rule)(named port, place or point) Incoterms® 2020». 3.
- Free Carriers (FCA) FCA shipping term denotes that the seller is responsible for completing the delivery of certain products. They can either deliver the products directly to the customers or to a carrier nominated by the customer.
- Cost and Freight (CFR) CFR shipping term means that the seller is responsible for delivering the items to the destination port only. By “port”, we mean the port where the buyer is residing.
- Carriage Paid to (CPT) CPT is another one of the popular shipping terms, and it means that a seller is responsible for arranging the transport for the goods and delivering those to the destination.
- Delivery Duty Paid (DDP) DDP shipping term means that the seller is responsible for delivering the goods to a pre-decided place. This place resides in the buyer’s country and clearing the exports during departure.
Demystify the language of global shipping with our glossary. Explore essential international shipping terms for seamless global transactions.
Mar 21, 2017 · Seller pays transporting and loading costs of goods on vessel at named port of shipment. Buyer pays all remaining costs. Seller pays costs necessary to bring the goods to the named port of destination and provides the buyer with documents needed to obtain the goods from the carrier.
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Understanding International Shipping Terms. 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.
