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free alongside ship fas

Free Alongside Ship (FAS) Explained: What is Free Alongside Ship (FAS)?

The "Free Alongside Ship" (FAS) Incoterm is used in international trade to spell out the buyer's and seller's responsibilities and duties when it comes to delivering goods. Both buyers and sellers need to be aware of the terminology because…
delivered at place dap

Delivered  At Place (DAP) Explained: What Does Delivered At Place (DAP) Mean?

Delivered at Place (DAP) is an Incoterm that is used in international trade to explain what both the buyer and the seller are responsible for in terms of delivery. The seller is responsible for delivering the goods to a location agreed upon…
cost and freight cfr

Cost and Freight (CFR) Explained: What Is Cost and Freight (CFR)?

Cost and freight (CFR) is a business term used in international trade to describe the buyer and seller's responsibilities for transporting goods from one location to another. It is the seller's job to get the goods to the port of shipment,…
carriage and insurance paid to

Carriage and Insurance Paid To (CIP) Explained: What Does Carriage and Insurance Paid To (CIP) Incoterm Mean?

Carriage and insurance paid to (CIP) is when a seller pays for freight and insurance to deliver goods to a party chosen by the seller at a location agreed upon by both parties. It is similar to the cost, insurance, and freight (CIF) agreement…
carriage paid to cpt

Carriage Paid To (CPT) Explained: What Does Carriage Paid To (CPT) Mean? 

Carriage Paid To (CPT) is a term used in international trade where the seller is responsible for all risks, including loss. The risk transfer takes place at a separate time from the cost transfer, and two places are important for the CPT:…
cost insurance and freight

Cost Insurance and Freight (CIF) Explained: What Does Cost Insurance and Freight (CIF) Incoterm Mean?

Cost insurance and freight (CIF) is an Incoterm used in international trade, where the seller is responsible for getting products from their country of origin to the port of destination and paying for them.  Shipping and insurance costs…
delivery duty paid

Delivery Duty Paid (DDP) Explained: What Does Delivery Duty Paid (DDP) Mean?

Delivery Duty Paid (DDP) is a trade term used in international shipping and commerce, where the seller is responsible for setting up and paying for all necessary shipping and customs clearance costs, and making sure the goods get to the buyer…
free carrier

Free Carrier (FCA) Explained: What Does Free Carrier (FCA) Mean? Free Carrier – Shipping Incoterms

"Free Carrier" is a business term that is often used in international business contracts. It shows the time when the seller has finished their job of getting the goods to the buyer. According to the FCA, it is the seller's job to deliver the…
free on board

Free On Board (FOB) Explained: What Does Free On Board Mean? Free On Board and Incoterms

According to the Free on Board conditions, the seller is in charge of putting the products on the ship at the designated port of shipping. The seller is responsible for putting the goods on the ship at the designated port of shipping, but…
ex works

Ex Works (EXW) Explained: What Does Ex Works Mean?

Ex Works, abbreviated as EXW, is an international trade term that falls under the Incoterms (International Commercial Terms) established by the International Chamber of Commerce. In the world of global trade, where goods move between countries,…
incoterms

Incoterms 101: A Guide to International Shippers

Discover the world of Incoterms®, the internationally recognized trade rules that govern responsibilities, costs, and risks in global transactions. Understand how Incoterms® streamline international purchases, ensuring clarity and legal compliance.…
supply chain

Enhancing Supply Chain Visibility and Control by Leveraging Virtual Assistants

You want to sell. But you don’t have all the time and manpower to facilitate the entire process. This results in a lack of awareness about what’s happening to your shipment.  What if you could gain visibility and control of your…