Free On Board (FOB) denotes that the seller fulfills their obligation to deliver when the goods have passed over the ship's rail at the named port of shipment.
Incoterms, or International Commercial Terms, are a set of standardized trade terms that are used globally to define the responsibilities of buyers and sellers in the international shipment of goods.
A detailed examination of Ports of Entry, their roles, processes, and significance in global shipping and customs operations.
A detailed explanation of the Carriage and Insurance Paid to (CIP) Incoterm, including definitions, examples, obligations of the seller and buyer, and practical applications in international trade.
An in-depth look at 'Delivered at Frontier' (DAF), an Incoterm specification requiring sellers to deliver goods to a border location. Learn how it works, the involved responsibilities, and its applicability in international trade.
An in-depth look at Delivered Duty Paid (DDP), its responsibilities, benefits, and implications for both importers and exporters in international trade.
Learn about the discontinued trade term Delivered Ex Ship (DES), its implications for buyers and sellers, and how it compares to modern trade terms like DAT and DAP.
In-depth exploration of Delivered-at-Place (DAP) including its definition, operational mechanics, and both buyer and seller obligations.
