CFR (Cost and Freight) is an international trade term used in shipping contracts where the seller must cover the costs and freight necessary to bring goods to a specified port of destination, but without insurance coverage included.
An instruction that all carriage charges on a consignment of goods will be paid by the consignee after he receives them.
Comprehensive overview of CIF (Cost, Insurance, and Freight) – a common term in international shipping and trade indicating that the seller pays for the cost, insurance, and freight charges to transport goods to the buyer's port.
An in-depth look at Deadweight Tonnage (DWT), its historical context, categories, key events, importance, and applicability in maritime and shipping industries.
Detailed explanation of Delivered at Place Unloaded (DPU) Incoterm including definitions, responsibilities, examples, historical context, and frequently asked questions (FAQs).
An in-depth exploration of the shipping term Free on Board (FOB), where the seller’s obligation ends once goods are placed on a vessel chosen by the buyer. This guide covers the definition, types, special considerations, examples, historical context, and applicability.
FOB Origin stands for 'Free on Board Origin,' indicating that the buyer assumes responsibility for the goods once they are shipped from the seller's origin point.
A detailed exploration of the term 'Free On Board (f.o.b.)', its historical context, types, and importance in international trade.
A shipping term where the buyer pays for the freight charges upon delivery of goods.
A comprehensive overview of prepaid delivery, detailing its definitions, types, benefits, examples, and special considerations in various industries.
A comprehensive explanation of the incoterm 'Free On Board' (FOB), including its definition, historical context, applications, and related terms.
An overview of the Free On Board (FOB) transportation term, including its meaning, implications in shipping, and comparisons to related terms.
Comprehensive explanation of Cost, Insurance, and Freight (CIF), including its definition, associated rules, and illustrative examples.
Explore the detailed insights on Free Carrier (FCA) Shipping Terms, including its definition, types, examples, historical context, and relevance in modern trade.
A comprehensive explanation of the Free on Board (FOB) shipping term, defining liability and ownership transfer points in transportation. Understand the implications for buyers and sellers in international trade.
