Incoterms 2010 is the eighth set of pre-defined international contract terms published by the International Chamber of Commerce, with the first set having been published in 1936.
Voyage Charterparty. Charterer's obligation to provide the goods for loading. In absence of express stipulations the charterer is impliedly under an absolute obligation to provide a cargo according to the charter.Provision of the cargo and nomination of the berth must be made in sufficient time to enable the vessel to be completely loaded ...
Confused whether to go for EXW or FOB while cargo shipping from China? Here is an explanation of the terms EXW and FOB and how they can be advantageous.
FOB, "Free On Board", is a term in international commercial law specifying at what point respective obligations, costs, and risk involved in the delivery of goods shift from the seller to the buyer under the Incoterms 2010 standard published by the International Chamber of Commerce.
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Carriage of Goods by Sea. Sale Contracts. FOB Terms represent a type of sale contracts under which the buyer takes all the risks and expenses from the moment the goods crossed ship's rail.
defines the obligations, rights and liabilities of the shipowner and charterer. Recognised standard form (e.g. GENCON, BALTIME, NYPE)
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What Is 'Delivered Duty Paid - DDP'? Delivered duty paid is a delivery agreement whereby the seller assumes all of the responsibility, risk and cost associated with transporting goods until the buyer receives or transfers them at the destination port. This includes paying for shipping costs ...
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12 Pin - Chassis with 12 locking points.. Act of God - An act occasioned by violence of nature which no reasonable human foresight, care, or diligence can anticipate or prevent.
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Port Manteaux churns out silly new words when you feed it an idea or two. Enter a word (or two) above and you'll get back a bunch of portmanteaux created by jamming together words that are conceptually related to your inputs.
The information provided here is part of Import Export course online. What is FOB in Inco terms of delilvery? In this article, I am going to explain about the term of delivery - FOB used in international business.
The information provided here is part of Online Export Import course . Know the term Port of Discharge and Place of Delivery . Difference between Port of Discharge and Place of Delivery.
This term means the seller delivers when the goods pass the ship's rail in the port of shipment. Seller must pay the costs & freight necessary to bring the goods to the named port of destination, BUT the risk of loss or damage, as well as any additional costs due to events occurring after the time of delivery are transferred from seller to buyer.
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