Navigating the Seas: A Guide to International Shipping Incoterms with BEST 4 SHIPPING INC | |
Common International Shipping Incoterms There are several commonly used incoterms international shipping terms, each representing a different set of responsibilities and obligations for buyers and sellers. Some of the most frequently encountered terms include: 1. EXW (Ex Works): The seller's responsibility is fulfilled when the goods are made available at the seller's premises, and the buyer assumes all risks and costs from that point onwards. 2. FOB (Free On Board): The seller is responsible for delivering the goods to the named port of shipment and loading them onto the vessel. Once the goods are on board, the risk transfers to the buyer, who is responsible for all subsequent costs and risks. 3. CIF (Cost, Insurance, and Freight): The seller is responsible for delivering the goods to the named port of destination and covering the cost of freight and marine insurance. However, the risk transfers to the buyer once the goods are on board the vessel. | |
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Target State: All States Target City : usa Last Update : 23 April 2024 3:16 PM Number of Views: 39 | Item Owner : Best4shipping Contact Email: Contact Phone: 718-341-0050 |
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