Ways to Ship Products Ocean Freight: Rates based on cubic measure, destination, traffic going to that area, and the frequency of trips made to that area. Air Freight: Rates depends on destination, traffic, and frequency of trip. Offer better rates for dense, heavy cargo.
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Ocean Freight: Rates based on cubic measure, destination, traffic going to that area, and the frequency of trips made to that area.
Air Freight: Rates depends on destination, traffic, and frequency of trip. Offer better rates for dense, heavy cargo.
Freight Forwarder: May offer cheaper rates by combining shipments of several exporters headed for the same destination.
Cost of transportation is usually predetermined in the terms of sale.
National trade association of U.S Assist in locating a local freight forwarder.
EXW:Ex Works: the seller makes the goods available at his named premises.
FCA:Free Carrier: Seller hands over the goods, cleared for export, into the custody of the first carrier (given by the buyer) at the named placed. (term suitable for all modes of transportation)
FAS:Free Alongside Ship: Seller must place the goods alongside the ship at the named port. The buyer must clear the goods for export. (Maritime only)
FOB:Free on Board: Seller must load the goods on board of origin the ship nominated by the buyer, the cost and risk being divided at ship’s rail. The seller must clear the goods for export. (Maritime transportation only)
CFR:Cost and Freight: Seller must pay the cost and freight to bring the goods to the port of destination. However, risks is transferred to the buyer once the goods have crossed the ship’s rail. (Maritime only)
CIF:Cost, Insurance and Freight: Same as CFR except that the seller must procure and pay for the insurance for the buyer. (Maritime only)
CPT:Carriage Paid To: The seller pays for carriage to the named point of destination, buyer will be responsible for cargo insurance, import customs clearance, duties and taxes, and other costs and risks. (Air)
CIP:Carriage and Insurance Paid: Seller pays for carriage and insurance to the named destination point, but risk passes when the goods are handed over to the first carrier. (Air)
DAF: Delivered At Frontier: Delivery of goods to the port of destination at the seller’s expense (Suitable for rail/road Transportation)
DES:Delivered Ex Ship: Seller will pay for the delivery of the goods to the port of destination, but the buyer must be responsible for the unloading fee, import custom clearance, custom duties and taxes, insurance and other costs and risks.
DEQ:Delivered Ex Quay: The delivery of goods to the port at destination at the seller’s expense. Seller is responsible for import clearance. Cargo insurance and other costs and risks is buyer’s expense.
DDU:Delivered Duty Unpaid: Seller must deliver the goods all the way to a named place in the country of destination. However, the buyer must clear the goods for import and pay the necessary duties.
DDP:Delivered Duty Paid: Maximum obligation for the seller: Seller pays for all costs, charges, and official formalities up to destination.
Port of Shipment
Port of Destination
Unz & Co. Website: http://www.unzexport.com
1)Non-negotiable: Transportation carrier must only deliver the goods to the consignee (Buyer) named in the bill of lading