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Tips for Freight

Contd: CIP Incoterms


4.CIP Incoterms – Carriage and Insurance Paid to (named place of destination) This is commonly used in road/rail or road/sea container shipments and is the multimodal equivalent of CIF. The seller pays for carriage and insurance to the named destination point, but risk passes when the goods are handed over …

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Contd: CPT Incoterms


3.CPT Incoterms – Carriage Paid To (named place of destination) The seller pays for carriage. The risk passes to the buyer when the goods are handed to the first carrier at the place of Importation. The seller also has to pay for cargo insurance, in the name of the buyer, …

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FCA Incoterms


FCA Incoterms – Free Carrier (named place of delivery) The seller hands over the goods, cleared for export, to the first carrier with whom he has made the arrangements (even if that carrier has been chosen by the buyer). The buyer normally pays for carriage to the port of import, …

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EXW Incoterms


Any mode of transport 1.EXW Incoterms – Ex Works (named place of delivery) This simple arrangement places the onus on the buyer to carry out the whole shipping process. The seller just makes the goods available at his factory or warehouse at the agreed date: if he physically loads them it …

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Incoterms 2010


Incoterms 2010 This latest version was launched in September 2010 but actually came into being on 1st January 2011. This sometimes leads to confusion, with people referring to Incoterms 2011; and you may hear references to Incoterms 2012 or Incoterms 2013. They are not, however, updated annually and the correct …

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What is the ICC?


  What is the ICC? Based in Paris, ICC was founded in 1919. In the chaos that followed WW1, a group of industrialists and financiers were determined to try to bring some order into world trade and to establish some rules and agreements that would make it easier to do …

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International Commercial Terms (Inco terms)


  ‘Incoterms’ has become a stock term in the international freight world. In fact it is a word that is copyrighted by the International Chamber of Commerce (ICC). Following some years of discussion and drafting within the ICC, they issued the first International Commercial Terms (Inco terms) in 1936. There …

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Tips for identify the supplier


How do  the identify your supplier..?? There are several sources all around the world to help you identify the suppliers that may be able to supply the cargo that you want.. Most popular among these sources are : Virtual sources 1 Trade Portals 2  Websites 3  Blogs 4 Magazines Tangible …

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