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Articles On Incoterms 2020

Trade Advice
What does CFR Incoterm mean in 2020

CFR Incoterms (Cost and Freight ) | A term explained in Shipping

CFR stands for Cost & Freight terms, specifically used for sea and ocean freight transits and more precisely, used for bulk and non-containerized cargo. Read More

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CIF Incoterms 2020 Cost, Insurance and Freight

CIF Incoterms 2020 | Cost, Insurance and Freight

CIF stands for Cost, Insurance and Freight, a commercial rule under incoterms 2020 wherein the expenses are borne by the seller -- from delivering goods and bearing settlement charges for carriage and insurance till the designated port. CIF Incoterm cannot be used for air, rail and road transit. Read More

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FOB Incoterms Meaning and Shipping terms

FOB Incoterms | Meaning and Shipping terms

FOB stands for “Free on Board” or “Freight on Board”, and it defines shipping terms specific to transit by sea and inland waterways -- it does not apply to air, rail and road transit. Read More

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FAS Incoterms 2020 Free Alongside Ship Meaning and Shipping term

FAS Incoterms 2020 | Free Alongside Ship | Meaning and Shipping term

In the FAS incoterm, the seller has well-defined instructions for the course of transportation till the port of destination and the buyer seizes responsibility for loading the goods -- and all charges -- after the goods reach the nominated port. Read More

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DDP Incoterms 2020 Detailed Guide

DDP Incoterms 2020 | Detailed Guide

DDP incoterms is one of the 11 incoterms published by the International Chamber of Commerce (ICC). It stands for Delivery Duty Paid, a terminology allowing flexibility to hold any mode of transport. Also, it lays maximum risk and responsibilities on the seller. Read More