22 June 2020
DAT (Delivered At Terminal) Incoterms - Duties, roles & Charges
DAT is an incoterm published by the ICC, having its first edition in 1936 and the most recent one in January 2020. The recent edition has a new name for DAT, i.e., ‘Delivered at Place Unloaded’, but the responsibilities of the seller and the buyer remain unchanged.
22 June 2020
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.
17 June 2020
DAP (Delivered At Place) Incoterms in Shipping & Customs
This post explains the duties & obligations of the exporter & the importer under DAP incoterms. Learn more about DAP's charges, meaning & its difference from other incoterms.
23 August 2021
CIF (Cost, Insurance & Freight) Incoterms - Guidelines & Meaning
CIF incoterms is a trading & customs guideline under incoterms 2021 by which the obligation to cover cost of goods, insurance & freight is borne by the exporter. Learn more in detail here.
15 September 2021
Ex Works (EXW) Incoterms - Explained In International Trade
EXW Incoterm stands for Ex Works, having an EXW arrangement means that there is minimum obligation for the seller, whereby he is responsible only till the delivery of goods at the named place, and the buyer covers the entire shipping cost.
03 June 2020
FOB Incoterms in Shipping - Meaning, Cost & Delivery Point
FOB or “Free on Board” or “Freight on Board” defines shipping terms specific to transit by sea and waterways. Learn the meaning, shipping points and comparison with other incoterms.
29 July 2021
What are Incoterms Rules? - Full Guide & List [With Examples]
The incoterms are used by buyers and sellers to define their respective roles in the ownership, risk, and responsibilities in an international trade transaction process, including their shipping.