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FOB is only used in non-containerized sea freight or inland waterway transport. As with all Incoterms, FOB does not define the point at which ownership of the goods is transferred. The term FOB is also used in modern domestic shipping within North America to describe the point at which a seller is no longer responsible for shipping costs.
Some terms may be used within other English-speaking countries, or within the freight industry in general (air, rail, ship, and manufacturing). For example, shore power is a term borrowed from shipping terminology, in which electrical power is transferred from shore to ship, instead of the ship relying upon idling its engines. Drawing power ...
The term "cost, insurance, freight" or "c.i.f." predates the introduction of Incoterms. Craighall noted in a 1919 article that in "earlier times" the initials were usually written "C. F. & I.": he quotes the phrase "C. F.
Although drayage is a very small component (both in terms of time and distance) of the supply chain, its cost and potential problems can be disproportionately high. In intermodal freight transport, marine drayage is the transport of containerized cargo by specialized trucking companies between ocean ports or rail ramps and shipping docks.
A waybill is a document issued by a carrier giving details and instructions relating to the shipment of a consignment of cargo. [1] Typically it will show the names of the consignor and consignee, the point of origin of the consignment, its destination, and route.
When the cargo is being shipped by several different shipping companies on the same vessel, there will usually be separate bills of lading for each company, but only a single consolidated cargo manifest. On the other hand, if the cargo contains dangerous goods, there may be a separate dangerous cargo manifest. A manifest can be exchanged for ...
The exact definition of transshipment may differ between ports, mostly depending on the inclusion of inland water transport (barges operating on canals and rivers to the hinterland). The definition of transshipment may: include only seaborne transfers (a change to another international deep-sea container ship); or
Cabotage (/ ˈ k æ b ə t ɪ dʒ,-t ɑː ʒ /) is the transport of goods or passengers between two places in the same country. The term originally applied to shipping along coastal routes, port to port, but now applies to aviation, railways, and road transport as well.
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