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"FOB destination" means the transfer occurs the moment the goods are removed from the transport at the destination. "FOB origin" (also sometimes phrased as "FOB shipping" or "FOB shipping point") indicates that the sale is considered complete at the seller's shipping dock, and thus the buyer of the goods is responsible for freight costs and ...
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. & I. by steamer to N.Y." used in a shipping contract addressed in the New York State case of Mee v. McNider (1886).
The Dutch word "lading" has exactly the same meaning (freight, cargo, an amount of transportable goods) as it has in the English "bill of lading", but is not restricted to shipping. [ 17 ] Under English law, the Carriage of Goods by Sea Act 1992 provides that the term "bill of lading" includes a "received-for-shipment" bill of lading issued by ...
A manifest can be exchanged for commercial purposes, for example the freight manifest exchanged between two liner agents in the departure and the arrival ports. The manifest can also be prepared for regulatory purposes, specifically the customs manifest which needs to be sent to customs when arriving in the first port in a country.
Shipping containers at the Port Newark-Elizabeth Marine Terminal in New Jersey, US A container-goods train on the West Coast Main Line near Nuneaton, England Double-stack Union Pacific container train crossing the desert at Shawmut, Arizona An ocean containership close to Cuxhaven, Germany A container ship being loaded by a portainer crane in Copenhagen Harbor, Denmark.
Freight transport, also referred to as freight forwarding, is the physical process of transporting commodities and merchandise goods and cargo. [1] The term shipping originally referred to transport by sea but in American English , it has been extended to refer to transport by land or air (International English: "carriage") as well.
The following is a list of further freight container related ISO specifications, where not all have an article assigned yet (you can help improve Wikipedia and start one): ISO 668 - Freight containers - Classification, dimensions and ratings; ISO 830 - Freight containers - Terminology; ISO 1161 - Freight containers - Corner fittings - Specification
FOB Origin or FOB Destination can be followed by Freight terms: "Freight Prepaid" or "Freight Collect". "Prepaid" means the vendor pays freight and "Collect" means the buyer pays freight. Be careful: You should use the INCOTERM CFR: Cost of Freight (Named Port), CIF - Cost of Insurance and Freight and CIP: Carriage, Insurance Paid (Named Port).