Search results
Results from the WOW.Com Content Network
FOB destination or FOB destination, freight prepaid DAP destination A related but separate term "CAP" ("customer-arranged pickup") is used to denote that the buyer will arrange a carrier of their choice to pick the goods up at the seller's premises, and the liability for any damage or loss belongs to the buyer.
Incoterms 2010 defines DAP as 'Delivered at Place' – the seller delivers when the goods are placed at the disposal of the buyer on the arriving means of transport ready for unloading at the named place of destination. Under DAP terms, the risk passes from seller to buyer from the point of destination mentioned in the contract of delivery.
If it is a destination contract (FOB (buyer's city)), then risk of loss is on the seller. If it is a delivery contract (standard, or FOB (seller's city)), then the risk of loss is on the buyer. In cases not covered by the foregoing rules, if the seller is a merchant, then the risk of loss shifts to the buyer upon buyer's "receipt" of the goods.
Global freight volumes according to mode of transport in trillions of tonne-kilometres in 2010. In 2015, 108 trillion tonne-kilometers were transported worldwide (anticipated to grow by 3.4% per year until 2050 (128 Trillion in 2020)): 70% by sea, 18% by road, 9% by rail, 2% by inland waterways and less than 0.25% by air.
International commercial contracts are sale transaction agreements made between parties from different countries. [4]The methods of entering the foreign market, [5] with choice made balancing costs, control and risk, include: [6]
A forward operating base (FOB) is any secured forward operational level military position, commonly a military base, that is used to support strategic goals and tactical objectives. [1] A FOB may contain an airbase, hospital, machine shop, and other logistical facilities. The base may be used for an extended period of time.
Death, taxes and the New York Jets not having a capable quarterback.. Few things in life are more guaranteed than that. Since hoisting the Lombardi Trophy in Super Bowl 3, a dark cloud has hung ...
Uniform delivered pricing is the opposite of the FOB origin pricing, as the same price is quoted to all customers. The transportation costs are averaged across all buyers, and the nearby customers are in effect subsidizing the faraway ones (paying more for the delivery than it costs the seller, the difference is called the phantom freight).