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The seller pays the same freight and insurance costs as they would under a CIF arrangement. Unlike CFR and CIF terms, the seller has agreed to bear not just cost, but also Risk and Title up to the arrival of the vessel at the named port. Costs for unloading the goods and any duties, taxes, etc. are for the Buyer.
Port – Naval term for "left side of ship" when on board a ship and facing forward, opposite of starboard. "Port" is the same with respect to a ship regardless of where a person is located or which way a person is facing, whereas "left" might be ambiguous. Portholes – military issue eyeglasses, or the wearer of glasses. See also BCGs & RPGs.
The definition of inland port in the jargon of the transportation and logistics industries is: An inland port is a physical site located away from traditional land, air and coastal borders with the vision to facilitate and process international trade through strategic investment in multi-modal transportation assets and by promoting value-added ...
Indicating "FOB port " means that the seller pays for transportation of the goods to the port of shipment, plus loading costs. The buyer pays the cost of marine freight transport, insurance, unloading, and transportation from the arrival port to the final destination. The passing of risks occurs when the goods are loaded on board at the port of ...
The word "lading" means "loading", both words being derived from the Old English word hladan. [15] "Lading" specifically refers to the loading of cargo aboard a ship. [16] 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 ...
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.
SOHAR Port and Freezone is a deep-sea port and adjacent free zone in the Middle East, located in Sohar, Sultanate of Oman, midway between Dubai and Muscat. [1] With current investments exceeding $26 billion, it is one of the world's fastest growing port and free zone developments [2] and lies at the centre of global trade routes between Europe and Asia.
Mason Transfer and Grain Co., bonded warehouse on the South Texas Border. Taken by Robert Runyon sometime between 1900 and 1920.. A bonded warehouse, or bond, is a building or other secured area in which imported but dutiable goods may be stored, manipulated, or undergo manufacturing operations without payment of duty. [1]