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Responsibility for the goods is with the seller until the goods are loaded on board the ship. Once the cargo is on board, the buyer assumes the risk. Ship loading at a wharf. The use of "FOB" originated in the days of sailing ships. When the ICC first wrote their guidelines for the use of the term in 1936, [7] the ship's rail was still relevant ...
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Average gasoline prices by country. Geographical pricing, in marketing, is the practice of modifying a basic list price based on the geographical location of the buyer. It is intended to reflect the costs of shipping to different locations. There are several ways to apply the cost of shipping to the prices.
Wind turbine towers being unloaded at a port Stevedores on a New York dock loading barrels of corn syrup onto a barge on the Hudson River.Photo by Lewis Hine, circa 1912. In shipping, break-bulk, breakbulk, [2] or break bulk cargo, also called general cargo, are goods that are stowed on board ships in individually counted units.
A "clean bill of lading" (aka "on-board bill of lading") is used when there is full compliance with no discrepancies between the description filed by the shipper and the actual goods shipped. A clean bill of lading indicates that the goods have been properly loaded onboard the carrier's ship in accordance with the contract.
Under this act, a waste is hazardous if it is ignitable, corrosive, reactive, or toxic, or appears on a list of about 100 industrial process waste streams and more than 500 discarded commercial products and chemicals. Treatment, storage, and disposal facilities are required to have permits and comply with operating standards and other EPA ...
Container ship capacity is measured in twenty-foot equivalent units (TEU). Tankers carry petroleum products or other liquid cargo. Dry bulk carriers carry coal, grain, ore and other similar products in loose form. Multi-purpose vessels, as the name suggests, carry different classes of cargo – e.g. liquid and general cargo – at the same time.
If a company exports a product at a price that is lower than the price it normally charges in its own home market, or sells at a price that does not meet its full cost of production, it is said to be "dumping" the product. It is a sub part of the various forms of price discrimination and is classified as third-degree price discrimination.