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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.
Interline freight is cargo that moves between different transportation companies on its journey from origin to consignee. An interline exchange is a contractual transfer of goods from one company to another. [1] A shipment may be prepaid or collect. If it is collect, then each carrier that ships the freight assumes responsibility for the cargo ...
The first English court case which referred to c.i.f. was Tregelles v. Sewell (1862), [ 25 ] where the court established that under c.i.f. terms, risk passes to the buyer on shipment. [ 26 ] In the case of E. Clemens Horst Co. v. Biddell Brothers, the UK House of Lords ruled in 1911 that "the sellers in a c.i.f. contract were entitled to ...
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.
Cash on delivery (COD), sometimes called payment on delivery, [1] cash on demand, payment on demand or collect on delivery [2] is the sale of goods by mail order where payment is made on delivery rather than in advance. If the goods are not paid for, they are returned to the retailer. [3]
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 ...
When the agent acts in such conditions, the agent shall be liable for the haul and all the damage suffered by the consignee due to irregularity, incorrectness or incompleteness of insertions on the air waybill (when the shipper includes freight on the purchased item, in any other Incoterms sale, the shipper is the sole responsible, since there ...
A consignee is a person or entity to which goods are consigned. [1] In a contract of carriage, the consignee is the entity who is financially responsible (the buyer) for the receipt of a shipment.