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With "FOB destination", the sale is complete at the buyer's doorstep and the seller is responsible for freight costs and liability during transport. [11] [12] The two terms have a specific meaning in commercial law and cannot be altered. But the FOB terms do not need to be used, and often are not.
Under FOB terms the seller bears all costs and risks up to the point the goods are loaded on board the vessel. The seller's responsibility does not end at that point unless the goods are "appropriated to the contract" that is, they are "clearly set aside or otherwise identified as the contract goods". [21]
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).
Air Data Inertial Reference System ADIRU Air Data Inertial Reference Unit: ADIZ Air defense identification zone: ADJ Adjustment Mechanical term ADM 1: Aeronautical decision-making [5] Piloting term of judgment ADM 2: Air data module: ADN Aircraft Data Network: Ethernet derivative for Commercial Aircraft ADS 1: Air data system ADS 2: Automatic ...
Modern freight forwarders offer an end-to-end process i.e. shipping the goods from the place of origin to the final destination and may offer additional services such as warehouse planning, cargo insurance and customs brokerage. [8] In a single transaction, the forwarder may be acting as a carrier (principal) or as an agent for his customer or ...
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A FedEx Express Boeing 777F taxiing at Narita International Airport in Tokyo, Japan in 2012 A Volga-Dnepr Airlines An-124 cargo aircraft ready for loading in 2008 Global air transport by country and freight level as of 2017 (ton-km) [1] Air cargo is any property carried or to be carried in an aircraft. Air cargo comprises air freight, air ...
Drop shipping is a form of retail business in which the seller accepts customer orders without keeping stock on hand. Instead, in a form of supply chain management, the seller transfers the orders and their shipment details either to the manufacturer, a wholesaler, another retailer, or a fulfillment house, which then ships the goods directly to the customer.