FCA (Free Carrier): Understanding the Responsibilities of Buyers and Sellers in International Trade FCA, or Free Carrier, is one of the 11 Incoterms recognized by the International Chamber of Commerce (ICC). Incoterms are internationally recognized trade terms that define the obligations of buyers and sellers in a transaction, such as the delivery of goods, transportation, and payment of duties, taxes,
DDP (Delivered Duty Paid): Understanding the Obligations of Buyers and Sellers in International Trade In international trade, Incoterms play a crucial role in defining the responsibilities of buyers and sellers in a transaction. One of the most comprehensive Incoterms is DDP (Delivered Duty Paid), which specifies the obligations of the buyer and seller in a transaction. In this blog, we
DAP (Delivered at Place): Understanding the Obligations of Buyers and Sellers in International Trade In international trade, Incoterms play a crucial role in defining the responsibilities of buyers and sellers in a transaction. One of the most commonly used Incoterms is DAP (Delivered at Place), which specifies the obligations of the buyer and seller in a transaction. In this blog,
CPT (Carriage Paid To): Understanding the Obligations of Buyers and Sellers in International Trade In international trade, Incoterms play a crucial role in defining the responsibilities of buyers and sellers in a transaction. One of the most commonly used Incoterms is CPT (Carriage Paid To), which specifies the obligations of the buyer and seller in a transaction. In this blog,
CIF (Cost, Insurance, Freight): Understanding the Obligations of Buyers and Sellers in International Trade In international trade, Incoterms play a crucial role in defining the responsibilities of buyers and sellers in a transaction. One of the most commonly used Incoterms is CIF (Cost, Insurance, Freight), which specifies the obligations of the buyer and seller in a transaction. In this blog,
FOB (Free on Board): Understanding the Obligations of Buyers and Sellers in International Trade In international trade, Incoterms play a crucial role in defining the responsibilities of buyers and sellers in a transaction. One of the most commonly used Incoterms is FOB (Free on Board), which specifies the obligations of the buyer and seller in a transaction. In this blog,
EXW (Ex Works) Incoterms: Understanding the Obligations of Buyers and Sellers In international trade, Incoterms play a crucial role in defining the responsibilities of buyers and sellers in a transaction. One of the most commonly used Incoterms is EXW (Ex Works), which specifies the obligations of the seller and buyer in a transaction. In this blog, we will explain what
IncoTerms are international trade terms that define the responsibilities of sellers and buyers in a transaction. They specify who is responsible for the transportation of goods, who pays for the cost of transportation, and who is responsible for customs clearance and other formalities. Here are the 11 Incoterms recognized by the International Chamber of Commerce (ICC): It is important to
The supply chain is the backbone of many businesses, and it’s essential to keep it running smoothly and efficiently. With the increasing complexity of global shipping and logistics, it’s becoming more important than ever to have the right tools in place to manage your supply chain. One of these tools is a freight directory. A freight directory is an online
As the world of shipping and logistics continues to evolve, businesses are faced with new challenges and opportunities. To stay ahead of the competition and streamline operations, many businesses are turning to freight directories to help them find the best shipping options, improve efficiency, and grow their operations. So, what exactly is a freight directory, and how can it help