What is Ex Works (EXW) Incoterm? Ex Works is the most basic form of delivering merchandise internationally under Incoterms. In this case, after the seller…
What is CIF Incoterm? CIF stands for cost insurance and freight and is an international trade term that defines the seller's responsibilities for delivering goods. Under…
What Is CPT In Incoterms? CPT is a shipping term used in international trade. It means that the seller pays for the transport of goods…
When shipping goods, there always comes a time when shippers need to think about LCL shipping, which is an abbreviation for "Less than Container Load."…
What is LTL Shipping? Less-than-Truckload is a method of shipment of commodities, whereby in case a shipment is insufficient to fill up the whole truck,…
What is CIP Incoterms 2020 and How is it Used? CIP stands for Carriage and Insurance Paid to, and it's one of the Incoterms as…
Under the CFR (Cost and Freight Shipping) , the seller is under the obligation to deliver the goods to a named port, load the goods…
The world's economy is becoming increasingly interconnected, and the barrier to entry in international trade has never been lower. With growing e-commerce and online commerce,…
What is the FAS Incoterm (Free Alongside Ship)? FAS Incoterm (Free Alongside Ship) is, in essence, an essential term in international shipping contracts. In this…