Incoterms for Air Freight. Incoterms commonly used for air shipments are: EXW (Ex-works), in which the buyer assumes responsibility at the seller's warehouse and takes care of everything including transportation and insurance. CIP (Carriage and insurance), which puts responsibility for insurance on the seller.

Freight Charge - the sum that is expected for cargo transportation. Freight Forwarder - Logistics company that acts as an intermediary between the shipper and the carrier. Freight of All Kinds (FAK) - A rate agreement between shipper/broker and the carrier. Learn everything you need to know about FAKs.

1. What Are Incoterms or Shipping Terms. Short for "international commercial terms", incoterms are standardized contract terms to be added to a contract of sale that will involve an international freight shipment. The terms define the buyer and seller's responsibilities and the risks that they are assuming.

Freight Terms: A Comprehensive Guide for Shippers and Carriers. May 22, 2023. Freight transportation is a crucial aspect of global trade, and understanding freight terms is essential for both shippers and carriers. In this comprehensive guide, we will delve into the world of freight terms, their significance, and how they impact the shipping ...

‍Freight Payment Terms Importance: Crucial for financial health, managing cash flow, and fostering professional client relationships.‍ Impact on Logistics and Supply Chain: Optimizes operations, improves planning, reduces disputes, and facilitates better credit terms.‍ Role in International Trade: Mitigates credit risks, ensures payment upon delivery, and resolves financing-related ...

Estimated reading time: 6 minutes A guide to shipping terms and incoterms. Cost and Freight (), Cost, Insurance and Freight (CIF) and Free on Board are three of the terms included in the International Chamber of Commerce's International Commerce Terms (Incoterms).There is a lot of talk in the global trade world about the incoterms and how to use them - unfortunately for those new to the ...

COST AND FREIGHT（…named port of destination）---成本加運費（…指定目的港）是指賣方必須在合同規定的裝運期內,在裝運港將貨物交至運往指定目的港的船上,負擔貨物越過船舷為止的一切費用和貨物滅失或損壞的風險,並負責租船或訂艙,支付抵達目的港的正常運費。

A trucking term that refers to shipping freight within the same city or area. Chassis. A rail term that refers to a frame with wheels and locking devices to secure a container during shipping. Classification. A freight classification assigned to an article for the purpose of applying transportation charges.