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∙ 12y ago
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When the terms of sale are FOB shipping point the does the buyer pay the transportation charges?
yes, FOB means - free on board-(the ship) the term you are looking for is CIF (Cost Insurance Freight) - that includes all shipping charges to land cargo in a port - from that point its the buyers responsibility - any port charges to be paid / demurrage / stevedoring / and of course inland freight like trucking.
What is CIF value?
Cost, Insurance and Freight (CIF) is a common term in a sales contract that may be encountered in international trading when ocean transport is used. It must always indicate the port of destination, ie "CIF Shanghai." When a price is quoted CIF, it means that the selling price includes the cost of the goods, the freight or transport costs and also the cost of marine insurance. CIF is an international commerce term
What is the port of shipment?
Port of shipment refers to incoterms 2000. It is the exporter's port, the port where the goods come from. For example under the CIF term it says that the seller delivers when the goods pass the ship's rail in the port of shipment
What is cif aswp?
All Safe World Port!
Does cif any port cover warehouse to warehouse?
YES
When payment by CIF?
The payment is realized after discharging of goods in port of destination?
What is CIF incoterm?
CIF Cost Insurance and freight (Port of destination) Incoterms® 2010Seller must pay the costs and freight to bring the goods to the port of destination. However, risk is transferred to the buyer once the goods are loaded on the vessel (this rule is new!). Maritime transport only included Insurance for the goods.This term is for waterways or ocean freight only.
What is the freight term CIF?
Cost insurance Freight
What does CIF and CNF mean in shipping terms?
CIF m mean is: the seller pay the Cost, insurance and freight to distance port. CIF means the buyer insures the goods for the maritime phase of the voyage, the shipper/seller will insure the merchandise. In this arrangement, the seller usually chooses the forwarder. "Delivery" as above, is accomplished at the port of destination.
What does mean CIF?
C.I.F - cost, insurance and freight A trade term requiring the seller to arrange for the carriage of goods by sea to a port of destination, and provide the buyer with the documents necessary to obtain the goods from the carrier.
What does CIF mean in the same sentence as GFE?
GFE stands for "Girl Friend Experience" and is a slang term for the description of a type of prostitute.CIF stands for C** (slang term for ejaculate) in (on) face.When CIF is used in the same sentence as GFE, it means a prostitute who will allow, possibly for an addition fee (example: "CIF +$50") or not allow (example "NO CIF") the customer to ejaculate on their face.
Define CIF in term of resolution?
common intermediate format is 352x288
