The trade terms
2014-05-06 10:00:49 jerry
The trade terms
Ex (Point of Origin) (FOB origin) is also called EXW (Ex Works)
EXW is one of the international trade terms, is when the seller of its location or other designated locations (such as factories, factory or warehouse) will dispose of the goods to the buyer, delivery is completed, the seller is not cleared for export or the goods loaded on any means of transport.
Directindustry (finderwal) industrial export channels
FOB (Free on Board) (delivery in the means of transport)
FOB also known as "FOB", used in practice is usually "FOB port (starting) by FOB transaction, the buyer shall send its ships pick up the goods, the seller should be in the contract the port of shipment and within the prescribed time limit, loading the goods on board the vessel nominated by the buyer, and promptly notify the buyer. In actual transactions, the buyer will be commissioned by the seller to help charter booking, pay insurance, namely quasi CIF, buyer will pay to the seller the extra cost! The goods across the ship's rail at the time of shipment, risk is transferred from the seller to the buyer.
FAS (Free Alongside Ship) (FAS; side's offshore delivery)
Fas terms of trade, English as Free Alongside ship (named port of shipment) is the ex ship (named port of shipment), abbreviated as FAS. It means that the seller at the named port of shipment on the barge dock or deliver goods to the side of the boat, from now on, the purchaser shall be liable for loss of or damage to the goods all the costs and risks, in addition to the buyer for export customs clearance.
FCA (Free Carrier) delivered to the carrier (named place)
FCA free carrier is also "the goods delivered to the carrier (named place)" means that the seller delivers the goods at the designated location to the carrier nominated by the buyer, and for the export customs clearance, delivery is completed
C&F (Cost and Freight) (cost and freight) later changed to CFR (the actual operation of foreign trade also has a lot of guests like to use CNF to represent C&F, in fact only the symbol & into N, the meaning is the same)