Real ocean freight transit time Get to know the time in transit of cargo on popular container shipping lines between ports of loading and port of discharge. Get startedLearn more Sea Lines Explorer Service is designed for determination of shipping lines whose vessels put in chosen port or directi...
新修订的《国际贸易术语解释通则》将自2020年1月1日起生效。 Incoterms detail the obligations of the parties as well as the allocation of risk and cost in a trade contracted on three-letter trade terms (such as CIF and FOB). Incoterms are disti...
Incoterms 2020 EXW Ex Works FCA Free Carrier FAS Free Alongside Ship FOB Free on Board CFR Cost and Freight CIF Cost, Insurance and Freight CIP Carriage and Insurance Paid Тo DAP Delivered at Place DPU Delivered Named Place Unloaded DDP Delivered Duty Paid Expected changes CNI Cost and Insu...
Incoterms® meaning: With CPT, CIP, Cost & Freight (CFR), and Cost, Insurance and Freight (CIF), the main carriage is paid by the seller, but the risks are transferred when the goods are handed over to the first carrier. Two of these terms oblige the seller to insure the goods in...
Incoterms® meaning: With CPT, CIP, Cost & Freight (CFR), and Cost, Insurance and Freight (CIF), the main carriage is paid by the seller, but the risks are transferred when the goods are handed over to the first carrier. Two of these terms oblige the seller to insure the goods in...
CIF – Cost, Insurance and Freight “Cost, Insurance and Freight”, also known as CIF, is also restricted to sea or inland waterway modes of transport. In this case, the seller insures the goods transported up until they arrive at the port, but it becomes the responsibility of the buyer...
The Incoterms 2020adapt the insurance cover in the clauses CIF(Cost Insurance Freight)and CIP(Carriage Insurance Paid) to the current business practice. So far, the seller has taken out insurance coverage for the benefit of the buyer at a minimum level that covers a number of standard risks...
Incoterms are incorporated into contracts by express reference whether in special contract terms (for example, "DAP one safe berth Rotterdam, per Incoterms latest edition") or in standard contract terms (for example, BP Oil GTCs –“‘CFR’ and ‘CIF’ shall each have the meaning ascribed the...
CIF Incoterms® meaning There are 11 Incoterms® rules in total, and CIF – standing for cost, insurance and freight – is one of four that relate only to waterbound transportation. That means either sea freight or transportation via inland waterways.CIF shouldn’t be used for air or la...
Incoterms® CIP - Carriage and Insurance Paid To - What is the meaning of CIP shipping term? With the CIP Incoterm, the seller arranges the transportation, costs and insurance on behalf of the buyer to a named place at destination. Under the Incoterms 2020 CIP terms, the risk is transf...