“Incoterms” is an abbreviation for “International Commercial Terms.” These are published by the International Chamber of Commerce, and are used in commercial transactions between importers and exporters to prevent confusion when doing foreign trade. They help each party understand the exact terms o...
What is landed cost? What is the difference between LDP and DDP? Advantages of LDP Disadvantages of LDP Conclusion What does LDP stand for in shipping? LDP is an abbreviation for Landed Duty Paid. It is a shipping term that quotes the final price a buyer pays for goods being imported acro...
The definition is contained in Incoterm and means “freeboard” or “cargo on board”. Although the two terms are used as synonyms and mean the same, it should be noted that “cargo on board” is not an official term but is used only colloquially. Once it has become clear what the ab...
“Incoterms” is an abbreviation for “International Commercial Terms.” These are published by the International Chamber of Commerce, and are used in commercial transactions between importers and exporters to prevent confusion when doing foreign trade. They help each party understand the exact terms o...