Freight Modalities (2): Rail
Rail is another form of land-based transportation. The United Kingdom and most European Union countries have extensive rail networks. In...
Freight Modalities (1): Road
The main modes of transport can be roughly divided into surface and air modalities. Sea, rail, road (ship, train, and...
Final Notes on Incoterms
As might be obvious from the previous posts on incorterms, several Incoterms are applicable to waterway transportation only: FAS, FOB,...
Category D Incoterms: Arrival
DAF: Delivered At Frontier (followed by the named place). The seller bears responsibility for clearing the goods for export and...
Category C Incoterms: Seller Pays Main Carriage
CFR: Cost And Freight (followed by the named port of destination). This code signifies that the seller bears responsibility for...
Category F Incoterms: Main Carriage Unpaid
FAS: Free Alongside Ship (followed by the named port of shipment). When this is specified, both parties agree that the...
Category E Incoterms: Departure
EXW: Ex-Works (followed by the named place). When EXW specified, the seller or exporter presents goods on the premises of...
Incoterms for Commercial Transactions
The International Chamber of Commerce created Incoterms to codify and standardise the clarification of cost, risk, and the various obligations...
International Freight Documentation (4): Transportation and Journey Documentation
This collection of documents concerns the transportation element of the goods’ journey. The following documents are required: Carnet This is...