This article is part of our weekly blog series on the Incoterms® Rules — we will be looking at a new term every Tuesday Free Alongside Ship (FAS) and Free on Board (FOB) are the first two terms on the list that only apply to sea and inland waterway transport. We will consider them together due to the simple difference between them. Both terms place primary responsibility on the buyer to assume costs and risks, unlike the last term consi [...]

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This article is part of our weekly blog series on the Incoterms® Rules — we will be looking at a new term every Tuesday “Delivered Duty Paid” places the most responsibility on the seller out of all the Incoterms®. DDP goes beyond the seller assuming costs and risks of carriage to an agreed upon destination (as in DAP and DPU), to fulfilling export, transit, and import requirements as well. If an importer wants a shipment to arrive [...]

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“Peak Season” depends on each industry and when demand surges for a particular commodity—but late summer through fall tends to be the busiest time of year for the supply chain and retail worlds, between the back-to-school rush, and back-to-back holidays.   This year, additional factors come into play as pandemic effects and congestion remain, including the weeks-long lockdown in Shanghai—the largest container port in the wor [...]

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This article is part of our weekly blog series on the Incoterms® Rules — we will be looking at a new term every Tuesday DAP and DPU are nearly identical Incoterms® but with a key difference. ➤ The difference is that under DPU, the seller must also arrange for the unloading of the goods at the agreed destination, and is responsible for all costs and risks up until this point. Under DAP, risks and costs are the responsibility of t [...]

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