This article is part of our blog series on the Incoterms® Rules, helping importers and exporters understand international trade terms. Find the entire series here. Summary Cost and Freight (CFR) and Cost, Insurance, and Freight (CIF) are the last two trade terms of the total 11 Incoterms® Rules, and apply only to sea and inland waterway transport. Under CFR and CIF, the seller assumes the costs of loading the goods onto the vess [...]

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This article is part of our blog series on the Incoterms® Rules, helping importers and exporters understand international trade terms. Find the entire series here. Summary 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 bu [...]

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This article is part of our blog series on the Incoterms® Rules, helping importers and exporters understand international trade terms. Find the entire series here. Summary of DDP “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 [...]

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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 blog series on the Incoterms® Rules, helping importers and exporters understand international trade terms. Find the entire series here. Summary of Delivered at Place (DAP) and Delivered at Place Unloaded (DPU) DAP and DPU are nearly identical Incoterms® but with a key difference. Under DAP, risks and costs are the responsibility of the seller up to the delivery/arrival of the goods at the agreed dest [...]

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