Answer the questions and get 50 MVP for members less than 1000 points
Post 1 of 10
17 Dec 2007 02:31
Post 3 of 10
Replying to [darkfox133]:![[em47]](http://img.alibaba.com/images/eng/style/icon/emoticons_ship.gif)
What are the correct answers?
What are the correct answers?
18 Dec 2007 16:08
Post 4 of 10
Replying to [darkfox133]:
What is FOB? Free On Board vessel, named ocean port of shipment.
This term is used for ocean shipments only where it is important that the goods pass the ship's rail.
What is CIF? Cost, Insurance and Freight, named ocean port of destination.
This term is used for ocean shipments that are not containerized.
What is CFR? Cost and Freight, Named ocean port of destination.
This term is used for ocean shipments that are not containerized.
what is FCA? Free Carrier, unloaded at the seller's dock OR a named place where shipment is available to the international carrier or agent, not loaded.
This term can be used for any mode of transport.
What is FOB? Free On Board vessel, named ocean port of shipment.
This term is used for ocean shipments only where it is important that the goods pass the ship's rail.
What is CIF? Cost, Insurance and Freight, named ocean port of destination.
This term is used for ocean shipments that are not containerized.
What is CFR? Cost and Freight, Named ocean port of destination.
This term is used for ocean shipments that are not containerized.
what is FCA? Free Carrier, unloaded at the seller's dock OR a named place where shipment is available to the international carrier or agent, not loaded.
This term can be used for any mode of transport.
19 Dec 2007 15:17
Post 5 of 10
Replying to [darkfox133]:
FOB: Free on board. the seller completes his responsibility as the goods have been passed over the ship's rail. From then on the buyer bears all risks of loss and damage to the goods.
FCA: free carrier. the seller completes his responsibility as the goods have been delivered to the carriers, although the goods (packed in container) have not been shipped, still stay at the CY at POL.
and the another difference between FOB and FCA is that FOB is only used in sea transport but FCA is used for all the types of transport
CIF: Cost, insurance, and Freight. The seller must charter the vessel and pay freight, buy and pay for insurance. The seller's responsibilty is ended as the goods have been passed over the ship's rail.
CFR: Cost and Freight. The CFR is the same as the CIF but the difference is that the seller doesnt have to buy and pay for the insurance.
And i want to tell one thing that the seller takes responsibility for buying and paying for the insurance only under the CIF and CIP.
FOB: Free on board. the seller completes his responsibility as the goods have been passed over the ship's rail. From then on the buyer bears all risks of loss and damage to the goods.
FCA: free carrier. the seller completes his responsibility as the goods have been delivered to the carriers, although the goods (packed in container) have not been shipped, still stay at the CY at POL.
and the another difference between FOB and FCA is that FOB is only used in sea transport but FCA is used for all the types of transport
CIF: Cost, insurance, and Freight. The seller must charter the vessel and pay freight, buy and pay for insurance. The seller's responsibilty is ended as the goods have been passed over the ship's rail.
CFR: Cost and Freight. The CFR is the same as the CIF but the difference is that the seller doesnt have to buy and pay for the insurance.
And i want to tell one thing that the seller takes responsibility for buying and paying for the insurance only under the CIF and CIP.
20 Dec 2007 04:00
Post 6 of 10
Replying to [darkfox133]:
FOB ( FREE ON BOARD... named port of shipment )
FOB means that the seller has fulfilled his obligation to deliver when the goods have physically passed over the ships rail at the named port of shipment. This means that the buyer has to bear all costs and risk of loss of or damage to the goods from that point. The FOB term requires the seller to clear the goods for export. This term can only be used for sea freight or inland waterway transport. When the ships rail serves no practical purpose, such as in the case of roll-on roll-off or any LCL or FCL container traffic, the FCA term is more appropriate to use.
CIF (COST INSURANCE and FREIGHT ... named port of destination )
CIF means that the seller has the same obligations as under the CFR term but with the additional responsibility that he must procure marine insurance against the buyers risk of loss of or damage the goods during the period of carriage. The seller contracts for the insurance and also pays the premium. The buyer should note that under the CIF term the seller is only required to obtain insurance on minimum coverage. The CIF term requires the seller to clear the goods for export. This term can only be used for sea freight or inland waterway transport. When the ships rail serves no practical purpose, such as in the case of roll-on roll-off or any LCL or FCL container traffic, the CIP term is more appropriate to use.
CFR ( COST AND FREIGHT ... named port of destination )
CFR means that the seller has fulfilled his obligation to deliver when the goods have physically passed over the ships rail at the named port of shipment. The seller must pay the costs and freight necessary to transport the goods to the named destination port. The risk of loss of, or damage to, the goods, as well as any additional costs due to events occurring after the time that the goods have been delivered on board the vessel, is transferred from the seller to the buyer when the goods pass over the ships rail in the port of shipment. The CFR term requires the seller to clear the goods for export. This term can only be used for sea freight or inland waterway transport. When the ships rail serves no practical purpose, such as in the case of roll-on roll-off or any LCL or FCL container traffic, the CPT term is more appropriate to use.
FCA ( FREE CARRIER... named place. )
FCA means that the seller fulfills his obligation to deliver the goods when he has cleared the goods for export and handed them into the charge of the carrier named by the buyer at the designated delivery point. If no precise "acceptance" point is indicated by the buyer, then the seller may choose, within the place or range stipulated, where the carrier shall take the goods into his charge. When, according to commercial practice, the sellers assistance is required in making the contract with the carrier ( such as in rail or air transport ) the seller may act at the buyers risk and expense, which includes any costs for arranging the transport. This term may be used for any mode of transport, paid by the buyer, including multimodal transport.
Reference: http://www.kiwiinnovations.com/Incoterms.htm
Welcome corrected the wrong place.![[em1]](http://img.alibaba.com/images/eng/style/icon/emoticons_smile.gif)
![[em15]](http://img.alibaba.com/images/eng/style/icon/emoticons_wish_you_wealth.gif)
FOB ( FREE ON BOARD... named port of shipment )
FOB means that the seller has fulfilled his obligation to deliver when the goods have physically passed over the ships rail at the named port of shipment. This means that the buyer has to bear all costs and risk of loss of or damage to the goods from that point. The FOB term requires the seller to clear the goods for export. This term can only be used for sea freight or inland waterway transport. When the ships rail serves no practical purpose, such as in the case of roll-on roll-off or any LCL or FCL container traffic, the FCA term is more appropriate to use.
CIF (COST INSURANCE and FREIGHT ... named port of destination )
CIF means that the seller has the same obligations as under the CFR term but with the additional responsibility that he must procure marine insurance against the buyers risk of loss of or damage the goods during the period of carriage. The seller contracts for the insurance and also pays the premium. The buyer should note that under the CIF term the seller is only required to obtain insurance on minimum coverage. The CIF term requires the seller to clear the goods for export. This term can only be used for sea freight or inland waterway transport. When the ships rail serves no practical purpose, such as in the case of roll-on roll-off or any LCL or FCL container traffic, the CIP term is more appropriate to use.
CFR ( COST AND FREIGHT ... named port of destination )
CFR means that the seller has fulfilled his obligation to deliver when the goods have physically passed over the ships rail at the named port of shipment. The seller must pay the costs and freight necessary to transport the goods to the named destination port. The risk of loss of, or damage to, the goods, as well as any additional costs due to events occurring after the time that the goods have been delivered on board the vessel, is transferred from the seller to the buyer when the goods pass over the ships rail in the port of shipment. The CFR term requires the seller to clear the goods for export. This term can only be used for sea freight or inland waterway transport. When the ships rail serves no practical purpose, such as in the case of roll-on roll-off or any LCL or FCL container traffic, the CPT term is more appropriate to use.
FCA ( FREE CARRIER... named place. )
FCA means that the seller fulfills his obligation to deliver the goods when he has cleared the goods for export and handed them into the charge of the carrier named by the buyer at the designated delivery point. If no precise "acceptance" point is indicated by the buyer, then the seller may choose, within the place or range stipulated, where the carrier shall take the goods into his charge. When, according to commercial practice, the sellers assistance is required in making the contract with the carrier ( such as in rail or air transport ) the seller may act at the buyers risk and expense, which includes any costs for arranging the transport. This term may be used for any mode of transport, paid by the buyer, including multimodal transport.
Reference: http://www.kiwiinnovations.com/Incoterms.htm
Welcome corrected the wrong place.
22 Dec 2007 05:12
Post 7 of 10
Added:
"Carrier" means any person who, in a contract of carriage, undertakes to perform or to procure the performance of carriage by rail, road, air, sea, inland waterway or by a combination of such modes. If the buyer instructs the seller to deliver the goods to a person, eg a freight forwarder, who is not a carrier, the seller is deemed to have fulfilled the obligation to deliver the goods when they arrive into the custody of that nominated person.
"Transport Terminal" means a railway terminal, a freight station,a container terminal or yard, a multipurpose cargo terminal or any similar receiving point.
"Container" includes any equipment used to unitize cargo, eg. all types of containers and/or flats, ISO accepted or not, trailers, swap bodies, roll-on roll-off equipment, igloos etc. and it applies to all modes of transport.
"Carrier" means any person who, in a contract of carriage, undertakes to perform or to procure the performance of carriage by rail, road, air, sea, inland waterway or by a combination of such modes. If the buyer instructs the seller to deliver the goods to a person, eg a freight forwarder, who is not a carrier, the seller is deemed to have fulfilled the obligation to deliver the goods when they arrive into the custody of that nominated person.
"Transport Terminal" means a railway terminal, a freight station,a container terminal or yard, a multipurpose cargo terminal or any similar receiving point.
"Container" includes any equipment used to unitize cargo, eg. all types of containers and/or flats, ISO accepted or not, trailers, swap bodies, roll-on roll-off equipment, igloos etc. and it applies to all modes of transport.
22 Dec 2007 05:13
Post 8 of 10
Quoting from [darkfox133]:What is FOB?
What is CIF?
What is CFR?
what is FCA?
There are millions of professional people here.that is good
22 Dec 2007 07:35
Post 9 of 10
Replying to [darkfox133]:
What is FOB? Forget Our Buyers
What is CIF? Cash isn't furnished
What is CFR? Constance Fraud Request
What is FCA? Fraudulent Crappy Agents
Ok. Give me my 50 points![[em2]](http://img.alibaba.com/images/eng/style/icon/emoticons_laugh.gif)
What is FOB? Forget Our Buyers
What is CIF? Cash isn't furnished
What is CFR? Constance Fraud Request
What is FCA? Fraudulent Crappy Agents
Ok. Give me my 50 points
22 Dec 2007 23:15
Post 10 of 10
Quoting from [darkfox133]:What is FOB? Free on Board
A trade term requiring the seller to deliver goods on board a vessel designated by the buyer. The seller fulfills its obligations to deliver when the goods have passed over the ship's rail. means the seller responsibility and risk ends once the goods have reached the Ships Rails at port of loading
What is CIF? Cost Insurance and freight
requiring the seller to arrange for the carriage of goods by sea to a port of destination, and provide the buyer with the documents necessary to obtain the goods from the carrier. Here the Buyers responsibility rest tills the goods leave the Ships rails at destination port
What is CFR? Cost and Freight
A trade term requiring the seller to arrange for the carriage of goods by sea to a port of destination, and provide the buyer with the documents necessary to obtain the goods from the carrier. Under CFR, the seller does not have to procure marine insurance against the risk of loss or damage to the goods during transit.
what is FCA?
Free Carrier A trade term requiring the seller to deliver goods to a named airport, terminal, or other place where the carrier operates. Costs for transportation and risk of loss transfer to the buyer after delivery to the carrier.
When used in trade terms, the word "free" means the seller has an obligation to deliver goods to a named place for transfer to a carrier.
12 Feb 2009 23:54
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