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Posted on May 15, 2006 at 02:11
CIF, ASWP, SBLC, BG?
I requested a qoute from a supplier and in his response he indicate a price together with the letters CIF ASWP-SBLC/BG. What does this mean? Thanks
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Posted on May 15, 2006 at 07:23
Re: Trade terms
Replying to [Buffet]:
CIF = Cost, Insurance, Freight. The Sellers pays all charges until the cargo arrives at your Port.
ASWP = Any Safe World Port.
SBLC = Stand By Letter of Credit (talk to your bank about this)
BG = Bank Guarantee (Talk to your bank about this too)
[em3]

The Impossible we can do today, Miracles may take a little while longer
Posted on Jun 01, 2007 at 21:28
Re: Re: CIF ASWP-SBLC/BG?
Replying to [int786]:What is meant by CIF ASWP? I understand CIF but this ASWP - Any Safe World Port, it this any port name or it means any port in the World? i.e seller will pay the Cost, freight and insurance to any safe port where buyer desire.

Posted on Jul 22, 2007 at 05:38
Re: Re: Re: CIF ASWP-SBLC/BG?

Replying to Anshul:

Yes, However CIF-ASWP is not an Incoterm and it's pretty poor English anyway.

Incidently, I would never buy CIF unless the Insurance policy is transferable to me + covers all risks + is written in $USD. (Remember, buyer can't claim under the policy if buyer is not party to the Insurance contract and seller may not insure for all risks under CIF).



May the Gods of Trade ... Shangdi, un dieu, dio, Gott, Dios, Deus, Allah, alaha ... smile on us
Posted on Sep 17, 2007 at 01:54
Re: Re: Re: Re: CIF ASWP-SBLC/BG?
Replying to [Aussie]:Hi,
I was interested to find out why you would not buy CIF (unless...).

I am new to this industry: I would have through that, as long as it is CIF with an L/C, the L/C would protect the buyer in case of any issues. Is this correct, or not always?
Does a D L/C offer less protection?

thanks for the info.

Posted on Sep 19, 2007 at 11:05
Re: CIF, ASWP, SBLC, BG?
Replying to [Buffet]: CIF: Cost Insurance Freight
AWSP: Any world safe port
SBLC: Standby letter of credit
BG: Bank Gurantee
Here is a link for the abbriviation also if you need any more help look me up www.globalvisiontrdg.com
http://www.marad.dot.gov/publications/glossary/A.html[em1]

Posted on Sep 19, 2007 at 17:07
Re: Re: Trade terms
Replying to [grigo]:perfect answer.

Our company has specialized in paper packaging for many years.
Posted on Dec 19, 2007 at 19:08
Re: CIF, ASWP, SBLC, BG?
CIF is the Seller will pay ALL (Cargo Insurance and Freight)
ASWP = for any Port in the World
Stand By Letters of Credit (SBLC’s)
BG = Bank Garanty
[em19]

Posted on Jan 11, 2008 at 23:08
Re: Re: CIF, ASWP, SBLC, BG?
Replying to [sammidavis]:[em19]

you are ok
Posted on Mar 28, 2008 at 18:20
Re: Re: Re: Trade terms
Replying to [Harry Lee]:
Hi, Harry Lee,
I am a Chinese girl , lucky to recognize you . You look like a foreign trade expert to me, would you like to make friends with me who take interest in foreign trade?
Thanks a lot. Best wishes for you.
Yours Cara

Posted on Apr 24, 2008 at 01:08
Re: Re: Re: Re: Trade terms
Quoting from [Cara]:

Replying to [Harry Lee]:
Hi, Harry Lee,
I am a Chinese girl , lucky to recognize you . You look like a foreign trade expert to me, would you like to make friends with me who take interest in foreign trade?
Thanks a lot. Best wishes for you.
Yours Cara


stay hungry,stay foollish...
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