Tera Logistics

April 9, 2018 - General Information

Incoterms: Free on Board

Free on board is one of the trade terms that start with the word ‘free.' It indicates whether there is a liability that either a seller or a buyer has for damaged or destroyed goods during the... continue reading

March 5, 2018 - General Information

Incoterms: Free Alongside Ship

Although the name is free alongside ship or FAS, it is not as free as it sounds. In fact, using FAS means that it is restricted to goods which are transported by sea or river or inland waterway.... continue reading

February 5, 2018 - General Information

Incoterms: Free Carrier

The word ‘free’ is often referred to ‘something with no rules’. Surely, this has nothing to do with the free carrier, especially when it comes to International Chamber of Commerce or ICC. The... continue reading

January 8, 2018 - General Information

Incoterms: Ex Works

The word ‘ex' is often referred to ‘something that one used to be' or ‘former.' However, Ex Works has a different meaning when it comes to International Chamber of Commerce or ICC. It means the... continue reading

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