Incoterms: Delivered Duty Paid
As one of the rule determined by International Chamber of Commerce, DDP stand for Delivered Duty Paid which means seller is responsible for sending the cargo to the placed specified by the buyer and...
November 5, 2018 -
Incoterms
Incoterms: Delivered Duty Paid
As one of the rule determined by International Chamber of Commerce, DDP stand for Delivered Duty Paid which means seller is responsible for sending the cargo to the placed specified by the buyer and... continue reading
October 8, 2018 -
Incoterms
Incoterms: Delivered at Place
What is the similar thing between Delivered at Terminal or DAT with delivered at place or DAP With DAP, the seller still delivers the goods from the first spot to the next or final, specified... continue reading
September 3, 2018 -
Incoterms
Incoterms: Delivered at Terminal
If you have already read about Carriage Paid To or CPT and Carriage and Insurance Paid To or CIP, perhaps you are familiar with Terminal Handling Charges or THC. This is an additional fee when the... continue reading
August 6, 2018 -
Incoterms
Incoterms: Carriage and Insurance Paid To
Starting from its definition, carriage and insurance paid to is another commercial term in trading business. It indicates that the seller is in charge of delivering the goods to the destination that... continue reading
July 9, 2018 -
Incoterms
Incoterms: Carriage Paid To
Although this is also a commercial term like cost insurance and freight or CIF, carriage paid to or CPT has its differences. Starting from the definition, CPT is when the seller does the delivery of... continue reading
June 4, 2018 -
Incoterms
Incoterms: Cost Insurance and Freight
Also known as CIF, it is a term well-known in a trading business. It is when the seller is required to arrange for the goods in carriages by sea to port. The seller also has to provide the buyer the... continue reading
May 7, 2018 -
Incoterms
Incoterms: Cost and Freight
If most of the costs in EX Works are for the buyer, then in cost and freight, it is the complete opposite. This means the seller is considered handing over the goods after the goods have passed the... continue reading
April 9, 2018 -
Incoterms
Incoterms: Free on Board
Free on board is one of the trade terms that start with the word ‘free' but have a different meaning compare to Free Carrier or Free Alongside Ship. It indicates whether there is a liability that... continue reading
March 5, 2018 -
Incoterms
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 -
Incoterms
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