Shipping terms are also called INCOTERMS. Incoterm is the elided word that shortens International Commercial Terms. They are 3 letter abbreviations recognized throughout the world. They tell each...
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Category
General
What is freight and logistics?
A charge paid for carriage or transportation of goods by air, land, or sea. 2. A colloquial term for freight charge. (2) If freight is paid by the consignee (as under FOB terms) the goods become the...
Can shipper and consignee be the same?
Can a shipper and consignee be the same party on a bill of lading? The simplest answer to this question is, "yes" and "no". The two parties can be basically the same. This is to say that the proper...