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What Are Shipping Terms?

What Are Shipping Terms?

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...

What is freight and logistics?

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 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...

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