Story of a CIF contract and a Letter of Indemnity

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This is the Story of a CIF contract and a Letter of Indemnity.. Seller is delivering CIF to Chinese port. The contract has an LOI provision if the original bill … Read more..

Understanding the difference between Intermodal and Multimodal transport

difference between intermodal and multimodal

Intermodal vs Multimodal – These two terms are often used loosely and interchangeably, but the question is what is the difference.. Here, we will discuss what they mean and what … Read more..

Under CIF terms – who is responsible to off-load cargo from the ship – seller or buyer..??

Trudi asked below question about CIF Terms and who is responsible to off-load cargo from the ship – seller or buyer..?? I have a CIF shipment to Dar es Salaam. The … Read more..

Who should pay for securing the cargo in the container in an EXW deal..??

In a shipment on EXW terms – Who should pay for securing the cargo in the container..?? This is a question posed by a reader as below.. Here is my … Read more..

Meet the Incoterms® 2010 rules experts

Everyone in the industry knows or have heard about or should know about Incoterms® which since being published first in 1936, has become the accepted and commonly used terms of trade in … Read more..

Who pays freight charges for a shipment..??

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Charges that are applicable for a shipment can be classified as Ocean related charges and Landside charges.. This article discussed who pays for freight charges between the buyer and seller..

All about Incoterms

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Incoterms® 2000 have been updated by Incoterms® 2010 and therefore the old post below is now redundant.. Please read the analysis about Incoterms® 2010 here..