Understanding the meaning of the CIP trade term, the difference from the CIF term, and the precautions for using CIP is crucial for ensuring clear contract terms and the smooth progress of transactions in international trade.
Have you ever been confused in international trade and didnt know how to choose the most suitable trade terms? Dont worry, the editor is here to clear the fog for you! Today, we are going to talk about the CPT terms, a rather important but often misunderstood concept in international trade. From cost sharing to transportation responsibilities, from delivery convenience to transportation risks, this article will comprehensively and meticulously analyze the CPT terms, enabling you to be invincible in the trade battlefield!
FAS is a delivery clause in trade terms, which is the abbreviation of Free Alongside Ship. In Chinese, it is generally translated as Free Alongside Ship. FAS stipulates the obligations and responsibilities of the seller, which specifically include the following aspects:
November 6, 2024 13:39
FCA stands for Free Carrier. Translated into Chinese, this term means delivered to carrier. Typically, the exporter delivers the goods to a specified location, where a designated carrier, appointed by the importer, will collect them.
FOB is the abbreviation of Free On Board, also known as free on board and delivery on board. Usually, when the goods cross the ships rail at the designated port of shipment, the exporter has fulfilled its delivery obligation.
EXW, short for EX Works, is called Ex - Works (named place). Usually, the exporter has fulfilled its obligation to deliver the goods when it places the goods at its business premises or other designated places (factory, warehouse) for the importer to take delivery.
Can FOB terms in a foreign trade contract be changed to FIC later? This article provides in-depth interpretation of the flexibility in foreign trade freight settlement, helping you understand why post-contract changes are feasible and how to easily handle various changes and challenges in foreign trade.
Under the EXW (Ex - Works) terms, the seller has the minimum liability, and the buyer bears all transportation risks and costs. So, in actual operation, how to ensure smooth delivery and avoid additional liabilities? Understand the key processes and precautions for EXW shipments.
? 2025. All Rights Reserved. Shanghai ICP No. 2023007705-2 
PSB Record: Shanghai No.31011502009912
