Category: Sourcing

FOB means Free On Board or Freight On Board. FOB specifies which party (buyer or seller) pays for shipment and loading costs, and/or where responsibility for the goods is transferred. Buyer bears risk including payment of all transportation and insurance

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At first, there’re two party we need to notice:1.The collecting bank 2.The importer D/P means document against payment.The collecting bank will pass relevant documents and receipts to the importer until the importer fulfil his/her payment.D/A means docume

Kindly note that Express Account is from some express company, such as DHL, UPS. You are able to have an express account from these express companies as a express company member to get relative cheap fee when you are in need of Express service.For more de

W/M is the abbreviation of Weight and/or Measurement.Method of quoting freight rates.：(1) For sea freight: per metric ton (1,000 kilograms) or per cubic meter (35.3 cubic feet) whichever is greater.(2) For air freight: Per kilogram or per 7,000 cubic cent

DAF means Delivered At Frontier. This term is used in international trade, such as delivered at frontier, outline who bears the risks and expenses of transporting goods under international transactions. A variety of terms exist for various methods of tran

CPT means carriage paid to. The seller delivers the goods to a carrier or to another person nominated by the seller, at a place mutually agreed upon by the buyer and seller, and that the seller pays the freight charges to transport the goods to the specif

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Lo/Lo (Lift-On/Lift-Off) – Denotes the method by which cargo is loaded onto and discharged from an ocean vessel, which in this case is by the use of a crane.