Image Source: Drip Capital Got a shipment coming from offshore? Do you want to ensure it arrives at its destination on time and in excellent condition? Whether you’re shipping by sea or air, you want to make sure your carrier’s terms are most beneficial for your company. In this blog, you will learn more about

What are DDP shipping terms? Quite intuitively, it’s easy to notice that the Incoterm DDP (Delivered Duty Paid) is highly similar to DDU—they only differ in terms of the import process and payments of taxes and duties. Under this Incoterm, the only responsibility of the buyer is the unloading of the cargo and its charges.

What are DDU shipping terms? You might be surprised to learn that the Incoterm DDU (Delivered Duty Unpaid) is not part of the Incoterms® 2010 and 2020. However, it remains one of the commonly used agreements in international shipments. DDU is replaced by DAP and DAT, which cover most of the functions of the said

What are DAT shipping terms? The Incoterm DAT (Delivered At Terminal), updated in the Incoterms® 2020 as DPU (Delivered At Place Unloaded), is highly similar to the Incoterm DAP. Under this agreement, the seller is responsible for all the costs and obligations present in bringing the cargo to the named destination, as well as the

What are DAP shipping terms(Meaning, ICC Definiiton, Terms of Scale)? The Incoterm DAP (Delivered At Place) stipulates that the seller is tasked with delivering the goods to the buyer’s location at their expense. This means that after packaging the products for shipment, they will pay for the costs of transferring the freight from their warehouse

DDP VS DAP VS DAT VS DDU Shipping Terms (Meaning, Comparison, and Uses) Your responsibilities and risks in every shipment transaction vary depending on the terms that you use. Find out about the subtleties of the “D” Incoterms® in this article. Image Source: Pexels The International Commerce Terms, more popularly known as Incoterms®, is a

Image Source: Pexels CIF Incoterms Image Source: Incotermsexplained CIF is an incoterm of an international commerce term which means Cost, Insurance, and Freight. Incoterms are international trade rules that govern and define the responsibilities of sellers and buyers alike. What does ICC say on CIF(Cost, Insurance, and Freight )? In 2022, the latest Incoterms in

The aim of this guide is to provide insight for any individual or business who wants to arrange a shipping method through the Ex Works Incoterm. Read on and learn more about this international trade mechanism. Image Source: iStockPhoto Ex Works Meaning Ex Works, commonly abbreviated as EXW, is a term used in international trade.

Learning FCA Incoterms would help you determine your role in the shipping process, the steps to take, and the costs that you need to pay.   FCA Shipping Terms Meaning: Free Carrier   Image Source: Marine Insight The Incoterm FCA, more formally known as Free Carrier, refers to the agreement where the seller delivers the