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Shipping Dictionary

  • Incoterms 2010 Chart of Responsibility

    By admin on November 14, 2012
    This chart illustrates the relationship between the seller and the buyer in international trade, and  provides a useful tool both for day-to-day work and for drawing up contracts of sale. The chart is based on the trade terms contained in Incoterms 2010 approved by the International Chamber of Commerce and dealing with the seller’s and buyer’s obligations to one another.
  • Incoterms 2010-common shipping terms

    By admin on April 20, 2011
    Also reference the Incoterms 2010 Chart of Responsibility EXW (Ex Works) The buyer bears all costs and risks involved in taking the goods from the seller’s premises to the desired destination. The seller’s obligation is to make the goods available at his premises (works, factory, warehouse). This term represents minimum obligation for the seller. This term can be used across all […]
  • Definition of a Freight Forwarder

    By admin on September 18, 2007
    Freight forwarder From Wikipedia, the free encyclopedia • Ten things you didn’t know about Wikipedia • A freight forwarder is an individual or company that dispatches shipments via asset based carriers and books or otherwise arranges space for those shipments. Common carrier types could include waterborne vessels, airplanes, trucks or railroads. Freight forwarders typically arrange cargo movement to an international […]

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