Articles under Inco Terms

Why should think about FOB Terms of delivery?

Features of FOB   FOB means Freight On Board or Free On Board. If terms of delivery of a transaction is on FOB means, the cost of movement of goods on board of ship is borne by the seller. Rest of all expenses to arrive the goods at buyer's premise has to be met by the buyer.    *In FOB, the importer has more control over their shipment. The importer has to look after the transportation. So importer has the benefit of hiring their own forwarder at an agreed freight

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What is Duty Free Import Authorisation (DFIA) Scheme.

Duty Free Import Authorisation (DFIA) Scheme means   This post explains about Duty Free Import Authorisation Scheme   DFIA is issued to allow duty free import of inputs, fuel, oil, energy sources, catalyst which are required for production of export product. DGFT, by means of Public Notice, may exclude any product(s) from purview of DFIA. DFIA Scheme Duty Free Import Authorisation is issued to allow duty free import of inputs. In addition, import of oil and

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FOB shipments Responsibility of buyer and seller

The information provided here is part of Import Export Training course online Responsibility of buyer and seller under FOB terms of shipping I have written detailed articles about Inco Terms of deliveries under Exports and Imports in this web blog. I hope you are enjoying reading all.   In this article, let me add the responsibilities of exporter and importer if terms of delivery of shipment is on FOB basis.   Free on Board (FOB): The Seller f

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Difference between DAF/DES/DEQ/DDU

The information provided here is part of Export import business Course online   How to Differentiate DAF/DES/DEQ/DDU?   What is DAF in shipping terms?     Can I use DAF delivery terms now? Is DAF terms valid in international trade?  When does DAF term of shipping apply? When does risk pass from seller to buyer in DAF terms? Has DAF terms of delivery validity after Inco terms 2010? How does DAF term of shipping work? DAF means Delive

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Difference between Ex works and CIP in shipping terms

  The information provided here is part of Guide on howtoexport and import    After reading this article, you can also read  12 tips to Seller on CIP terms of Delivery     How to get export order from foreign buyers? How to differentiate CIP and Ex works?    What is the difference between CIP and Ex works?   As per Inco terms, CIP  means, Carriage and Insurance Paid (up to the named destination mentioned).

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