Shipping terms and updates

What does FOB in shipping mean?

FOB means Free On Board and is when the seller takes care of all shipping documentation and delivers the goods to the ship. Once aboard, the transportation risk passes from the seller to the buyer. You then pay for the freight to get to your destination, but the seller pays for the export customs clearance. FOB is one of the most used Incoterms. Find more information about Incoterms here.

Logistics terms

What is FEU?
FEU is an acronym used in logistics, which means 'Forty Equipment Unit'....
What is container turnaround?
Container turnaround is when a container is returned empty to the specific locat...
What is Telex release?
Using the Telex Release service, you can send a Bill of Lading (BOL) in a digita...
What does EXW in shipping mean?
EWX (Ex Works) means that the seller delivers when it places the goods at the di...
What is COD in shipping?
COD is an acronym used in logistics, which means 'Change of Destination'. With T...
What does DIT in shipping mean?
DIT is an acronym used in logistics, which means 'Delay in Transit'. This indica...
What is CHB (Customs House Brokerage) and Customs Clearance?
CHB is an acronym used in logistics for 'Customs House Brokerage'. All goods tha...
What is duty drawback?
Duty drawback is the refund of customs duties, taxes and fees paid on imported i...
What is a customs broker?
A customs broker is a professional who provides expert services by arranging the...
What is ocean transportation?
Ocean transportation is any movement of goods and/or passengers using seagoing v...
Who pays for FCA in shipping?
Under the Free Carrier, or FCA Incoterm, the buyer is responsible for all freigh...
What does importer of record mean?
The Importer of Record carries the legal responsibility for the initial valuing,...
What is COO in shipping?
COO is an acronym used in logistics, which means 'Change of Origin'. In Twill, o...
What is freight shipping?
Freight shipping is the transportation of large shipments of goods transported d...
What are freight costs?
Freight costs are also known as freight charges or freight rates. It is the amou...
How long does ocean freight take?
Ocean freight will likely take anywhere from 20-60 days, depending on where the ...
What does FOB in shipping mean?
FOB means Free On Board and is one of the most used Incoterms. It is when the se...
What is TEU?
TEU is an acronym used in logistics, which means 'Twenty Equipment Unit' or in o...
What are sweeper vessels?
Sweeper vessels are dedicated vessels sent by international carriers for specifi...
What is shipping?
Shipping is the physical moving of good from one point to another, such as the m...
What is LCL?
LCL is an acronym used in logistics, which means 'Less than Container-Load'. LCL...
What is a port of discharge?
A port of discharge is a place where a vessel discharges or unloads some or all ...
What is meant by freight?
Freight is a term used to mean all the charges payable to the Carrier in accorda...
What are Incoterms in shipping?
Incoterms are rules, that define the terms of trade for the sale of goods all ar...
What does FCA in shipping mean?
Free Carrier (FCA) means that the seller delivers the goods to a carrier or anot...
How to calculate TEU?
A forty foot container is regarded as two twenty foot containers or 2 TEU (somet...
What does ground shipping mean?
Ground shipping means 'shipped by ground'. It refers to cargo that is delivered ...
What is sea freight?
Sea freight is a method of transporting large quantities of products via cargo s...
How long does ground shipping take?
Ground shipping can take from a few to several days depending on the point of or...
What is meant by consignee?
This person or entity is the shipment receiver and generally the owner of the sh...
What is FFE?
FFE is an acronym used in logistics, which means 'Forty Foot Equipment'....
What is FCL?
FCL is an acronym used in logistics, which means 'Full Container-Load'. This mea...
What is Cargo Haulage?
Cargo haulage refers to the whole or part of the ocean transportation of your ca...
What is import duty?
Import duty is a tax collected on imports and some exports by a country's custo...
How to ship freight?
We know that it can be hard to tap into international trade when you are new to ...
What is a Letter of Indemnity (LOI)?
A Letter of Indemnity (LOI) is a document protecting the cargo owner from losses...
What does rolled cargo mean?
Rolled cargo means the cargo is not loaded onto the vessel it is supposed to sai...
What is store door delivery?
Store Door (SD), also known as Carrier Haulage is where the carrier bears the re...
What does DAP in shipping mean?
DAP (Delivered At Place) means that the seller is responsible for arranging carr...
What is vessel dwell time?
The vessel dwell time is the time a ship spends at port securing the vessel, dis...
What is ocean freight?
Ocean freight is the method of transporting containerized cargo loaded onto vess...
© 2022    Turfmarkt 107, 2511 DP Den Haag, The Netherlands