Getting Your Goods Shipped

You will become more familiar with the terms of shipping used in quoting prices and delivering goods as you gain experience. Your responsibilities vary with the terms of the agreements and orders. Check with your freight forwarder to be clear about your responsibilities.

A bill of lading is a receipt for goods shipped. It is signed by the agent of a ship or common carrier and assures the buyer that the goods were unloaded in the same condition as they were accepted. These are the documents you’ll need to produce for your banker to release the letter of credit.

Chinese Cargo Ship

Cargo Ship at Port

FOB means free on board. The seller delivers the goods to a certain destination with no additional charges. The seller insures and takes the responsibility until that point. The buyer takes the responsibility and pays the charges after that. For example, FOB New York means the seller’s price quotation includes full responsibility and shipping to New York.

FAS means free alongside. The seller delivers the goods to the ship that will carry the merchandise. The buyer pays to load onto the ship and takes responsibility from there. FAS New York, for example, means that the seller will deliver and store the goods until they are ready for loading onto the ship.

C & F means cost and freight. The seller pays the freight charges. The buyer insures the merchandise and takes full responsibility after the destination.

CIF means cost, insurance and freight. The seller is responsible for the value and condition of the goods, and pays both insurance and freight charges to a certain point. The buyer is responsible from there.

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27 Comments

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  6. koom tuman says:

    Non Vesser Operating Common Carrier Abbreviation (NVOCC) : A party who undertakes to carry goods and issues ………..

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  11. ken says:

    They were signing your name for you.

    Why in the world would consider charges? (They would laugh at you)

    What harm has been done, what damages

    happens 1,000000000000000 times a day on shipping docs around the world.

    geeeeezzzzzzzzzz

  12. scherzina says:

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  14. noord says:

    http://www.hyperscale.com/2007/features/bf109t248fw_1.htm

    since the aircraft was initially designed as a carrier born plane, after cancelling the carrier building the aircraft were probably used by units close to the sea, to convoy patrolling, convoy protection etc. because of that i would expect themn to use the grey on grey colour scheme.

    Since the design derived from Emil model, they were produced in the times Germany still had a high rate of standardisaion, so the planes would have been painted similary /unlike the late models that were actually all originals/

  15. fozies packels says:

    ¿Alguien sabe donde puedo conseguir el formato de un bill of lading? RT porfa :)

  16. quer bednarrah says:

    on my computer, just a real simple bill of lading and invoice. Maybe a fax cover. Just so I don't (cont)

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