In this article, we’ll look at delivery terms CFR Incoterm 2020 that are frequently used in international commerce: CFR and CIF. CFR: CFR is also known as C& F and CNF. CFR stands for Cost + Freight/strong>. There are three primary elements to the value of an invoice: (FOB value/cost + […]

CIP incoterm 2020 can be described as Carriage & Insurance Paid To. The only difference is that the CIP seller arranges insurance. CPT is covered in a separate article. Click here for more information. As per CIP Incoterm 2020, the seller will deliver the goods to the designated place and insure […]

To understand what is FCA shipping, we have tried our best to explain the term and the process in a simple way by giving an example. In the event of FCA the incoterm buyer hand over the cargo at the location of the seller’s preference where it could be on the […]