FAS incoterm 2020 can be used for ocean or inland waterways shipping and is mainly used to bulk cargo. FAS term is rarely used and it isn’t used often.  FAS incoterm sellers hand over goods along with the vessel (vessel), at the nominated port. The seller delivers goods (custom cleared), to […]

What is a FOB?  means Free on Board where the seller pays for transportation to a named port of exit (named by the buyer) from his factory or other places of business which will be selected by the buyer. Cost & Freight – CIF: The seller pays for transportation to a […]

DPU Incoterm 2020, or Delivered at Place Unloaded, is a new term that was adopted by the International Chamber of Commerce (ICC). Delivered at the terminal (DAT) was eliminated by ICC and was substituted by the DPU within Incoterm 2020. Under DPU Incoterm 2020 costs, the risk and obligation remain with […]