Posts tagged shipping terms
Incoterms Defined: What does EXW, FCA, FOB, DAP, DAT, DDP, CPT, CIP, CIF, CFR, or FAS Mean?

Are you unsure about the trade terms of Alibaba or Chinese suppliers? Don't know what the 3 letters that came with your quote mean? Cosmo has defined the 2010 Incoterms abbreviations, such as FOB, CFR, and DAP for international trade.  Incoterms, often called trade terms or shipping terms, are an international contract of sale. Incoterms is short for International Commercial Terms. EXW and FOB are far and away the two most common incoterms. Incoterms are published by the International Chamber of Commerce (ICC) who hold the copyright.

Read More
Incoterms, Shipping, and Trade Terms Defined - FOB, EXW, FCA, CPT, CIP, DDP etc.

ARE YOU UNSURE ABOUT THE TRADE TERMS OF ALIBABA OR CHINESE SUPPLIERS? DON'T KNOW WHAT THE 3 LETTERS THAT CAME WITH YOUR QUOTE MEAN? COSMO HAS DEFINED THE 2010 INTERCOMS ABBREVIATIONS, SUCH AS FOB, CFR, AND DAP FOR INTERNATIONAL TRADE.  


Read More