WHY TRONSLOG Buy & Sell Freight Online




                            WHY TRONSLOG  Buy & Sell Freight Online


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What Is DDP

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                                                                                                What Is DDP "Delivered Duty Paid" is abbreviated as DDP. It is generally used for any mode of transport where more than one mode of transport is used. DDP incoterm mentions that the seller is responsible to make the goods available to the buyer at a pre arranged location for instance: buyer's factory or warehouse. The seller must also cover all the expenses that are associated with the goods from carrier such as customs duty, tariffs and taxes that may be imposed on the goods. It is also the responsibility of the seller to take care of all the risks and costs until the goods have been unloaded at the named location. This incoterm is also versati...
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WHAT IS CFR

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                                                    WHAT IS CFR CFR is "Cost and Freight". This incoterm is only for the maritime shipping. In this incoterm the seller does not only delivers the goods to the buyer but he or she is also responsible for goods to be transported to the destination port and their transportation costs. It is commonly used where where the seller has direct access to the vessel for loading. For example bulk cargos and non containerised goods. The seller under CFR undertakes the responsibility of delivering the goods to the port mentioned in the contract, get a customs clearance from the origin and pays for the international freight. All the rules of the previously mentioned incoterms apply to CFR also. The seller however is not responsible for the insurance of the goods The insurance of the goods is a responsibility of ...
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