Buy & Sell Freight Online | Tronslog






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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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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 CIF

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                                                    WHAT IS CIF CIF is short form of "Cost, Insurance and Freight". Like the CFR this incoterm is also exclusively used for shipping. Also like the CFR CIF is used for bulk goods and non containerised shipments. This indicates that the seller is responsible for the cost as well as the freight of the goods to the destination port which is decided by the buyer. In addition to all of this the seller must also provide insurance for the goods being transported. In CIF the risk transfer point is also different from other incoterms. The risk transfer point is not the same cost transfer point as is the case with other incoterms. Under CIF the risk is transferred when the goods get loaded on the ship at the origin of the shipment. The seller is obliged to give insurance to the goods and deliver the shipment ...
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