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                                      Container Freight Station Container freight stations are the facility usually in the proximity of ocean , air or dry ports where the export cargo is consolidated before being shipped out. This is a place where container stuffing , customs inspection , temporary storage etc takes place. If near seaports and Airports they seems very useful in reducing the congestion at the seaports terminal. Origin CFS - An operations facility in the origin country where freight shipments are received , consolidated before being shipped out after stuffing into containers. Destination CFS - An operations facility in the destination country where freight shipments are de-consolidated , custom cleared and cleared for domestic consumption.. READ MORE- Freight Forwarding Online, Buy & Sell Ocean Freight,Tronslog

                                         Air Freight Charges  As most of the world trade moves via sea mode there is still a considerable volume which gets shipped via Air. Perishable cargo , pharma , valuables, chemicals are some of the cargo types which get shipped by air.In terms of Freight ton kilometer ( FTK) air freight transport have shown phenomenal growth. Although Air freight rates are much more compared to sea freight charges there is still good demand for the Air freight. This is primarily driven by the lean supply chains , just in time approach to supplies.E commerce is another major growth driver for International air freight. Air shipments are shipped via two modes i.e. International air freight and Express air freight. Both are different. International air freight are shipments which uses more than one connections till final delivery airport. Expr...

                                                                                                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...

                                             What Is Fas FAS is the acronym of Free Alongside Ship. Like FOB, FAS is an incoterm that is applied only to the mode of transportation where water bodies are involved. In simple words, FOB exclusively applies to the shipping mode of transport. Under this incoterm the seller must deliver the goods along with the ship at the port. In this incoterm the seller is responsible for the goods until it has placed on the dock and cleared for export. From that point on the buyer comes under the obligation to manage the risks and to be responsible for the costs and risks of shipping the document to its destination. Unlike FOB the FAS has simpler obligations for the seller. Some of them are to look for the delivery of the goods and the necessary documents, packaging and wrapping of the goods same as in FOB and to get the customs ...

                                                What Is CIP CIP is acronym for "Carriage and Insurance Paid to". It is not an exclusive incoterm and can be used where more than one mode of transport is involved for transportation of goods. It can be used for any transport mode. The seller under CIP have to arrange for the transportation to the place mentioned in the contract and also pay for the freight cost and insurance cost. Hence the name carriage and insurance paid to. Like CIF, the point of transfer of risk is when the goods have been loaded on the board of the means of transport. As the seller is under obligation to arrange for the insurance of the goods the level of the cover might be commercially unrealistic. So the level of the insurance must be mentioned somewhere in the contract. The seller is under obligations to deliver the goods, its packag...

                                      WHAT INCOTERMS DO NOT INSURE An important aspect while negotiating incoterms traders should keep in mind is that incoterms do not cover for the insurance of the goods being transported. Incoterms also does not guarantee property rights or breach of contract. So these terms must be included within the contract of sale. Also as incoterms do not cover insurance so the seller or the buyer has to bear the cost of it. This has to be done according to the incoterms. So these are brief terms that incoterms do not cover and must be kept in mind. KNOW MORE ABOUT- What Incoterms Do Not Insure READ MORE- Freight Forwarding Online, Buy & Sell Ocean Freight | Tronslog.com

                          WHEN SHOULD INCOTERMS COME IN PLAY Now as we have discussed and learnt about the incoterms we should now try to learn their usage, so that we can use them at the right time. Buyers and sellers must negotiate the incoterms before the contract is being made. Also the parties involved in international trade must understand that incoterms vary in different countries. They must look specifically for any such changes that might disrupt the flow of goods and cause loss to their deal. However incoterms do not guarantee the ownership of the goods it merely tends to cater to the shipping practices followed in different countries. Buyers and traders must be aware of any such foul play who use incoterms to claim illegitimate ownership of goods. KNOW MORE ABOUT- When Should Incoterms Come In Play READ MORE- Freight Forwarding Online, Buy & Sell Ocean Freight | Tronslog.com