Incoterms® are a set of three-letter trade terms developed by the International Chamber of Commerce for shipping freight and determining the point of risk of loss from the seller to the buyer.

Trading in commodities has various terms, particularly if a produce has to be exported or imported. Transportation is part and parcel of any trade. Therefore, let us look at various freight terms in ...

J.B. Maverick is an active trader, commodity futures broker, and stock market analyst 17+ years of experience, in addition to 10+ years of experience as a finance writer and book editor. Suzanne is a ...

Delivery terms aren’t just legal fine print—they are strategic terms that can drastically shift the costs and obligations between the parties to a contract, especially when tariffs are involved. This ...

With fuel costs rising, recovering your freight costs before you ship your merchandise reduces your cash outlay. Sending an order via freight on board, also known as free on board, with prepaid ...

The term CIF stands for cost, insurance and freight. It is a common term for international shipments, and many nations use the CIF total as the basis for the duty charge or other taxes on the ...