Incoterm
CIF Incoterms: Definition, Difference, and Explanation
Understanding the intricacies of international trade can be challenging, especially regarding shipping terms. One commonly used term is CIF, short for Cost, Insurance,...
Understanding Destination Delivery Charge (DDC) in Shipping
You might encounter various costs when shipping goods, including the Destination Delivery Charge (DDC). Understanding DDC charges in shipping is crucial for managing...
Understanding the Concept of FOC in Shipping
When cruising through the world of freight transportation, the term “FOC” might come up frequently, leaving you wondering about its true meaning. In...
What is EXW (Ex Works) in International Shipping
When you’re dealing with international shipping, understanding key terms is essential. So, what is Ex Works (EXW)? It’s a shipping term that plays...
DAP vs DDP: Incoterms Definitions, Differences, and Considerations
Understanding shipping terms is paramount to ensuring efficient and effective transactions in international trade. The International Chamber of Commerce (ICC) established the abbreviation...