Printable Version Freight on Value (FOV) Own Risk: Transit insurance is taken by the Shipper to protect against any loss, damage or pilferage during transit of the shipment. Our responsibility is limited to issuing a Certificate of Facts in the event of loss.
Keeping this in consideration, what is a human's field of view?
For example, binocular vision, which is the basis for stereopsis and is important for depth perception, covers 114 degrees (horizontally) of the visual field in humans; the remaining peripheral 40 degrees on each side have no binocular vision (because only one eye can see those parts of the visual field).
Out of Delivery (ODA) is some location where Logistic companies do not serve directly and arrange the delivery using some third party company. It adds some extra amount in the shipping cost which is Rs. 1500 + Service tax.
A freight rate(historically and in ship chartering simply freight) is a price at which a certain cargo is delivered from one point to another. The price depends on the form of the cargo, the mode of transport (truck, ship, train, aircraft), the weight of the cargo, and the distance to the delivery destination.
Follow these steps to calculate the density
- First measure the height, width, and depth of the shipment.
- Multiply the three measurements (height x width x depth).
- Finally, divide the weight (in pounds) of the shipment by the total cubic feet.
The seller pays and bears the freight charges and owns the goods while they are in transit. Title passes at the buyer's location. FOB destination, freight prepaid and added. The seller pays the freight charges but bills them to the customer.
This is a scenario where neither the shipper nor the consignee is responsible for paying the freight charges. Instead there is a third party who is responsible for the charges. Freight Collect is a term that means the freight will be paid by the person receiving the shipment. PPD & Add stands for prepaid and add.
FOB – Free on Board (or Freight on Board). This basically means that the cost of delivering the goods to the nearest port is included but YOU, as the buyer, are responsible for the shipping from there and all other fees associated with getting the goods to your country/address. CIF – Cost, Insurance and Freight.
From Google: Cost, insurance and freight (CIF) is a trade term requiring the seller to arrange for the carriage of goods by sea to a port of destination, and provide the buyer with the documents necessary to obtain the goods from the carrier.
So what does FOB and CIF means ? CIF – COST INSURANCE AND FREIGHT (named port of destination): Seller must pay the costs and freight includes insurance to bring the goods to the port of destination. However, risk is transferred to the buyer once the goods are loaded on the ship.
"Delivered duty paid" means that the seller fulfils his obligation to deliver when the goods have been made available at the named place in the country of importation. The seller has to bear the risks and costs, including duties, taxes and other charges of delivering the goods thereto, cleared for importation.
Do CIF charges affect the customs duties? A: The abbreviation CIF stands for "cost, freight and insurance." It is a term used in international trade in reference to transporting goods from one destination to another through maritime shipping.
Cost and freight is a legal term in international trade. In a contract specifying that a sale is made CFR, the seller is required to arrange for the carriage of goods by sea to a port of destination and provide the buyer with the documents necessary to obtain the goods from the carrier.
It means that the seller must pay the costs and freight necessary to bring the goods to a named port of destination and must also procure marine insurance against the buyer's risk or loss to the goods during the carriage. Description: C&F stands for cost and freight and is always stated as C&F port of importation.
But the main decision requiring active involvement of all parties is shipments. There are two major terms of shipment widely used round the globe. These are freight on board (FOB) and cost net freight (CNF). Other terms such as cost net insured (CIF) and cash against document/delivery (CAD) are also used.
In India C & F Agent means "Clearing and forwarding agent." Definition of Clearing and forwarding agent - Any person who is engaged in providing any service, either directly or indirectly, concerned with the clearing and forwarding operations in any manner to any other person and includes a consignment agent.
CFA - stands for carrying and forwarding agency which are state level warehouses which may or may not be outsourced to external party to carrying and forwarding agents for order processing and last mile deliveries.
areas and they can open offiices in all the places,then company appoints a C&F agent who is responsible for taking care of goods sent by the company and forwarding to the people say,dealers in that area withthe prior intimation of the. buisness.
Words stockist and distributor refer to an entity who buys stocks from company and then sells these stocks to retailer. They are the only node in the chain between company and retailer. A super stockist would have several sub stockists under them.
In this significant area, Clearing and Forwarding Agents are a link between the owners of goods and owners of means of transport. They help cargo owners in efficient movement of goods to the buyers by completing a number of procedural and documentary formalities.
Consignment is the act of consigning, the act of giving over to another person or agent's charge, custody or care any material or goods but retaining legal ownership until the material or goods are sold. The agent sells the goods on behalf of the sender according to instructions.