blogcarlosuribe.wordpress.com

Applicability of INCOTERMS to Maritime and Inland Waterway Transport

3.5.2 Applicable to Maritime and Inland Waterway Transport: FAS: Free Alongside Ship FOB: Free On Board CFR: Cost and Freight CIF: Cost, Insurance, and Freight INCOTERMS specifically designed for Maritime and Inland Waterway Transport cater to the unique characteristics of shipping goods by sea or water. These terms clarify the responsibilities of the seller and …