Free on board (FOB)–the exporter delivers the goods at the specified location (and on board the vessel). Costs paid by the exporter include load, lash, secure and stow the cargo, including securing cargo not to move in the ships hold, protecting the cargo from contact with the double bottom to prevent slipping, and protection against damage from condensation. For example, "FOB JNPT" means that the exporter delivers the goods to the Jawahar lal Nehru Port, India, and pays for the cargo to be loaded and secured on the ship. This term also declares that where the responsibility of shipper ends and that of buyer starts. The exporter is bound to deliver the goods at his cost and expense. In this case, the freight and other expenses for outbound traffic are borne by the importer. Carriage and freight (now known in the US as "cost and freight")(C&F, CFR, CNF): Insurance is payable by the importer, and the exporter pays all expenses incurred in transporting the cargo from its place of origin to the port/airport and ocean freight/air freight to the port/airport of destination. For example, C&F Los Angeles (the exporter pays the ocean shipping/air freight costs to Los Angeles). most of the governments ask their exporters to trade on these terms to promote their exports worldwide such as India and China. Many of the shipping carriers (such as UPS, DHL, FedEx) offer guarantees on their delivery times. These are known as GSR guarantees or "guaranteed service refunds"; if the parcels are not delivered on time, the customer is entitled to a refund. Carriage, insurance and freight (now known in the US as "cost, insurance and freight")(CIF): Insurance and freight are all paid by the exporter to the specified location. For example, at CIF Los Angeles, the exporter pays the ocean shipping/air freight costs to Los Angeles including the insurance of cargo. This also states that responsibility of the shipper ends at the Los Angeles port. The term "best way" generally implies that the shipper will choose the carrier who offers the lowest rate (to the shipper) for the shipment. In some cases, however, other factors, such as better insurance or faster transit time will cause the shipper to choose an option other than the lowest bidder.
Our members have been operating in the industry with well-known companies for the past 20 years.
Vast amounts of experience and expertise has been gained, and it is time to share our value with the world.
Don’t you feel in todays’ economic climate it is hard to survive? As an Importer or Exporter there is
always the risk of losing potential business, or loss of income due to unforeseen circumstances and the unwillingness of third parties to assist.
Have you not felt that when you need help, you have been turned away and left alone to deal with
these matters? Spending hours trying to resolve these issues. Not to mention capital that is vital to your company’s needs.
Stop right there. We are a company that is proud and strong. We will take your hand and lead you on this path to
success and prosperous business trading. We will take yourmatters and make it our own, so that you can benefit
from the results. This will give you the time to focus on what you need to do, productivity to your business.
We will take you to the next frontier, to make your business strong and productive. We will bring the world to you!
It is time to stand up and make our business what it should be, regardless of the current economic situation.
I am Wouter Henning, Executive Director of Customs Busters Consultancy and Logistics.
Join us on this epic journey to recovery and make your business go from strength to strength.