Guide to FOB Trade Terms and Risk Mitigation in Ocean Freight

Guide to FOB Trade Terms and Risk Mitigation in Ocean Freight

Under FOB (Free On Board) terms, the seller is responsible for costs up to the port of shipment, while the buyer bears the ocean freight and destination port charges. Pay close attention to the division of insurance responsibilities and the transfer of risk to avoid potential trade risks. Understanding these aspects of FOB is crucial for both parties involved in international transactions to ensure clarity and minimize disputes related to costs and liabilities during the shipping process.

09/26/2025 Logistics Encyclopedia
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Air Freight Pricing And Flight Information From Zhengzhou To Mumbai

Air Freight Pricing And Flight Information From Zhengzhou To Mumbai

This article provides detailed information on air freight rates and related flight details from Zhengzhou Xinzheng International Airport to Mumbai Chhatrapati Shivaji International Airport. Due to market price fluctuations, the air freight costs are for reference only. Flight information includes departure times, arrival times, and flight numbers, applicable for general cargo. The prices include fuel and security fees but do not cover customs clearance and other charges.

07/22/2025 Logistics
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The Money-Saving Secret Unknown to 90% of Shippers

The Money-Saving Secret Unknown to 90% of Shippers

This article examines the "self-haulage, self-declaration, self-delivery to port" model in ocean freight. Shippers delegate these tasks to specialized partners to streamline costs and enhance service. Under FOB terms, they prefer their own forwarders or carriers over consignee-nominated agents, avoiding premium charges and subpar service.

07/14/2025 Logistics Encyclopedia
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Decoding Airport Code YNR: Your Guide to Arnes Airport

Decoding Airport Code YNR: Your Guide to Arnes Airport

Arnes Airport (YNR) is located in the town of Arnes, Manitoba, Canada, and serves as a regional airport providing local flight services. The airport is not under customs regulations and operates in the GMT-06:00 time zone. While a bank is open on Sundays, the facilities are basic, primarily catering to the travel needs of local residents.

07/15/2025 Airport Codes
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Ocean Freight Guide Highlights Hidden Fee Risks

Ocean Freight Guide Highlights Hidden Fee Risks

This analysis breaks down sea freight cost components, including surcharges like ORC, DDC, THC, and Local Charges. It clarifies the cost responsibilities of buyers and sellers under various Incoterms such as EXW, FOB, and CIF. Understanding these elements is crucial for accurate cost calculation and efficient international trade management, helping to avoid unexpected expenses and ensure smooth shipping processes.

08/21/2025 Logistics Encyclopedia
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Air Freight Rates and Trends on Nanjingfrankfurt Route

Air Freight Rates and Trends on Nanjingfrankfurt Route

This article provides a detailed analysis of the air freight route from Nanjing Lukou International Airport (NKG) to Frankfurt Airport (FRA), using Air China (CA) as an example. It delves into the composition of air freight rates, flight information, transshipment details, and key considerations. Furthermore, it offers air freight price references for other routes, aiming to provide professional guidance for international air freight decision-making. This analysis focuses on optimizing logistics and understanding the complexities of air cargo transport between China and Europe.

08/21/2025 Logistics
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Global Airport Codes Overview

Global Airport Codes Overview

This article summarizes the IATA codes of major domestic and international airports, providing readers with a convenient reference. It lists codes for key airports in China while also covering important airports in Asia, Europe, and the United States. This resource is suitable for travelers and logistics professionals, ensuring efficiency and accuracy in transportation arrangements and freight processes.

07/28/2025 Airport Codes
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