"FOB" was originally an ocean-freight acronym. Once the freight passed beyond this boundary of the ship's rail and moved onto the vessel, the seller had completed all of its delivery obligations to ...

Incoterms® are a set of three-letter trade terms developed by the International Chamber of Commerce for shipping freight and determining the point of risk of loss from the seller to the buyer.

Trading in commodities has various terms, particularly if a produce has to be exported or imported. Transportation is part and parcel of any trade. Therefore, let us look at various freight terms in ...

In previous articles, we discussed risk of loss and transfer of title under Article 2 of the Uniform Commercial Code (the “UCC”). While the UCC contains default contractual terms for sales of goods in ...

The following excerpt is from The Staff of Entrepreneur Media, Inc. & Rich Mintzer’s book Start Your Own Import/Export Business. Buy it now from Amazon | Barnes & Noble | iTunes | IndieBound As an ...