Troy Segal is an editor and writer. She has 20+ years of experience covering personal finance, wealth management, and business news. Katie Kerpel / Investopedia Incoterms are rules published by the ...

"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.

For tech hardware importers, air freight and express courier can look similar because both move fast and both use aircraft. The real difference is how the shipment is handled, documented, priced, ...

The term CIF stands for cost, insurance and freight. It is a common term for international shipments, and many nations use the CIF total as the basis for the duty charge or other taxes on the ...

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 ...

Northwestern's standard shipping terms are DDP (Delivered Duty Paid). This provides the most protection to the University as it transfers risk to the University upon delivery. Various shipping terms ...