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What are the shipping terms you can provide?
What are the shipping terms you can provide?
HongEr Machine can provide CIF, FOB and EXW shipping terms.
Explanations of these terms:
CIF - Cost, Insurance, Freight (2000 and 2010)
The seller delivers when the goods pass the ship's rail in the port of shipment. Seller must pay the cost & freight necessary to bring goods to named port of destination.
FOB - Free On Board (2000 and 2010)
This term means that the seller delivers when the goods pass the ship's rail at the named port of shipment. This means the buyer has to bear all costs & risks to the goods from that point. The seller must clear the goods for export. This term can only be used for sea transport. If the parties do not intend to deliver the goods across the ship's rail, the FCA term should be used.
EXW - ExWorks (2000 and 2010)
This term represents the seller's minimum obligation, since he only has to place the goods at the disposal of the buyer. The buyer must carry out all tasks of export & import clearance. Carriage & insurance is to be arranged by the buyer.