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FOB, CFR ...
Shipping - Cost, Payment Terms and Conditions (TERMS)
Abbr Method Comment
Cost and Freight
seller pays the costs necessary to bring the goods to named port of destination
Cost, Insurance and Freight
same as CFR but in addition the seller includes marine insurance loss or damage to goods during shipment
Carriage and Insurance Paid To
same as CPT, but in addition the seller includes insurance loss of or damage to the goods during carriage
Carriage Paid To
seller pays freight to named destination
Delivered At Frontier
seller clears the goods for export at named destination - but before the customs
Delivered Duty paid
seller deliver the goods at named destination - pays charges of delivering the goods to be cleared at custom
Delivered Duty Unpaid
seller deliver the goods at named destination
Delivered Ex Ship
seller deliver the goods on board the ship, uncleared for import at named destination - seller pays to bring the goods to named destination
Delivered Ex Quay, [Duty Paid]
seller deliver the goods at named destination - cleared for importation
seller makes the goods available at his premises
Free Alongside Ship
seller sends the goods to alongside the vessel - or in the named port of shipment
seller hands over the goods cleared for export to the charge of the carrier named by the buyer at named place
Free On Board
seller clears the goods for export at named port of shipment
Engineering economics - cash flow diagrams, present value, discount rates, internal rates of return - IRR, income taxes, inflation.
The effect of single vs. multiple discounts.
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