 |
|
|
Sales Contacts
 Call Now!
|
|
|
|
|
|
|
|
|
5 GOOD reasons to Choose us
|
1) Company is US Owned.
2) English Speaking Staff.
3) Company is in Business for over 8 years.
4)
Reliable staff in China (not agents or freelancers)
5) Best value for your money. Guaranteed!
Call now 1.718.701.5507
|
|
 |
|
|
F.O.B & C.I.F
Free On Board - FOB
A trade term requiring the seller to deliver goods on board a vessel designated by the buyer. The seller fulfills his obligations to deliver when the goods have passed over the ship's rail.
When used in trade terms, the word "free" means the seller has an obligation to deliver goods to a named place for transfer to a carrier.
Investopedia Says : Contracts involving international transportation often contain abbreviated trade terms that describe matters such as the time and place of delivery and payment, when the risk of loss shifts from the seller to the buyer, as well as who pays the costs of freight and insurance.
The most commonly known trade terms are Incoterms, which are published by the International Chamber of Commerce. These are often identical in form to domestic terms, such as the American Uniform Commercial Code, but have different meanings. As a result, parties to a contract must expressly indicate the governing law of their terms.
It's important to realize that because this is a legal term, its exact definition is much more complicated and differs by country. It is suggested that you contact an international trade lawyer before using any trade term.
Cost, Insurance, and Freight - CIF
A trade term requiring the seller to arrange for the carriage of goods by sea to a port of destination, and provide the buyer with the documents necessary to obtain the goods from the carrier.
Investopedia Says : ontracts involving international transportation often contain abbreviated trade terms that describe matters such as the time and place of delivery, payment, when the risk of loss shifts from the seller to the buyer, and who pays the costs of freight and insurance. The most commonly known trade terms are Incoterms, which are published by the International Chamber of Commerce (ICC). These are often identical in form to domestic terms (such as the American Uniform Commercial Code), but have different meanings. As a result, parties to a contract must expressly indicate the governing law of their terms.
It's important to realize that because this is a legal term, its exact definition is much more complicated and differs by country. It is suggested that you contact an international trade lawyer before using any trade term.
|
 |
|
|
New York
office (New Address)
79 Pine Street suite 277
New York, NY, 10038
China Office
1765 Hong Qaio Rd.
Building 54, Suite 402
Shanghai, China 200336 |
|
|
