"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 Start Your Own Import/Export, the staff at Entrepreneur Press and writer Krista Turner explain how to start and run a successful import-export business. In this edited excerpt, the authors explain ...

J.B. Maverick is an active trader, commodity futures broker, and stock market analyst 17+ years of experience, in addition to 10+ years of experience as a finance writer and book editor. Suzanne is a ...

With fuel costs rising, recovering your freight costs before you ship your merchandise reduces your cash outlay. Sending an order via freight on board, also known as free on board, with prepaid ...