CIF, or Cost, Insurance, and Freight, is an international trade term defined in the Incoterms rules published by the International Chamber of Commerce (ICC). CIF is often used in maritime shipping transactions, and it outlines the responsibilities, costs, and risks between the seller and the buyer.
DDP, or Delivered Duty Paid, is an international trade term defined in the Incoterms rules published by the International Chamber of Commerce (ICC). DDP is a comprehensive Incoterm that places maximum responsibility on the seller. It outlines the responsibilities, costs, and risks between the seller and the buyer.
CFR, or Cost and Freight, is an international trade term specified in the Incoterms rules published by the International Chamber of Commerce (ICC). CFR is often used in maritime shipping transactions, and it outlines the responsibilities, costs, and risks between the seller and the buyer.
FOB, or Free On Board, is an international trade term defined by the International Chamber of Commerce (ICC) in the Incoterms rules. FOB is commonly used in international shipping, particularly for maritime transport. It defines the responsibilities, costs, and risks between the seller and the buyer.
DAP, or Delivered at Place, is an international trade term defined in the Incoterms rules published by the International Chamber of Commerce (ICC). DAP is a versatile Incoterm used for various modes of transportation, including road, rail, air, and sea. It outlines the responsibilities, costs, and risks between the seller and the buyer.
DPU, or Delivered at Place Unloaded, is an international trade term defined in the Incoterms rules published by the International Chamber of Commerce (ICC). DPU is a versatile Incoterm used for various modes of transportation, including road, rail, air, and sea. It outlines the responsibilities, costs, and risks between the seller and the buyer.
CIP, or Carriage and Insurance Paid To, is an international trade term defined in the Incoterms rules published by the International Chamber of Commerce (ICC). CIP is a versatile Incoterm that can be used for various modes of transportation, including road, rail, air, and sea. It outlines the responsibilities, costs, and risks between the seller and the buyer.
CPT, or Carriage Paid To, is an international trade term defined in the Incoterms rules published by the International Chamber of Commerce (ICC). CPT is a versatile Incoterm that can be used for various modes of transportation, including road, rail, air, and sea. It outlines the responsibilities, costs, and risks between the seller and the buyer.
FAS, or Free Alongside Ship, is an international trade term specified in the Incoterms rules published by the International Chamber of Commerce (ICC). FAS is typically used in sea freight transactions, and it outlines the responsibilities, costs, and risks between the seller and the buyer.
FCA, or Free Carrier, is an international trade term defined by the International Chamber of Commerce (ICC) in the Incoterms rules. FCA is more flexible than EXW and offers a bit more responsibility and risk to the seller, while still providing some advantages to the buyer.
EXW, or Ex Works, is an international trade term defined by the International Chamber of Commerce (ICC) in the Incoterms rules. It specifies the responsibilities, costs, and risks associated with the delivery of goods from a seller to a buyer in an international transaction. Under EXW terms, the seller has the least amount of responsibility and the buyer has the most.
Compound interest is a powerful financial concept that can help you grow your wealth over time. It refers to the interest earned not only on the principal amount but also on the interest earned from previous periods. In simple terms, compound interest is interest on interest, and it can significantly increase the returns compared to simple interest, which is calculated only on the principal amount.