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The Incoterms or International Commercial Terms are a series of pre-defined commercial terms published by the International Chamber of Commerce (ICC) relating to international commercial law. [ 1] Incoterms define the responsibilities of exporters and importers in the arrangement of shipments and the transfer of liability involved at various ...
FOB ( free on board) is a term in international commercial law specifying at what point respective obligations, costs, and risk involved in the delivery of goods shift from the seller to the buyer under the Incoterms standard published by the International Chamber of Commerce. FOB is only used in non-containerized sea freight or inland waterway ...
Incoterms inform sales contract by defining respective obligations, costs, and risks involved in the delivery of goods from seller to buyer. Incoterms 2010, the 8th revision, refers to the newest collection of essential international commercial and trade terms with 11 rules. Incoterm 2010 was effective on and from January 1, 2011.
e. In a contract of carriage, the consignee is the entity who is financially responsible (the buyer) for the receipt of a shipment. [1] Generally, but not always, the consignee is the same as the receiver. If a sender dispatches an item to a receiver via a delivery service, the sender is the consignor, the recipient is the consignee, and the ...
Standard Carrier Alpha Code. The Standard Carrier Alpha Code ( SCAC) is a privately controlled US code used to identify vessel operating common carriers (VOCC). It is typically two to four letters long. The National Motor Freight Traffic Association developed the SCAC code in the 1960s to help road transport companies computerize data and records.
Datagram Delivery Protocol ( DDP) is a member of the AppleTalk networking protocol suite. Its main responsibility is for socket-to-socket delivery of datagrams over an AppleTalk network. Note: All application-level protocols, including the infrastructure protocols NBP, RTMP and ZIP were built on top of DDP.
e. A delivery order (abbreviated D/O[ 1]) is a document from a consignee, or an owner or his agent of freight carrier which orders the release of the transportation of cargo to another party. [ 2] Usually the written order permits the direct delivery of goods to a warehouseman, carrier or other person who in the course of their ordinary ...
Less-than-truckload shipping or less than load ( LTL) is the transportation of an amount of freight sized between individual parcels and full truckloads. Parcel carriers handle small packages and freight that can be broken down into units less than approximately 150 pounds (68 kg). Full truckload carriers move entire semi-trailers.