PART 1 Flashcards
Charges for the transportation cost of
goods by sea via vessel.
OCEAN FREIGHT
Charges for the transportation cost of goods by
air via aircraft.
AIR FREIGHT
Charges for transportation cost either by
sea or air.
MAIN CARRIAGE
Refers to the cost of transport for hauling of
goods from seller’s premises to a designated point at country
of origin. Also known as ‘’Origin Inland Freight’’.
PRE-CARRIAGE
Refers to the cost of transport for hauling of
goods from the port of discharge to buyer’s warehouse or
designated place at destination. Also known as ‘’Destination
Inland Freight’’.
ON-CARRIAGE
charges for protection to cover
the risks in the transportation of goods by sea via
vessel.
MARINE INSURANCE
charges for protection to
cover the risks in the transportation of goods by air/sea
via aircraft/vessel.
PORT-TO-PORT INSURANCE
All charges incurred by the
seller or buyer related to the delivery of goods in the
country of origin.
ORIGIN OTHER CHARGES
All charges incurred by
the seller or buyer related to the delivery of goods in the
country of destination.
DESTINATION OTHER CHARGES
EX-WORKS (EXW)
RESPONSIBILITY:
EXW = SELLER
ORIGIN O/C = BUYER
FREIGHT = BUYER
INSURANCE = BUYER
ORIGIN OTHER CHARGES
Loading to Truck
Origin Inland Freight/Trucking/Haulage Costs (Pre-Carriage)
Origin Internal Insurance Costs
Export Documentation and Clearance
Export Duties and Taxes
FREE CARRIER (FCA)
RESPONSIBILITY:
EXW = SELLER
ORIGIN O/C = SELLER
FREIGHT = BUYER
INSURANCE = BUYER
CARRIAGE PAID TO (CPT)
RESPONSIBILITY:
EXW = SELLER
ORIGIN O/C = SELLER
FREIGHT = SELLER
INSURANCE = BUYER
Placed alongside
the vessel on the quay or in lighters at the
named port of shipment
FREE ALONGSIDE SHIP
(FAS)
FREE ON BOARD (FOB)
ORIGIN OTHER CHARGES:
Loading to Truck
Origin Inland Freight/Trucking/Haulage Costs (Pre-Carriage)
Origin Internal Insurance Costs
Export Documentation and Clearance
Export Duties and Taxes
NA ADD:
Total Handling Charges (THC) / Less Container Load Charges (LCL)
