Articles By Yash Pal Singh

All You Need To Know About FOB

Published: Thursday 12th of September 2019 / Category: International Business

This term determines the responsibility of the party for bearing the charges of freight and also decides the point of time when the shipment is passed over from the sellers to the buyers. FOB destination, on the other hand, indicates that ownership of goods is transferred to the buyer when the original products reach the doorstep of the buyer.

What Is The Need For Incoterms Shipping Rules?

Published: Thursday 12th of September 2019 / Category: International Business

Companies engaged in the shipment of goods or enterprises that receive goods from the international markets via ships must be aware of these terms. Incoterms or the International Commerce Terms are defined as the set of terms which are standardized and used in case of international trade. They help in deciding the terms of delivery between the seller and the buyer.