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FOB (free on board) is an international commercial term for delivery of goods by sea or inland waterway, where the seller pays for transportation to the port of shipment and the buyer pays for the rest. FOB also has a different meaning in North America, where it indicates the point of transfer of liability and risk from the seller to the buyer.
Incoterms are pre-defined commercial terms published by the International Chamber of Commerce relating to international commercial law. Incoterms 2020 is the ninth set of rules, with 11 terms subdivided into two categories based on method of delivery.
Free shipping is a marketing tactic used by online vendors to attract customers by lowering up-front prices and adding shipping costs later. Learn how free shipping works, its benefits and drawbacks, and its popularity among online shoppers.
Freight transport is the physical process of transporting commodities and merchandise goods and cargo by various modes, such as sea, land, air, space and multimodal. Learn about the history, terms, conventions and issues of freight transport from this comprehensive article.
AOL Mail offers secure and personalized email with features like AOL Mail, news, and weather for free. You can also access your email on the go with an iOS & Android app and get help from experts.
A freight forwarder is a person or a company who organizes the movement of shipments on behalf of a shipper by liaising with carriers. Learn about the history, functions, and national variations of freight forwarding, as well as the international conventions and organizations involved.
Containerization is a system of intermodal freight transport using standardized containers that can be loaded, unloaded, stacked, and transferred between different modes of transport. Learn about the origins, development, and benefits of containerization, as well as the materials, dimensions, and handling of containers.
Free Shipping Day is an annual online shopping event in mid-December that offers free shipping with guaranteed delivery by Christmas Eve. Learn about its history, statistics, global expansion and media coverage.