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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 ...
t. e. 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 ...
Definition and functions. A freight forwarder is an entity who co-ordinates and organizes the movement of shipments on behalf of a shipper (party that arranges an item for shipment) by liaising with carriers. [3] A carrier is an entity that actually transports goods and may use a variety of shipping modes, including ships, airplanes, trucks ...
Shipping (derived from the word relationship) is the desire by followers of a fandom for two or more people, either real-life people or fictional characters (in film, literature, television series, etc.), to be in a romantic or sexual relationship. Shipping often takes the form of unofficial creative works, including fanfiction and fan art .
Freight transport, also referred as freight forwarding, is the physical process of transporting commodities and merchandise goods and cargo. [1] The term shipping originally referred to transport by sea but in American English, it has been extended to refer to transport by land or air (International English: "carriage") as well.
The twenty-foot equivalent unit (abbreviated TEU or teu) is a general unit of cargo capacity, often used for container ships and container ports. [1] It is based on the volume of a 20-foot-long (6.1 m) intermodal container, a standard-sized metal box that can be easily transferred between different modes of transportation, such as ships, trains ...
Freight rate. A freight rate (historically and in ship chartering simply freight [1]) is a price at which a certain cargo is delivered from one point to another. The price depends on the form of the cargo, the mode of transport ( truck, ship, train, aircraft ), the weight of the cargo, and the distance to the delivery destination.
Definition. Deadweight tonnage is a measure of a vessel's weight carrying capacity, not including the empty weight of the ship. It is distinct from the displacement (weight of water displaced), which includes the ship's own weight, or the volumetric measures of gross tonnage or net tonnage (and the legacy measures gross register tonnage and net ...