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6.1 FAS – Free Alongside Ship (named port of shipment) 6.2 FOB – Free on Board (named port of shipment) 6.3 CFR – Cost and Freight (named port of destination)
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 ...
Standard trading conditions. Standard Trading Conditions (STC) are standardized terms imposed by some countries for accepting cargo by shipping lines, airlines and logistics services providers like freight forwarders and customs agents. They are usually printed as the fine print behind the shipping documents like bill of lading, air way bill ...
e. A charterparty (sometimes charter-party) is a maritime contract between a shipowner and a "charterer" for the hire of either a ship for the carriage of passengers or cargo, or a yacht for leisure. [1] Charter party is a contract of carriage of cargo in the case of employment of a (charter boat). It means that the charter party will clearly ...
Free (FOB, FAS, FCA); Cost (CPT, CIP, CFR, CIF); Delivery (DAP, DAT, DDP). The 11 terms can also be classified into two different categories depending on its contents: Rules for any modes of transport: ExW, FCA, CPT, CIP, DAT, DAP, DDP; Rules for sea and inland waterway transport: FAS, FOB, CFR, CIF. See also. International law
Free shipping is a marketing tactic used primarily by online vendors and mail-order catalogs as a sales strategy to attract customers.
CMR Convention. The CMR Convention (full title Convention on the Contract for the International Carriage of Goods by Road; in French Convention relative au contrat de transport international de marchandises par route) is a United Nations convention that was signed in Geneva on 19 May 1956. It relates to various legal issues concerning ...
Therefore, a New Jason Clause is often included in shipping contracts when US law may apply to the contract or trade. Such a clause specifies that shipowners will also be included in the General Average even when the loss was caused by negligence of the shipowner or crew.
An end-user license agreement or EULA ( / ˈjuːlə /) is a legal contract between a software supplier and a customer or end-user, generally made available to the customer via a retailer acting as an intermediary. An EULA specifies in detail the rights and restrictions which apply to the use of the software. [1]
Chartering is an activity within the shipping industry whereby a shipowner hires out the use of their vessel to a charterer. The contract between the parties is called a charterparty (from the French "charte partie", or "parted document"). The three main types of charter are: demise charter, voyage charter, and time charter .