Shipping
Information
We can assist in supplying information about shipping departures, costs, insurance, customs and overseas compliance. We can book the vehicle onto the boat of your choice. Generally we provide an FOB service however we may also offer CFR or CIF for an extra charge.
Payment must be made for shipping before the vehicle departs from base.
FOB terms and conditions.
(Free On Board) (...Named Port of Shipment), An International Term of Sale that means the seller fulfills his or her obligation to deliver when the goods have passed over the ship's rail at the named port of shipment. This means that the buyer has to bear all costs and risks to loss of or damage to the goods from that point. The FOB term requires the seller to clear the goods for export.
CFR or C&F (Cost and Freight)
(...Named Port of Destination):
A Term of Sale where the seller pays the costs and freight necessary to bring the goods to the named port of destination, Terms of Sale but the risk of loss of or damage to the goods, as (continued) well as any additional costs due to events occurring after the time the goods have been delivered on board the vessel, is transferred from the seller to the buyer when the goods pass the ship's rail in the port of shipment. The CFR term requires the seller to clear the goods for export.
CIF (Cost, Insurance and Freight)
(...Named Place of Destination):
A Term of Sale where the seller has the same obligations as under the CFR but also has to procure marine insurance against the buyer's risk of loss or damage to the goods during the carriage. The seller contracts for insurance and pays the insurance premium. The CIF term requires the seller to clear the goods for export.
Bill of Lading (B/L)
A document that establishes the terms of a contract between a shipper and a transportation company. It serves as a document of title, a contract of carriage and a receipt for goods.
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