Common transaction methods of international freight
- Author:Kyrie
- Source:Sunny Worldwide Logistics
- Release Date:2020-05-29
Freight transaction method
If it is determined that the goods are to be exported in international trade, you can give the freight forwarding related matters to the freight forwarder. First of all, you need to understand several common methods of international freight.
1. Delivery price on board FOB
Popularly speaking, foreign customers have appointed a freight forwarder, and only need the consignor to arrange the trailer and customs declaration at the port of shipment. There are also EXW ex-factory prices that are delivered directly at the factory or the trailer declaration at the customer's designated place is arranged by the customer. The customer picks up the goods and the factory delivery is sufficient.
2. CIF cost plus insurance and freight
The popular point of understanding is that door-to-port (including the trailer at the port of departure + customs declaration + sea freight) is generally said to not include insurance. The customer requires insurance to be calculated based on the value of the goods. The term CIP can also be used. CIF is generally only used in shipping. CIP is applicable to various modes of transportation including multimodal transportation, such as air transportation.
3. DDU Shuangqing unpaid tax delivery
DDP is Shuangqing after-tax delivery (including tax). The popular point of understanding is door-to-door. It is often said that the Shuangqing one-stop includes the port trailer + customs declaration + shipping + destination port customs clearance. The need for delivery to the door depends mainly on the customer The need to pay attention to is that DDP must provide the value of the goods because the tax payment is based on the value of the goods.
When inquiring the price from the freight forwarder, it is best to state FOB / CIF / DDU / DDP, etc. If it is FOB, you need to provide: product name / container type / quantity / weight / loading address / port of shipment / bill of purchase or document. Of course, it may also be bulk goods, without providing the cabinet type, only need to provide the quantity: a few parties.
If it is determined that the goods are to be exported in international trade, you can give the freight forwarding related matters to the freight forwarder. First of all, you need to understand several common methods of international freight.
1. Delivery price on board FOB
Popularly speaking, foreign customers have appointed a freight forwarder, and only need the consignor to arrange the trailer and customs declaration at the port of shipment. There are also EXW ex-factory prices that are delivered directly at the factory or the trailer declaration at the customer's designated place is arranged by the customer. The customer picks up the goods and the factory delivery is sufficient.
2. CIF cost plus insurance and freight
The popular point of understanding is that door-to-port (including the trailer at the port of departure + customs declaration + sea freight) is generally said to not include insurance. The customer requires insurance to be calculated based on the value of the goods. The term CIP can also be used. CIF is generally only used in shipping. CIP is applicable to various modes of transportation including multimodal transportation, such as air transportation.
3. DDU Shuangqing unpaid tax delivery
DDP is Shuangqing after-tax delivery (including tax). The popular point of understanding is door-to-door. It is often said that the Shuangqing one-stop includes the port trailer + customs declaration + shipping + destination port customs clearance. The need for delivery to the door depends mainly on the customer The need to pay attention to is that DDP must provide the value of the goods because the tax payment is based on the value of the goods.
When inquiring the price from the freight forwarder, it is best to state FOB / CIF / DDU / DDP, etc. If it is FOB, you need to provide: product name / container type / quantity / weight / loading address / port of shipment / bill of purchase or document. Of course, it may also be bulk goods, without providing the cabinet type, only need to provide the quantity: a few parties.
For international transportation, please contact Kyrie: