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Explain what is the meaning of EXW - FCA - FAS - FOB - CIF methods of international shipping ?

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Question added by Deleted user
Date Posted: 2014/09/27
Sara Naeem
by Sara Naeem , Trainee Finance officer , Wah Brass Mill

EXW : Ex-works in it minimum responsibility on seller and greater responsibility on buyer for shipment.it is basic shipment arrangement

FCA: Free carrier.. In FCA seller is responsible for arranging transportation.

FAS:  Free along side Ship..in this transaction all risk of goods loss  or transportation cost incurred on Buyer.

FOB : Free on board..inland or waterway transportation of goods takes place.

CIF : Cost insurance and freight..in this arrangement usually seller choose the forwarder.

 

Ayman Esa Mustafa Farrag
by Ayman Esa Mustafa Farrag , مدير مالي , شركة الصفوف

EXW ex-factory ( venue to be determined ) : The seller of goods processed in buildings

FCA free carrier ( venue to be determined ) : The seller will deliver the goods to the first carrier ( named by the buyer ) and in a specific place and be ready goods for export

FAS sincere expenses until the loading dock ( is determined by the loading port ) : The seller must put the goods on the loading dock at the port selected vendor will equip its clear the goods for expor

FOB delivered on the back of the ship ( loading port is selected ) : This is a condition clause nautical classic , the seller must load goods sticking to the back of the ship , which has set the buyer , is split the cost and risk to the ship's rail . The seller must clear the goods for export. This requirement is used in maritime transport only .

CIF cost , insurance and freight ( is determined by port of arrival ) : This requirement is similar to the requirement of the CFR except that in this case it is the seller must buy and pay for the insurance buyer . This requirement is used in maritime transport only .

Deleted user
by Deleted user

agreed with miss sara naeem

Mohamed Ezat Mahmoud  Mady
by Mohamed Ezat Mahmoud Mady , Accounting and Financial Manager , Trustmed

Agree with Mr / Ayman and Miss / Sara

ghasan katreeb
by ghasan katreeb , محاسب , ادارة الموارد الساحلية

Agreed with colleagues answers

FITAH MOHAMED
by FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

agrre with answer of 

mr ayman ]& miss sara 

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