International Freight Forwarding

International Freight Forwarding

LUXURY FREIGHT AND GLOBAL LOGISTICS INC, is an agent of cargo exportation and importation worldwide, familiarized with the rule and regulation on INTERNATIONAL COMMERCIAL TERMS.

LUXURY FREIGHT AND GLOBAL LOGISTICS INC, have a wide range of network local and abroad, we move shipment from and to CHINA, ASIA, UNITED STATE, EUROPE and GERMANY via AIRFREIGHT AND SEA FREIGHT.

LUXURY FREIGHT AND GLOBAL LOGISTICS INC, prioritize and will protect client interest with the highest awareness on due diligence and exercise extra ordinary diligence.

Here are some guidelines on how to determine the responsibilities of both parties Importer and Exporter.

 

INTERNATIONAL COMMERCIAL TERMS:

FREE ON BOARD (FOB)

A trade term requiring the seller to deliver goods on board a vessel designated by the buyer. The seller fulfills its obligations to deliver when the goods have passed over the ship’s rail.

When used in trade terms, the word “free” means the seller has an obligation to deliver goods to a named place for transfer to a carrier.

Cost and Freight (CFR)

Term of sale signifying that the price invoiced or quoted by a seller for a shipment does not include insurance charges, but includes all expenses up to a named port of destination.

Cost, Insurance and Freight (CIF)

A shorthand term for signifying that the price invoiced or quoted by a seller includes insurance and all other charges up to the named port of destination.

DELIVERED DUTY UNPAID

Term of sale signifying that the price invoiced or quoted by a seller includes all charges freight, insurance, other associated charges except import duties (and specified taxes, if any) up to the destination named by the buyer, irrespective of the mode of transport.

DELIVERED DUTY PAID

Term of sale signifying that the price invoiced or quoted by a seller includes all charges freight, insurance, other associated charges, and duties (and taxes such as VAT, unless expressly exempted) up to the destination named by the buyer, irrespective of the mode of transport. In some cases the seller may also arrange an import license if it is required.