“Cost and Freight”. What does that mean? These were the very questions I asked when I first heard of it. Well today, Uncle DP is going to help lift the cloud that shrouds this mystical shipping term! Yeeha… Read the rest of this entry »

Alright if you’re in Busan Port and a European guy asks you to sell him 20 tonnes of Korean rainbow colored bricks FOB Port Busan, what does that mean? Well, it simply means that you quote him the price for the 20 tonnes of rainbow colored bricks PLUS the following charges: Read the rest of this entry »

Well, if you are into shipping or your business is related to import exports, then it is good to pick up some shipping and payment terms that will help you get an idea of what your customer or supplier is saying. Read the rest of this entry »