When you buy or sell goods across national boundaries, you and the other party must have a clear understanding of the terms for moving those goods to their destination. CIF and FOB are commonly used ...

FOB – which stands for Free on Board – is an Incoterm you might have come across when negotiating the purchase of goods for import to the UK. But what exactly does FOB mean – and why does it matter?

What Are Incoterms & How Do They Impact International Trade? Incoterms, short for International Commercial Terms, are a set of internationally recognised rules established by the International Chamber ...

In last week’s article, we discussed the relevance of Incoterms 2020 as well as the salient features of Incoterms EXW (Ex Works), FOB (Free On Board), CPT (Carriage Paid To) and CFR (Cost and Freight) ...

This fourth and second last part of our mini-series on the Tanzanian import taxation regime seeks to explain the significance of Incoterms (or International Commercial Terms) in international ...