Shipping Agreement Types

For the use of goods departing from the ship, the transfer of danger shall be carried out only when the ship has arrived at the designated port of destination and the goods are made available to the buyer for unloading. The seller pays the same freight and insurance costs as under a CIF agreement. Contrary to the CFR and CIF conditions, the seller has undertaken not only to cost, but also to bear the risk and ownership until the ship arrives in the said port. The cost of unloading the goods and customs duties, taxes, etc., are the responsibility of the buyer. A term often used in the navigation of mass goods such as coal, cereals, dry chemicals; and if the seller owns or has chartered his own vessel. There is a lot of need to be done for the international transport of goods. One of the most important things is to make sure that there are clear agreements with the foreign supplier (or customer). .