Common trade Terms


Industry Encyclopedia

EXW(Ex factory price)factory ex price
FOB(FOB price)EXW+ All prices before shipment to ship's rail transport 
CIF(Delivery at destination port)FOB+ ship to destination port price
DDU(Delivered Duty Unpaid at Destination Port) CIF+ door to door price
DDP(Delivered Duty Paid at Destination Port)CIF+taxes+ door to door rats

Taxes: including manage customs clearance procedure and hand in Commissions, duties, taxes and other charges.

CBM full name is“ cubic meter”,1cbm=1cubic meter

a(FCL:full container load):
FCL=full container load,the calculate price is FCL.
b.(LCL:less than container load):
LCL=less than container load,the calculate price is 1cbm

The process of freight forwarder

Express : prepare goods - documents - forwarder - tracking the tracking number

AIR: prepare goods - Booking -customs clearance  -warehouse— FOB bill-tracking the tracking number

Sea:prepare goods— Booking—customs clearance—warehouse— FOB bill—send(PI/BL/CI/PL/FF)—tracking