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CIF requires the seller to insure the goods for 110% of the contract value under Institute Cargo Clauses (A) of the Institute of London Underwriters (which is a change from Incoterms 2010 where the minimum was Institute Cargo Clauses (C)), or any similar set of clauses, unless specifically agreed by both parties.
Modern freight forwarders offer an end-to-end process i.e. shipping the goods from the place of origin to the final destination and may offer additional services such as warehouse planning, cargo insurance and customs brokerage. [8] In a single transaction, the forwarder may be acting as a carrier (principal) or as an agent for his customer or ...
The Cikarang Dry Port in West Java, Indonesia. A dry port (sometimes referred to as an inland port) is an inland intermodal terminal directly connected by road or rail to a seaport, operating as a centre for the transshipment of sea cargo to inland destinations.
The Government of India review [2] the DEPB rates after getting the appropriate an export import data on FOB (shipping) value of exports and Cost, Insurance and Freight (CIF) value of inputs used in the export product, as per SION.
The Dutch word "lading" has exactly the same meaning (freight, cargo, an amount of transportable goods) as it has in the English "bill of lading", but is not restricted to shipping. [ 17 ] Under English law, the Carriage of Goods by Sea Act 1992 provides that the term "bill of lading" includes a "received-for-shipment" bill of lading issued by ...
Chifeng Yulong Airport (IATA: CIF, ICAO: ZBCF) is an airport serving Chifeng, a city in the autonomous region of Inner Mongolia in China. [ 2 ] [ 3 ] Facilities
A consignee is a person or entity to which goods are consigned. [1] In a contract of carriage, the consignee is the entity who is financially responsible (the buyer) for the receipt of a shipment.
Until 1971 PIA also served various places as domestic stations in what was East Pakistan. [19] [48] During the COVID-19 pandemic in 2020, the PIA operated a series of chartered flights to and from Australia, South Africa, South Korea, UK and the Middle East among others to transport stranded citizens.