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Cost of goods, marine insurance and all transportation (freight) charges are paid to the foreign point of delivery by the seller.



Related Terms

CI

Abbreviation for 'Cost and Insurance.' A price that includes the cost of the goods, the marine insurance and all transportation charges except the ocean freight to the named point of destination.

JOINT RATE

A rate applicable from a point on one transportation line to a point on another line, made by agreement and published in a single tariff by all transportation lines over which the rate applies.

DISTANCE/VELOCITY LAG

The delay caused by the amount of time required to transport material or propagate a signal or condition from one point to another. Also known as transportation lag; transport lag.

GATEWAY

A point at which freight moving from one territory to another is interchanged between transportation lines.

WB

Waybill - a document prepared by a transportation line at the point of a shipment; shows the point of the origin, destination, route, consignor, consignee, description of shipment and amount charged for the transportation service. It is forwarded with the shipment or sent by mail to the agent at the transfer point or waybill destination. Abbreviation is WB. Unlike a bill of lading, a waybill is NOT a document of title.

ARBOR SUPPORT

A device to support the outer end or intermediate point of an arbor.

INDEMNITY

Compensation for loss/damage or injury. When a loss occurs this word is an insurance principle where the party suffering the loss would be restored to the same condition before the loss or if the loss had not occurred.

LCF

Longitudinal Centre of Flotation. The point about which the vessel tips and trims. It can be referred to as the tipping centre. It is the centroid (the centre of gravity of the waterplane area).

DESIGN HEAD

The planned elevation between the free level of a water supply and design head design heating load the point of free discharge or the level of free discharge surface.

MONITOR

  1. An instrument used to measure continuously or at intervals a condition that must be kept within prescribed limits, such as radioactivity at some point in a nuclear reactor, a variable quantity in an automatic process control system, the transmissions in a communication channel or bank, or the position of an aircraft in flight. 2. To use meters or special techniques to measure such a condition. 3. A person who watches a monitor.

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