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(CIF) - under this term the exporter or shipper undertakes all risks and expenses to to deliver the goods to a specified destination.



Related Terms

CONSIGNMENT BILL OF LANDING

Indicates the shipper will deliver the goods to the consignee.It does not convey title (nonnegotiable).Most often used when the goods have been prepaid.

AIR WAY BILL

(AWB) - a document made out by or on behalf of the carrier(s) confirming receipt of the goods by the carrier and evidencing the contract between the shipper and the carrier(s) for the carriage of goods as described therein.

AGREED WEIGHT

The weight prescribed by agreement between carrier and shipper for goods shipped in certain packages or in a certain number.

CONSIGNMENT B/L

Indicates the shipper will deliver the goods to the consignee.It does not convey title (nonnegotiable).Most often used when the goods have been prepaid.

SHIPPER

An individual or businesses who tender goods or cargo for transportati

NONNEGOTIABLE BILL OF LANDING

Indicates the shipper will deliver the goods to the consignee.It does not convey title (nonnegotiable).Most often used when the goods have been prepaid. Sometimes means a le copy of a Bill of Landing.

STRAIGHT B/L

Indicates the shipper will deliver the goods to the consignee.It does not convey title (nonnegotiable).Most often used when the goods have been prepaid.

OCEAN BILL OF LADING

A contract for transportation between a shipper and a carrier. It also evidences receipt of the cargo by the carrier. A bill of lading shows ownership of the cargo and, if made negotiable, can be bought, sold or traded while the goods are intransit.

NONNEGOTIABLE B/L

Indicates the shipper will deliver the goods to the consignee.It does not convey title (nonnegotiable).Most often used when the goods have been prepaid. Sometimes means a file copy of a B/L.

DECLARED VALUE FOR CARRIAGE

The value of the goods declared to the carrier by the shipper for the purpose of determining charges or of establishing the limit of the carrier's liability for loss, damage or delay. It is also the basis for possible applicable valuation charges (air cargo).

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