What is the meaning of different shipment terms? How will I be affected under different shipment terms?
Different shipment terms confine the responsibility of shipper and consignee. If the shipment terms are C&F or CIF, shipper will be responsible for the freight costs and usually it also implies that the shippers will nominate their forwarders. And FOB means that the shipper will have the responsibility to arrange the inland truck to deliver the goods to specific location, usually seaports or receiving stations. And Ex-work or Ex-factory means that shipper will not be responsible for any transportation arrangement. For later two terms, the consignee will appoint the forwarders.
