Wednesday, March 21, 2007

Incoterm and Container

FOB, meaning Free on Board, translates to the shipper (seller) having upheld his/her part of the agreement when the goods pass the ship's rails at the port of exit. The receiving party (buyer) assumes risk and costs associated with the goods once they pass the ship's rail in the seller's home port.

Ocean Freight Container, 20 foot open full container load
20' containers: 24,000 kg (52,910 lbs) according to the latest issue of ISO 668;
30, 480 kg (67,200 lbs) valid for most Hapag-Lloyd 20' containers; exceeds ISO minimum standards.

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