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International Procurement: Highlights on some essential FOB incoterms
Spread the love Abstract: Incoterms are last amended by ICC on January 01, 2013.Some essential incoterms are highlighted below. The incoterms EXW can be defined as an agreement between a buyer and a seller that after production completed and left warehouse of the seller, seller is not responsible for cost and liability for the product. Incoterms FOB and EXW can be used interchangeably while consider terms and agreement between buyer and seller. Seller is not responsible for loading the goods unless specified otherwise and buyer is responsible for doing insurance for EXW shipments under the buyer’s Ocean Cargo Policy. Free Carrier While using the incoterm FCA , the Seller agrees to give delivery of the goods into the custody f the forwarder, freight forwarder etc. Free on Board(Named port of shipment) The incoterm FOB is from the point of delivery of goods and transfer of risk, it starts with the goods pass the ship’s rail at the named port of shipment. Except CIP and CIF , incoterms do not have any obligation on the Seller and Buyer to provide insurance. Keywords: Freight collect, Incoterms, EXW, FCA, FOB. Article: Introduction: Incoterms are nothing but some International Commercial terms published by the International Chamber of Commerce to clearly communicate the associated risks, costs, tasks, etc. evolved with international procurement and logistics. Which are widely accepted […]
About the Matarbari deep sea port: An SCM perspective
To ensure load unload of deep draft vessels the Matarbari port is essential for Bangladesh and adjacent countries and areas. The Matarbari deep sea port has a 16m depth that will help 16m draft vessels to unload their cargo at the terminal. At deep sea, currently mother vessels unload the cargo at feeder vessel and they carry the cargo to the Chittagong port. The present seaports (Chattogram sea port and Mongla sea port) of the country do not have the capacity to handle huge containers and vessels and the building of a deep sea port is the only solution. Chittagong port can’t load unload from more than 9.5 meter vessels.
Sourcing and Procurement Decisions and Third Party Supply Chain Management Service Providers
Spread the love Abstract: Supplier Scoring is used to rate Supplier performance. Impact on Supply Chain surplus and the total cost is the basis of comparison between suppliers. If the sourcing process is effective it improves profits for the firm and the total supply chain in various ways. A firm may like to keep a supply chain function in the […]
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