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Industry Basics

On-time In-full: An Essential Supply Chain Metric

Strong OTIF strategies lay the foundation for better cooperation among all the supply chain participants. If everyone is on the same page with the rules and regulations for delivery of shipments, they can work together in an efficient system.

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Incoterms®: Ex Works - Cogoport

Established importers set up offices in their export country for ease of handling their shipments. The buyer may opt for Ex Works if they are shipping via air express couriers. In most cases, express couriers collect goods from seller’s location.

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Incoterms®: Free Carrier (Place) - Cogoport

FCA can be a useful Incoterm® for purchasers who frequently acquire containerized goods and who have a reputable third-party logistics provider or freight forwarder they can trust.

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Incoterms®: Free Alongside Ship (Port)

FAS has its roots in the era of sail-powered shipping. Nowadays, FAS is solely utilised for inland canal shipments and sea freight.

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Incoterms® FOB: Free on Board Simplified

FOB Incoterm® is also the most economical choice because it provides the buyer the freedom to compare shipping costs.

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Incoterms®: Cost and Freight (Port) - Cogoport

The best applications for CFR Incoterm® are in inland waterway and ocean freight. It is generally utilised for bulk cargo and non-containerized commodities.

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Incoterms®: Cost, Insurance and Freight (Port)

Only sea and waterway shipments should use CIF Incoterm®. The seller transfers the shipment and all risks to the buyer as soon as the cargo is loaded aboard the ship.

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Incoterms®: Carriage Paid To (Place)

CPT is similar to an FCA agreement in that it can be applied to all modes of transportation, but unlike an FCA agreement, the delivery destination is not predetermined.

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Incoterms®: Carriage and Insurance Paid To

CIP can be applied to any transport mode or situations when there are several transport modes. The seller is in charge of organising transportation to the specified location as well as insurance for the items.