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FOB (shipping) FOB ( free on board) is a term in international commercial law specifying at what point respective obligations, costs, and risk involved in the delivery of goods shift from the seller to the buyer under the Incoterms standard published by the International Chamber of Commerce. FOB is only used in non-containerized sea freight or ...
Free Shipping Day. Free Shipping Day is a one-day event held annually in mid-December. On the promotional holiday, consumers can shop from both large and small online merchants that offer free shipping with guaranteed delivery by Christmas Eve .
The wording also varied in these, and there were multiplications of the creatures involved in the adventures of the three protagonists – a donkey, a reindeer, a bull, a goose and a camel. [11] An advertising card based on Kate Greenaway's 1881 illustration of the rhyme. As the decades advanced there were changes in form as well as wording.
Counterclaim. In a court of law, a party's claim is a counterclaim if one party asserts claims in response to the claims of another. In other words, if a plaintiff initiates a lawsuit and a defendant responds to the lawsuit with claims of their own against the plaintiff, the defendant's claims are "counterclaims."
The Standard Marine Communication Phrases ( SMCP) is a set of key phrases in the English language (which is the internationally recognised language of the sea), supported by the international community for use at sea and developed by the International Maritime Organization (IMO). They aim to explain: 1) external communication phrases – ship ...
The Incoterms or International Commercial Terms are a series of pre-defined commercial terms published by the International Chamber of Commerce (ICC) relating to international commercial law. [ 1] Incoterms define the responsibilities of exporters and importers in the arrangement of shipments and the transfer of liability involved at various ...
HMS Erebus, a bomb vessel of the Royal Navy, depicted on a voyage of exploration in the Arctic. Bomb vessels served in the Royal Navy over a period of about 150 years. The concept entered the Navy in the 1680s, based on French designs and usage, and remained in service until the mid-19th century. [1]
Statement of Facts. Statement of Facts (SoF) is a report listing all events during a ship's stay in port in chronological order and is used for the calculation of the lay time [1] [2] and demurrage. [3] The Statement of Facts may aid in the resolution of conflicts by providing transparency and a precise documentation. [3]