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Incoterms describe the Terms of Shipment, specifying who pays the freight, what share of other costs the shipper pays for, and what the consignee pays for. When the shipper includes the freight with the cost of their goods, the two main terms used are CFR (Cost and Freight) and CIF (Cost, Insurance and Freight). Sometimes the shipper will pay all costs up to the consignee’s door, in which case the main terms used are DDP (Delivery Duty Paid) or DAP (Delivery at Place).
To maintain control over your cargo right from the point of despatch, for imports we generally recommend that you pay the freight at this end, allowing you to nominate us as your Forwarding Agent. In these cases, the main terms used will be FOB (Free on Board), meaning the shipper pays costs to get it to the port at their side and you pay the freight at this end or EXW (Ex Works), meaning you pay all charges from their premises onwards, in which case we arrange cartage to the port of loading and pay the origin port or airport charges on your behalf, and include the costs on your freight invoice.
The attached link will give you an insight to the various shipping terms used for both air and sea freight.
