IAF 716 Transportation 12-00-52

IAF 716 Transportation 12-00-52 - Transportation Dr Rama...

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Transportation Dr. Rama Srivastava Office: C2010 e: [email protected]
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Transport or transportation is the movement of people and goods from one place to another. Driving Shipping, Travel Shipping has multiple meanings. It can be a physical process of transporting goods and cargo , by land, air, and sea. It also can describe the movement of objects by ship. Cargo (or freight) is goods or produce transported, generally for commercial gain by ship, aircraft, train, van or truck. In modern times, containers are used in most cargo transport.
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Shipment of freight by trucks, directly from the shipper to the destination, is known as a door to door shipment . Vans and trucks make deliveries to sea ports and air ports where freight is moved in bulk. Much shipping is done aboard actual ships. An individual nation's fleet and the people that crew it are referred to its merchant navy or merchant marine. Merchant shipping is essential to the world economy, carrying 90% of international trade with 50,000 merchant ships worldwide
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Terms of shipment Freight on board (FOB) - FOB specifies which party (buyer or seller) pays for which shipment and loading costs, and/or where responsibility for the goods is transferred. The last distinction is important for determining liability for goods lost or damaged in transit from the seller to the buyer.
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Incoterms Terms published by the International Chamber of Commerce (ICC). Incoterms 2000 had four categories, Incoterms 2010 only has two- Rules for Any Mode of Transport EXW - Ex Works FCA - Free Carrier CPT - Carriage Paid To CIP - Carriage and Insurance Paid DAT - Delivered At Terminal DAP - Delivered At Place DDP - Delivered Duty Paid
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IAF 716 Transportation 12-00-52 - Transportation Dr Rama...

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