What Is CIF In Shipping Terms? Cost, insurance, and freight (CIF) is an international shipping term that describes the seller’s responsibility for the cost of shipping, freight charges, and insuring the cargo being shipped via ocean or waterway. … However, the buyer assumes responsibility for the goods once the cargo has reached the buyer’s port.
What Is ISF Bond Fee? The cost associated with an ISF bond is especially relevant to most importers. Although fees vary between Surety/Insurance Agencies, Customs Brokers, and Freight Forwarders, ISF bond fees are typically between $50 and $500. ISF Single Entry Bond Fee – $50 to $100. Is an ISF bond required? ISF Bonds are
What Is MAWB And Hawb? MAWB is Master airway bill issued by main carrier of goods on receipt of goods from a freight forwarder to deliver at destination as per agreed terms. HAWB means House airway bill issued by a freight forwarder on receipt of goods from shipper agreeing to deliver goods at destination. What
How Is Harbor Maintenance Fee Calculated? There is a simple formula to calculate the Harbor Maintenance Fee: HMF = value of shipment X 0.125. For example, on a $10,000 shipment, the HMF would be $12.50 ($10,000 X 0.125). Unlike the Merchandise Processing Fee (MPF), HMF does not have a minimum or maximum charge. What is
How Long To Travel To China By Boat? Shipping products from China by sea takes between 6 and 8 weeks from door to door. Can you get to China by boat? Getting the ferry to China? The ferry industry in China is one of the most developed in Asia, with market leading operators using top-of-the-range,