Yaa Incoterms Of Clothe Merchandising Trace Organization

InCoTerms of Apparel Merchandising Business

Muhammad Rahat
Dept. of Knitwear Manufacturing Technology
BGMEA University of Fashion & Technology (BUFT)
Email: smrahatsaif@gmail.com

INCOTERMS is the combination of (IN – International, Co – Commercial, Terms – Terminology). INCOTERMS is really of import those who doing garment merchandising business. It is also of import for international business. Incoterms were outset developed past times ICC (International Chamber of Commerce) inward Paris France. Incoterms was outset developed inward 1939. It defines the merchandise contract, responsibilities together with liabilities betwixt buyer together with seller. It is invaluable together with toll saving tool. The importer together with exporter involve non become nether lengthy negotiation nearly a status of each transaction later on that revised version published inward 2000 together with 2002.

Terms of Apparel Export Business:

1. FOB – Free on Board
2. CFR – Cost together with Freight
3. C&F – Clearing together with Forwarding
4. CIF – Cost Insurance together with Freight
5. CM – Cost of Manufacturing
6. CMT – Cost of Manufacturing together with Trim
7. FCL – Full Container Load.
8. L/C – Letter of Credit
9. LCL – Less Container Load.
10. DAT – Delivery together with Terminal.
11. DAP – Delivery together with Port.
12. CFS – Container Freight Station.
13. FOA – Free on Air
14. DDU – Delivery Duty Unpaid.
15. POD – Port of Discharge.
16. POD – Proof of Delivery.
17. POL – Port of Landing.
18. POL – Port of Loading.
19. ETA – Estimate Time of Arrival.
20. ETD – Estimate Time of Departure.
21. GSP – Generalized System of Preferences.
22. MAWB – Master Air Way Bill.
23. HAWB – House Air Way Bill.
24. FFU – Forty Fit Equivalent
25. TFU – Twenty Fit Equivalent
26. PC – Pont Cash.
27. CO – Country of Origin
28. GOH – Garments on Hanger.
29. FPC – Flat Pack Container.
30. CPT – Carriage Paid to.
31. CY – Container Yard.
32. CBM – Cubic Metter.
33. NVOCC – Non Vassal Operating Common Carrier.
34. DDP – Delivery Duty Paid.

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