Whenever you purchase goods from a manufacturer or supplier, you are presented with two options: CIF (Cost, Insurance, and Freight) or FOB (Free on Board). Both CIF and FOB are contracts specifying whether the buyer or the seller is responsible for the purchased goods during transit. Here’s a brief explanation … Read more
Every industry has its own jargon, and logistics is no exception. If you’ve ever contacted a logistics provider before, you must have heard a million logistics terms already (okay, maybe not that many). Of those, the two that you will definitely hear over and over again are DDP and DDU. To understand … Read more
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