INCOTERMS: UNDERSTANDING SHIPPING TERMS IN NIGERIA

Incoterms? The term shipping used in international logistic trade means transport of goods from one place to another. Like every other trade, this movement of cargo from one country to another comes with its on jargon or languages. These are often called shipping terms or Incoterms (International commercial terms). These terms have meanings assigned to […]
SHIPPING COMPANIES TERMS AND MEANING IN NIGERIA

Shipping Companies? Have you ever seen big ships or large vessels on the sea? Often the ships are tagged with the name CMA-CGM, Maersk, or APL on the side. What meaning do you make of them? Well, names like Maersk and CMA-CGM are big names in the shipping business. They are called shipping lines. A shipping […]
SHIPPING TERMS: MEANING IN NIGERIA CONTEXT

What are shipping terms? In international commerce, there are a lot of jargon or terms often abbreviated as incoterms. These are sometimes referred to as trading terms. The terms FOB, CNF, C&F, FCA, Ex Works, Shipper, Exporter, Importer, Consignee, Consignor, Shipping Line, etc. are often used wrongly. Wrong usage could cause some shipping documentation complication […]