Trade Terms
General reference for commodity trade terms
Incoterms used in our industry
This page is general, public-knowledge reference information to help buyers understand common terminology. It is not legal or trade advice, and specific terms for any transaction are agreed directly between buyer and supplier.
The buyer takes on all transport costs and risk from the seller's premises onward.
The seller delivers the goods on board the vessel at the named port of shipment; risk transfers to the buyer once loaded.
The seller pays the cost and freight to bring goods to the named port of destination; risk transfers once loaded, same as FOB.
Like CFR, but the seller also arranges and pays for marine insurance covering the buyer's risk during transit.
Documentation buyers typically expect
Standard commodity transactions typically involve documentation such as a commercial invoice, packing list, bill of lading, certificate of origin, and certificate of quality/quantity issued by an independent inspection agency. Exact documentation requirements vary by product, jurisdiction, and buyer, and are confirmed directly between the transacting parties once terms are agreed — we don't generate or provide these documents through this website.