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Material Shipping Payment Terms

Reference data and engineering information about material shipping payment terms for miscellaneous applications.

materialshippingpaymentterms

Overview

Engineering reference data for Material Shipping Payment Terms in miscellaneous.

Key Formulas

Unit Conversion

y=x⋅ky = x \cdot k

Multiply by conversion factor.

Linear Interpolation

y=y1+(x−x1)(y2−y1)x2−x1y = y_1 + \frac{(x - x_1)(y_2 - y_1)}{x_2 - x_1}

Estimate between two known points.

Percentage

p=partwhole×100%p = \frac{\text{part}}{\text{whole}} \times 100\%

Part as fraction of whole.

Variables

SymbolDescriptionUnit
xxInput value—
yyOutput value—
kkConversion factor—

Shipping Payment Terms

9 rows
Common Shipping Payment Terms and Conditions (Incoterms)
Abbreviation
Method
Description
CFRCost & FreightSeller pays the costs necessary to bring the goods to the named port of destination.
CIFCost, Insurance & FreightSame as CFR but includes marine insurance for loss or damage during shipment.
CIPCarriage & Insurance Paid ToSame as CPT but includes insurance for loss or damage during carriage.
CPTCarriage Paid ToSeller pays freight to the named destination.
DAFDelivered At FrontierSeller clears goods for export at the named destination before customs.
DDPDelivered Duty PaidSeller delivers goods to the named destination & pays all charges, including customs clearance.
DDUDelivered Duty UnpaidSeller delivers goods to the named destination, but buyer pays import duties & taxes.
DESDelivered Ex ShipSeller delivers goods on board the ship, uncleared for import, at the named destination.
DEQDelivered Ex Quay (Duty Paid)Seller delivers goods at the named destination quay, cleared for importation.

Source: engineeringtoolbox.com

References

Source: engineeringtoolbox.com