Delivery Terms

Delivery terms are the specific rules that specify when, where, and how goods are transferred from a seller to a buyer. They define responsibilities, costs, and risks involved in the transportation process. For example, terms like FOB (Free on Board) or CIF (Cost, Insurance, Freight) clarify who pays for shipping, who handles insurance, and when ownership changes hands. Understanding these terms helps both parties know their obligations, avoid misunderstandings, and ensure smooth delivery of goods. They are essential in international and domestic trade to outline clear expectations and responsibilities regarding transportation and delivery of products.