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Free shipping is a marketing tactic used primarily by online vendors and mail-order catalogs as a sales strategy to attract customers. [1] Online sales model [ edit ]
FOB (free on board) is a term in international commercial law specifying at what point respective obligations, costs, and risk involved in the delivery of goods shift from the seller to the buyer under the Incoterms standard published by the International Chamber of Commerce. FOB is only used in non-containerized sea freight or inland waterway ...
Forward freight agreement. A forward freight agreement ( FFA) is a financial forward contract that allows ship owners, charterers and speculators to hedge against the volatility of freight rates. It gives the contract owner the right to buy and sell the price of freight for future dates. FFAs are built on an index composed of a shipping route ...
To qualify for free shipping, non-Prime members typically have to purchase an order totaling at least $25. On Monday, the e-commerce giant said it has raised that minimum to $35.
Product return. The return policy posted at a Target store. In retail, a product return is the process of a customer taking previously purchased merchandise back to the retailer, and in turn receiving a refund in the original form of payment, exchange .
v. t. e. A proof of delivery ( POD) is a document that substantiates that a carrier has satisfied its terms of a contract of carriage for cargo by confirmation of the recipient or consignee. [1] When the sender sends multiple documents through the mail, there is a possibility of some not reaching the intended recipient.
About this template. This template is used to identify a stub related to a ship transport company. It uses {}, which is a meta-template designed to ease the process of creating and maintaining stub templates. Usage. Typing {{Shipping-company-stub}} produces the message shown at the beginning, and adds the article to the following category:
v. t. e. When used in foreign trade, a commercial invoice is a customs document. It is used as a customs declaration provided by the person or corporation that is exporting an item across international borders. [1] Although there is no standard format, the document must include a few specific pieces of information such as the parties involved ...
A request for quotation ( RfQ) is a business process in which a company or public entity requests a quote from a supplier for the purchase of specific products or services. RfQ generally means the same thing as Call for bids (CfB) and Invitation for bid (IfB). [1] An RfQ typically involves more than the price per item.
In July 2014, Eyal Ofer, the principal of Zodiac Group, received an honorary life membership of the Baltic Exchange for his contribution to shipping in the UK and global maritime trade. Later that year, he was named in the top 10 most influential people in the shipping industry according to Lloyds List 2014.