"FOB" was originally an ocean-freight acronym. Once the freight passed beyond this boundary of the ship's rail and moved onto the vessel, the seller had completed all of its delivery obligations to ...

The spread between spot ocean freight rates and the long-term contract market is at its highest since September 2021, equal to $2,500. Ocean spot freight rates have tumbled for a sixth-consecutive ...

Trading in commodities has various terms, particularly if a produce has to be exported or imported. Transportation is part and parcel of any trade. Therefore, let us look at various freight terms in ...