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GLOSSARY OF WORDS

FOB (Free on Board)

Incoterms term which sets out responsibilities upon delivery.

FOB is an Incoterms term that indicates that the seller delivers the goods on the ship, and the buyer takes responsibility from that moment. It is frequently used in maritime trade.

Other terms

Logistic hubs

Central distribution point.
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L

Incoterms 2020

International set of trade rules for transportation.
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I

Cargo

Goods transported from one place to another.
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C

DDP (Delivered Duty Paid)

Incoterms term whereby the seller bears all costs up to the destination.
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D

Dispatcher

Coordination Center for Transport.
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D

GPS-tracking

Monitoring of transport vehicles by satellite.
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G

Cost per kilometer

What is the cost per kilometer? Tariff applied for long-distance transportation.
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C

ATV and motorcycle transport

Safe transport for small vehicles.
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A

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