Heavy cargo shipping: Payment and price terms
Payment and price terms involves shipping mode, lashing and port conditions that need early confirmation.
Key points
- Common terms are 30% deposit with balance before shipment, or a sight letter of credit; FOB, CFR and CIF dominate, with CFR preferred where local insurance is mandatory such as Kenya.
- Combine the shipping plan with destination port capability and inland roads; ocean freight alone understates cost.
- This compiles public rules for pre-shipment checks; applicable categories, inspection bodies and documents are confirmed by the destination authority and the importer.
Common terms are 30% deposit with balance before shipment, or a sight letter of credit; FOB, CFR and CIF dominate, with CFR preferred where local insurance is mandatory such as Kenya.
Combine the shipping plan with destination port capability and inland roads; ocean freight alone understates cost.
This compiles public rules for pre-shipment checks; applicable categories, inspection bodies and documents are confirmed by the destination authority and the importer.
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