FOB ROTTERDAM & HOUSTON TERMS AND PROCEDURES / NON NEGOTIABLE 1 Buyer issues ICPO C/P POF Buyer s Passport Copy for Data File OR Company License 2 Seller issues commercial invoice CI along with POP documents listed below to the Buyer who returns signed and sealed Commercial Invoice CI to the seller TSR
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Support your trades purchases sales and contracts with McCloskey coal pricing and data excellence The full set of steam coking and petcoke prices along with vital coal market data news and analysis can be accessed through our online platform to
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— Hard coking coal fob DBCT $ per tonne up by $ per tonne Hard coking coal cfr Jingtang $ per tonne up by $ per tonne Coking coal market The fob Australia coking coal market remained strong on Friday with firm buying interest from Asia market sources said
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— The below is the structure that should be used on Sales Contracts [Incoterm® rule] [Named port/place/point] Incoterms® 2020 Examples CIF Longbeach Incoterms® 2020 DPU 4300 Longbeach Blvd Longbeach United States Incoterms® 2020 What are the four most used Incoterms Here are four of the most commonly used
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— Cost insurance and freight CIF is an international commerce term and only applies to goods shipped via a waterway or ocean With cost insurance and freight the seller covers the costs
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— The international steam coal market Since 2007 steam coal Footnote 2 consumption in the Organisation for Economic Co operation and Development OECD has decreased by % owing to general trends of decarbonization and lower energy consumption However over that same period consumption has continued to grow
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— part one fob sales 4 1 applicability 4 2 delivery 4 3 risk and property 5 4 inspection measurement and sampling 5 5 nomination of vessels 6 6 arrival of vessels loading berthing and others 8 7 laytime and demurrage 9 part two cif cfr dap and dat sales 13 8 applicability 13 9 delivery 13 10 risk and property 14 11
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INDIAN COAL MARKET Although India ranks at the fifth position in terms of being the largest coal producer in the world still a substantial amount of steam coal accounting for almost 19% is imported globally The coal import prices are majorly determined by the CIF cost insurance and freight and export prices by FOB Free on Board
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Introduction to FOB and Its Relevance in International Trade Why is FOB a Cornerstone in International Shipping When diving into the global shipping industry one term frequently stands out FOB or Free On Incoterm short for International Commercial Terms plays a pivotal role in international trade especially concerning exports from
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— Cosmo has defined the 2010 Incoterms abbreviations such as FOB CFR and DAP for international trade Incoterms are international contracts of sale often called trade terms or shipping terms Incoterms is short for International Commercial Terms EXW and FOB are far and away the two most common incoterms
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FOB Newcastle 5 500 NAR is an important assessment reflecting a shift in spot market liquidity from the industry standard FOB Newcastle 6 300 kcal/kg GAR quality coal bought mainly by Japanese utilities to lower calorific value higher ash coal preferred by Chinese Korean and Taiwanese end users
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— Steam Coal Cif selling leads ☆ Find Steam Coal Cif manufacturers suppliers and exporters For Buyers Companies; 29 2022 Subject FOB or CIF PRELIMINARY QUOTATION good day sir 1 Price indicator FOB Vessel Kalimantan Island Indonesia ICI 1 GCV 6500 / NCV 6200 => less discount 6 USD per MT ICI 2 GCV 5800 /
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formed around API2 All Publications Index number 2 a price index of CIF steam coal delivered to the ARA area The second largest is API4 a price index of FOB steam coal at the Richards Bay terminal in South African In 2001 Global Coal was created by coal producers Anglo American BHP Billiton Glencore and Rio Tinto end users ENEL
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FOB ROTTERDAM & HOUSTON TERMS AND PROCEDURES / NON NEGOTIABLE 1 Buyer issues ICPO C/P POF Buyer s Passport Copy for Data File OR Company License 2 Seller issues commercial invoice CI along with POP documents listed below to the Buyer who returns signed and sealed Commercial Invoice CI to the seller TSR
With FOB Destination the seller is responsible for the goods until they reach the buyer s location This means that if the goods are damaged or lost during transit the seller is responsible for filing a claim with the carrier or their insurance company Another factor to consider with FOB Shipping Point is the issue of ownership
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— international coal indexes API 2 cif ARA weekly index is the average of the daily API 2 index which is an average of the Argus cif ARA daily assessments and the McCloskey daily NW European steam coal marker API 3 fob Richards Bay 5 500 kcal/kg weekly index is the average of the weekly Argus fob Richards Bay 5 500 kcal/kg
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— That s because CIF is generally used in shipments of lower value goods than CIP In both cases—CIF and CIP—the insurance should cover at a minimum 110% of the value of the goods as provided in the sales contract The insurance should cover the goods at least to the point of delivery
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— CIF CFR Cost and Freight Definition CIF is an Incoterm where the seller pays for the cost insurance and freight of the goods transported to the buyer s destination port CFR is an Incoterm where the merchant pays the cost and freight to bring the goods to the buyer s destination port but not the insurance Risk Transfer
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— In shipping terms FOB is short for Free On Board The term comes from the maritime shipping world and describes who was liable for damage to goods while in transit by sea the buyer When ownership of a shipment transferred from seller to buyer as the goods crossed the ship s rail the goods were referred to as "free on board "
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