| A | B |
|---|
| Free On Board (FOB) | When ownership/liability of goods passes from seller to buyer at time goods cross shipping point to be delivered |
| Cost and Freight (CFR) | seller quotes price for goods, incl. cost of transportation to named port of debarkation |
| Cost, Insurance, and Freight (CIF) | Seller quotes price incl. ins., all transportation, and misc. charges to point of debarkation from vessel/aircraft |
| Carriage paid to (CPT) | price quoted by exporter for shipments not involving waterway transport, not incl. ins. |
| Carriage and Insurance Paid To (CIP) | price quoted by exporter for shipments not involving waterway transport, incl. ins. |
| Delivery Duty Paid (DDP) | seller delivers goods, w/import duties paid, incl. inland transportation from import point to buyer's premises |
| Delivery Duty Unpaid (DDU) | only destination customs duty and taxes are paid by consignee |
| Inventory Carrying Costs | expense of maintaining goods in storage |
| Order Cycle Time | tot. time that passes btw placement of order and receipt of merch |
| Electronic Data Interchange (EDI) | direct xfer of info tech btw computers of trading partners |
| Reverse Logistics | system responding to env. concerns that ensures a firm can retrieve a product from market for subsequent use, recycling, or disposal |
| Storage Location Decision | decision concerning number of facilities to establish and where they should be situated |
| Foreign Trade Zones | special areas where foreign goods may be held or processed w/o incurring duties and taxes |
| Export Processing Zones | special areas that provide tax- and duty-free treatment for production facilities whose output is destined abroad |
| Special Economic Zones | special tariff-free areas where substantial tax incentives and low prices for land and labor to which govt hopes to attract FDI |
