The bill of lading, which is part receipt, part contract, and part proof of ownership, is a tool in global trade. This document provides a clear audit trail when shipping goods. Electronic systems can ...

FOB stands for "freight on board." The term is used to describe the point in a transaction where a product being shipped becomes the property of the buyer. In an FOB Origin shipping arrangement, the ...

Himalaya Shipping Ltd. has filed proposed terms for a $45 million U.S. IPO. The firm is planning to provide dry bulk shipping services on Pacific Ocean routes. Himalaya had no revenue as of the end of ...

Delivery terms aren’t just legal fine print—they are strategic terms that can drastically shift the costs and obligations between the parties to a contract, especially when tariffs are involved. This ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

"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 Diplomat author Mercy Kuo regularly engages subject-matter experts, policy practitioners, and strategic thinkers across the globe for their diverse insights into U.S. Asia policy. This ...

NEW YORK (Reuters) -Top U.S. oil major ExxonMobil asked regulators to block changes proposed by the Colonial Pipeline to its fuel shipping terms, citing potential harm to shippers and consumers, a ...

NEW YORK, March 19 (Reuters) - Top U.S. oil major ExxonMobil (XOM.N), opens new tab asked regulators to block changes proposed by the Colonial Pipeline to its fuel shipping terms, citing potential ...

NEW YORK, March 10 (Reuters) - At least four U.S. gasoline marketers are preparing legal and regulatory challenges to the Colonial Pipeline over proposed changes in fuel shipping terms which the ...