Bitumen Delivery Terms

Bitumen Delivery Terms

Bitumen Delivery Terms

What is FAS, FOB, CFR?

RAHA BITUMEN Co as the experienced and well-known Bitumen Supplier in the Middle East can operate and deliver any types of Bitumen with the best Bitumen Price and different type of Bitumen Packing and other Petrochemical products based on FOB, CFR, CPT, FAS, FCA, EXW and CFR terms.

FAS – Free Alongside Ship: The RABIT (RAHA BITUMEN) Co. delivers when the bitumen cargoes are placed alongside the Bitumen Buyer’s vessel at the named port of shipment. This means that Bitumen Buyers have to bear all costs and risks of loss of or damage to the bitumen cargoes from that moment.

FOB – Free on Board: FOB means that The RABIT Co. pays for delivery of bitumen cargoes to the vessel including loading. The RABIT Co. must also arrange for export clearance. Bitumen Buyers pay the cost of marine freight transportation, bill of lading fees, unloading and transportation costs and insurance from the arrival port to destination.

CFR – Cost and Freight: The RABIT Co. pays for the carriage of the Bitumen Cargoes up to the named port of destination. Risk transfers to Bitumen Buyer when the goods have been loaded on board the ship in the country of Export.