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Ocean Cargo Frequently Asked Questions

Your questions answered.

Ocean Cargo Terms of Sale (INCOTERMS)

INCOTERMS clearly outline the division of responsibilities between a seller and buyer.

Ocean Cargo Terms of Sale (Summary)

Summary of Point of attachment and termination of insurance under Open Policies based on Terms of Sale.

Ocean Cargo INCOTERMS and Insurance

depending upon the actual term used for each shipment the seller or buyer bears responsibility for loss or damage to the goods at some point during transit.

Ocean Cargo Methods of Payment

The method of payment agreed upon by the seller and buyer determines the extent of their financial interest and indicates whether or not insurance should be obtained.

Ocean Cargo Links of Interest

More useful information from across the web.

You get real-time, easy access to policy details and activity. Sophisticated, yet intuitive and easy to use, CargoPort offers real-time 24/7 access to policy details and related import/export activity. It’s easy to:

  • Create, view, and print cargo certificates
  • Monitor shipping activity worldwide
  • Report shipment/storage declaration
  • Generate management reports
  • Perform vessel verification and OFAC searches
  • Reach our full-time help desk staff
  • Much more