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12/3/13

www.bonmarine.com/en/shipping/useful-information/l-c-terms
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estShi
pment
Thel
at
estshi
pment-l
at
estdat
eofshi
pmentorl
astdat
ef
orshi
pment-i
st
hel
as
tdayoft
heper
i
odoft
i
meal
l
owedby
t
hel
et
t
erofc
r
edi
t(
L
/
C)f
ors
hi
pment
,di
s
pat
c
hort
ak
i
ngi
nc
har
ge.
Por
torPoi
ntofOr
i
gi
nandPor
torPoi
ntofDest
i
nat
i
on
Thepor
torpoi
ntofor
i
gi
ni
st
hepor
torpl
ac
eofl
oadi
ng,di
s
pat
c
hort
ak
i
ngi
nc
har
ge.Thepor
torpoi
ntofdest
i
nat
i
oni
st
he
por
torpl
ac
eofdi
s
c
har
geordel
i
ver
y.Someoft
heexpr
es
s
i
onst
hatmayappeari
nt
hel
et
t
erofc
r
edi
t(
L
/
C)i
ndi
c
at
i
ngt
heor
i
gi
nand
t
hedes
t
i
nat
i
onar
e:
"
s
hi
pmentf
r
om.
.
.t
o.
.
.
"
"
di
s
pat
c
hf
r
om.
.
.t
o.
.
.
"
"
c
ar
r
i
agef
r
om.
.
.t
o.
.
.
"
"
del
i
ver
yf
r
om.
.
.t
o.
.
.
"
"
f
or
war
df
r
om.
.
.t
o.
.
.
"
"
t
ak
eni
nc
har
geat.
.
.f
ort
r
ans
por
t
at
i
ont
o.
.
.
"
I
npr
ac
t
i
c
e,t
hel
et
t
erofc
r
edi
t(
L
/
C)of
t
eni
ndi
c
at
esani
nc
or
r
ec
tpor
torpoi
ntofor
i
gi
ni
nt
het
r
i
angl
et
r
ade.Forexampl
ei
nt
he
t
r
i
angl
et
r
adepr
es
ent
at
i
on,t
hef
l
owc
har
ts
howst
hatt
het
hi
r
dpar
t
ys
hi
pst
hegoodsdi
r
ec
t
l
yt
ot
hebuyer
.I
ti
si
nc
or
r
ec
ti
ft
hebuyer
s
t
i
pul
at
esi
nt
heL
/
C"
s
hi
pmentf
r
om Os
ak
at
oNew Yor
k
"or"
s
hi
pmentf
r
om Shenz
hent
oNew Yor
k
"
.Shenz
heni
sl
oc
at
edi
nl
and.
Expor
tgoodsf
r
om Shenz
henus
ual
l
yar
edi
s
pat
c
hedf
r
omHongKong.I
ns
uc
hc
as
e,t
hec
or
r
ec
ts
t
i
pul
at
i
onwoul
dbe"
s
hi
pmentf
r
om
HongKongt
oNew Yor
k
"
.Toavoi
dmi
s
t
ak
eands
avet
het
i
meandc
os
tofal
et
t
erofc
r
edi
tamendment
,i
ti
si
mpor
t
antt
oi
ndi
c
at
ei
n
t
heSal
esConf
i
r
mat
i
on(
Pr
oFor
maI
nvoi
c
e)t
hec
or
r
ec
tpor
torpoi
ntofor
i
gi
nandpor
torpoi
ntofdes
t
i
nat
i
on.
Ot
herL/CPar
t
i
cul
ar
s
Conf
i
r
med
(
pl
eas
es
eeConf
i
r
medI
r
r
evoc
abl
ever
s
usUnc
onf
i
r
medI
r
r
evoc
abl
eL
et
t
er
sofCr
edi
t
)
I
r
r
evocabl
e
(
pl
eas
es
eeI
r
r
evoc
abl
ever
s
usRevoc
abl
eL
et
t
er
sofCr
edi
t
)
Tr
ansf
er
abl
e
(
pl
eas
es
eeTr
ans
f
er
abl
ever
s
usNont
r
ans
f
er
abl
eL
et
t
er
sofCr
edi
t
)
Payi
ng,Accept
i
ngorNegot
i
at
i
ngBank
Thenomi
nat
edbankwhi
c
h:
mak
espaymentt
ot
hes
i
ghtdr
af
t
(
s
)dr
awnbyt
hebenef
i
c
i
ar
yi
sk
nownaspayi
ngbank,
ac
c
ept
st
het
er
mdr
af
t
(
s
)dr
awnbyt
hebenef
i
c
i
ar
yi
sk
nownasaccept
i
ngbank,
negot
i
at
est
hedr
af
t
(
s
)and/
ordoc
ument
spr
es
ent
edbyt
hebenef
i
c
i
ar
yorbonaf
i
dehol
deri
sk
nownasnegot
i
at
i
ngbank.
When t
he banknegot
i
at
est
he dr
af
t
(
s
)and/
ordoc
ument
s
,t
hati
s
,t
he negot
i
at
i
on,i
tgi
vesval
ue t
os
uc
h dr
af
t
(
s
)and/
or
doc
ument
s
,notj
us
texami
nat
i
onoft
hedoc
ument
s
.
Par
t
i
alShi
pment
Thepar
t
i
al
shi
pment-par
tshi
pment-i
sal
l
owed,unl
es
sot
her
wi
s
es
t
i
pul
at
edi
nt
heL
/
C.
Whens
hi
pment
sar
emadeondi
f
f
er
entdat
esand/
ordi
f
f
er
entpor
t
sorpoi
nt
sofor
i
gi
n,butt
het
r
ans
por
tdoc
ument
si
ndi
c
at
et
he
s
ame des
t
i
nat
i
onand beart
hes
ame meansofc
onveyanc
ef
ort
he s
amej
our
ney,t
hey ar
enotr
egar
ded asc
over
i
ng par
t
i
al
s
hi
pment
s
.
Whens
hi
pment
sar
emadebypos
torbyc
our
i
er
,i
ft
hepos
tr
ec
ei
pt
sort
hec
our
i
er
'
sr
ec
ei
pt
sbeart
hes
amedat
eandpl
ac
eof
di
s
pat
c
handhavebeenaut
hent
i
c
at
edbyanys
t
amp,s
i
gnat
ur
e,mar
k
,orl
abel
,t
heyar
enotr
egar
dedaspar
t
i
al
s
hi
pment
.
Par
t
i
alShi
pment
Thepr
ef
i
x"
t
r
ans
"meansoverort
ot
heot
hers
i
deof
.Tr
anshi
pmentort
r
ansshi
pment(
wr
i
t
t
enwi
t
ht
wol
et
t
er'
s
'
)-t
r
ansi
t
shi
pment-meansas
hi
pmentdes
t
i
nedt
oapor
torani
nt
er
i
orpoi
nt(
l
oc
at
i
onordepot
)i
sbes
tr
eac
hedbyc
onnec
t
i
ngs
hi
pment
(
s
)
f
r
omot
herpor
t
(
s
)and/
orpoi
nt
(
s
)
.I
ti
st
heunl
oadi
ngandr
el
oadi
ngofc
ar
gof
r
omonemeansofc
onveyanc
et
oanot
her
,i
nt
hes
ame
ordi
f
f
er
entmodesoft
r
ans
por
t
at
i
on,dur
i
ngt
hec
our
s
eofc
ar
r
i
agef
r
om t
hepl
ac
eofs
hi
pmentt
ot
hepl
ac
eofdes
t
i
nat
i
ons
t
i
pul
at
edi
n
t
hel
et
t
erofc
r
edi
t(
L
/
C)
.
Unl
es
sot
her
wi
s
es
t
i
pul
at
edi
nt
heL
/
C,t
r
ans
hi
pmenti
sal
l
owedpr
ovi
dedt
hatt
heent
i
r
ec
ar
r
i
agei
sc
over
edbyoneandt
hes
ame
t
r
ans
por
tdoc
ument
.
Someexpor
t
er
sr
ef
us
et
oac
c
eptt
r
ans
hi
pmentbec
aus
eofabel
i
eft
hati
tc
os
t
smor
eandi
ss
l
owert
hanadi
r
ec
ts
hi
pment
.Some
i
mpor
t
er
shavet
hes
amebel
i
ef
.Cont
r
ar
yt
ot
hi
sbel
i
ef
,byus
i
ngt
r
ans
hi
pmentt
hec
os
tt
oc
er
t
ai
ndes
t
i
nat
i
onsc
anbel
owerandi
tc
an
bef
as
t
ert
hanadi
r
ec
ts
hi
pment
.Fori
ns
t
anc
e,t
hef
r
equenc
yofs
ai
l
i
ngt
oac
er
t
ai
ndes
t
i
nat
i
oni
nadi
r
ec
ts
hi
pmenti
sonc
eever
yt
wo
week
s
,butbyt
r
ans
hi
pmentt
ot
hes
amedes
t
i
nat
i
ont
hef
r
equenc
yofs
ai
l
i
ngc
anbeonc
eort
wi
c
eweek
l
y.Thepoi
nti
ns
uc
han
i
ns
t
anc
ei
st
hatt
hegr
eat
ert
hes
uppl
yt
hel
owert
hec
os
tandt
heear
l
i
ert
hes
hi
pmentt
heear
l
i
ert
hei
mpor
t
ermayr
ec
ei
vet
hegoods
.
I
not
herwor
ds
,t
r
ans
hi
pmentmays
avec
os
tandt
i
me.
Mos
toc
eanf
r
ei
ghtar
ec
ont
ai
ner
i
z
edi
nmoder
ns
hi
ppi
ng.Henc
e,i
nt
er
medi
at
er
el
oadi
ngofc
ar
goi
sel
i
mi
nat
edi
nt
het
r
ans
hi
pment
,
whi
c
hr
educ
est
hec
os
tandt
i
me.
Thet
r
ans
hi
pmentc
har
geus
ual
l
yi
si
nc
l
udedi
nt
het
hr
oughf
r
ei
ghtr
at
es
,butt
hes
hi
ppermus
tver
i
f
ywi
t
ht
hec
ar
r
i
ert
oens
ur
et
hatno
addi
t
i
onal
t
r
ans
hi
pmentc
har
gewi
l
l
bec
ol
l
ec
t
edf
r
omt
hec
ons
i
gnee.
Mul
t
i
l
at
er
al
agr
eement
smak
et
het
r
ans
hi
pmentpos
s
i
bl
e.Wi
t
hwor
l
dwi
det
r
adesandnewt
r
adi
ngpar
t
ner
sont
her
i
s
e,new r
out
esf
or
t
r
ans
hi
pmentwi
l
l
emer
ge.Forexampl
e,t
r
adesbet
weenFarEas
tandCI
S(
Commonweal
t
hofI
ndependentSt
at
esoff
or
merEas
t
er
n
Bl
oc
)
,t
hes
hi
pmentt
r
adi
t
i
onal
l
ypas
s
est
hr
ought
heBl
ac
kSea,butt
het
r
ans
i
tt
i
mei
ss
hor
t
erbyt
r
ans
hi
pmentvi
at
heMi
ddl
eEas
t
c
ount
r
y(
e.
g.I
r
an)
.
Shi
pment
sf
r
omAs
i
aandEur
opet
oCent
r
al
andSout
hAmer
i
c
a,andvi
c
ever
s
a,of
t
enr
equi
r
et
r
ans
hi
pmentatpor
t
si
nNor
t
hAmer
i
c
a.
Fr
ei
ghtPr
epai
dorFr
ei
ghtCol
l
ect
Fr
ei
ghtPr
epai
d
Fr
ei
ghtpr
epai
dmeanst
hef
r
ei
ghthasbeenpai
dorpr
epai
dbyt
hes
hi
pper
.Thet
r
adet
er
msCFR (
C&F)
,CI
F,DAF,CPT,CI
P,
DDU,DDP,DES,andDEQr
equi
r
eapr
epaymentoft
hec
os
tofmai
nc
ar
r
i
age.
I
napr
epai
ddel
i
ver
y,t
hel
et
t
erofc
r
edi
t(
L
/
C)nor
mal
l
yr
equi
r
est
hatt
hewor
ds"
Fr
ei
ghtPr
epai
d"bemar
k
edont
hebi
l
lofl
adi
ng
(
B/
L
)
,c
l
ear
l
yi
ndi
c
at
i
ngpaymentorpr
epaymentoff
r
ei
ghtatpor
t(
orpoi
nt
)ofor
i
gi
n.Themar
kmayappearbys
t
amporbei
ndi
c
at
ed
byot
hermeans
.Thewor
ds"
f
r
ei
ghtt
obepr
epai
d"or"
f
r
ei
ghtpr
epayabl
e"ors
i
mi
l
arwor
di
ngt
hatmayappearont
heB/
Ldo
notpr
ovet
hatt
hef
r
ei
ghthasbeenpai
d.
I
napr
epai
ddel
i
ver
ybyac
our
i
er
,t
het
r
ans
por
tdoc
ument(
i
.
e.
,t
hecour
i
er
'
sr
ecei
pt
)i
s
s
uedbyac
our
i
erorexpedi
t
eddel
i
ver
y
s
er
vi
c
emus
ts
howt
hatt
hec
our
i
erc
har
geshavebeenpai
dorpr
epai
dbyt
hes
hi
pper
.
Fr
ei
ghtCol
l
ect
Fr
ei
ghtcol
l
ectmeanst
hatt
hef
r
ei
ghts
t
i
l
lhast
obepai
dbyt
hec
ons
i
gnee.Thet
r
adet
er
msFOB,FAS,EXW,andFCA r
equi
r
ea
c
ol
l
ec
t
i
onoft
hec
os
toft
hemai
nc
ar
r
i
age.
I
nac
ol
l
ec
tdel
i
ver
y,t
hel
et
t
erofc
r
edi
t(
L
/
C)nor
mal
l
yr
equi
r
est
hatt
hewor
ds"
Fr
ei
ghtCol
l
ect
"bemar
k
edont
hebi
l
lofl
adi
ng,
c
l
ear
l
yi
ndi
c
at
i
ngf
r
ei
ghtpayabl
eatdes
t
i
nat
i
on.Themar
kmayappearbys
t
amporbei
ndi
c
at
edbyot
hermeans
.
Ac
ol
l
ec
t
i
onc
har
geus
ual
l
yi
si
nc
l
udedi
nt
hef
r
ei
ghtr
at
eori
sc
ol
l
ec
t
eds
epar
at
el
y.Henc
e,t
hef
r
ei
ghtc
har
gedonac
ol
l
ec
tbas
i
si
s
nor
mal
l
yhi
ghert
hanonapr
epai
dbas
i
s
.

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