Flomic Global Logistics Customer Service Executive Interview Questions and Answers

FOB stands for Free On Board and EXW stands for Ex Works.

• FOB is a shipping term where the seller is responsible for the goods until they are loaded onto the vessel at the port of shipment.

• EXW is a shipping term where the seller makes the goods available at their premises and the buyer is responsible for all transportation costs.

B/L stands for Bill of Lading, a document issued by a carrier to acknowledge receipt of cargo for shipment.

• B/L is a legal document between the shipper of goods and the carrier detailing the type, quantity, and destination of the goods being carried.

• It serves as a receipt of goods, a contract of carriage, and a document of title.

• B/L is essential for international trade as it acts as proof of ownership of the goods and f...read more