1)What does FOB mean in a shipping term? & What is mean by FOB price?
2)What is the difference between CIF and CNF in shipping terms?
3)What is the difference between FCL and LCL?
In order to find Out the answers of these questions read Below:
1. FOB (Free On Board):
FOB means Free On Board Or Freight On Board. FOB origin indicates that consignee owns the goods in transit; The cost of movement of goods on board of Airlines or on the board of ship is borne by the seller. Rest of all expenses to arrive the goods at buyer's premise has to be met by the buyer.
Free on board(freight on board) price means a price which includes goods plus the services of loading those goods onto some vehicle or vessel at a named location, sometimes put in parentheses after the f.o.b.
2. CIF And CNF Shipping Terms:
CIF Shipping Term: Under CIF terms of delivery in export business, Cost Insurance and Freight included in the selling cost of goods. In Short, all delivery expenses up to predetermined destination is borne by the Seller (Exporter).
CNF Shipping Term: The term CNF or CFR ( Cost and Freight shipping terms) mean seller pay for the freight and cost to the destination port. It means that the seller pays for transportation to the Port of Loading (POL).
Let's have a look on below example to understand the C&F terms of delivery Clearly.
Let suppose you are a garments seller situated in Pakistan. The buyer is situated in Los Angeles. You are the seller of goods and you have contracted with the buyer and agreed to sell the goods on C&F Los Angeles price of USD 56,000. Here the selling cost of goods is USD 56,000, C&F Los Angeles. Here the seller(exporter) arrange to carry the goods to port and meet all expenses including customs clearance and pays the ocean freight or air freight up to Los Angeles. In this case, the seller decides the shipping company or airlines to move goods from Karachi to Los Angeles, as he is paying the freight of consignment. In other words, all delivery expenses up to Los Angeles is borne by the seller. The buyer takes delivery of cargo after customs clearance in Los Angeles at his own cost. Insurance of the goods is met by the buyer in case of the C&F transaction.
3. FCL and LCL Difference:
FCL (Full Container-Load): An ocean-shipping and intermodal industry term; a full container(Twenty or Forty-Foot) load shipment is when a shipper contracts for the transportation of an entire container. The vast majority of intermodal and ocean freight is contracted in this manner. Historically, FCL also stands for full carload which is the primary business of all modern railroads and is the railroad equivalent of TL trucking.
LCL (Less-Than-Container Load): An ocean-shipping and intermodal industry term; LTL equivalent in container shipping. Container freight stations at ports serve as consolidation and deconsolidation terminals. Historically, LCL also stands for less-than-carload. Before the prominence of interstate trucking, railroads offered less-than-carload (LCL) service but this business has largely disappeared.
shipping terms cfr means,
shipping terms cnf,
shipping terms dap and ddp,
shipping terms fca shipping point,
shipping terms fob
A trigger is a named PL/SQL unit that is stored in the database and executed ( fired ) in response to a specified event that occurs in the database.
Overview of Triggers.
A trigger is a named program unit that is stored in the database and fired (executed) in response to a specified event. The specified event is associated with either a table, a view, a schema, or the database, and it is one of the following:
A database manipulation (DML) statement ( DELETE , INSERT , or UPDATE )
A database definition (DDL) statement ( CREATE , ALTER , or DROP )
A database operation ( SERVERERROR , LOGON , LOGOFF , STARTUP , or SHUTDOWN )
The trigger is said to be defined on the table, view, schema, or database.
A DML trigger is fired by a DML statement, a DDL trigger is fired by a DDL statement, a DELETE trigger is fired by a DELETE statement, and so on.
An INSTEAD OF trigger is a DML trigger that is defined on a view (not a table). The database fires the INSTEAD OF trigger instead of executing the triggering DML statement. For more information, see Modifying Complex Views (INSTEAD OF Triggers).
A system trigger is defined on a schema or the database. A trigger defined on a schema fires for each event associated with the owner of the schema (the current user). A trigger defined on a database fires for each event associated with all users.
A simple trigger can fire at exactly one of the following timing points :
Before the triggering statement executes.
After the triggering statement executes.
Before each row that the triggering statement affects.
After each row that the triggering statement affects.
A compound trigger can fire at more than one timing point. Compound triggers make it easier to program an approach where you want the actions you implement for the various timing points to share common data. For more information, see Compound Triggers.