Logistics

The essence of getting a product is to have the product transported. 24Tradez provides a service of getting the product to the determined destination. This could be a port or refinery where the product needs to be shipped out to. If a buyer wants to arrange the transport by themselves they can take over the products in the designated port of preference. 

The most common choices are as following:

  • Cost, Insurance and freight (CIF): in this case the seller arranges transport and has responsibility until it is delivered at the final destination port. 
  • Free on board (FOB): this type of delivery is used when the buyer has a preference of shipping the product by themselves. Also it is more common when the buyer wants to inspect at the port where they can arrange transport by themselves. For example FOB Rotterdam or FOB Houston.