Understanding FOB and CIF in Used Car Exports
Understanding FOB and CIF in Used Car Exports What do FOB and CIF mean when shipping? FOB stands for “Free On Board” which means that the seller's responsibility for the goods ends when they are on the shipping vessel. CIF stands for “Cost, Insurance, and Freight.” This means the seller is responsible for the goods […]
The Great East Japan Earthquake and Its Impact
Approximately 130 kilometers southeast of Oshika Peninsula in Miyagi Prefecture, with a depth of about 24 kilometers. This earthquake resulted in an unprecedented catastrophe across Japan. Massive Tsunami and Devastation The maximum tsunami recorded was 40.5 meters, the largest ever observed in Japan, with waves over 10 meters repeatedly striking other regions. Buildings, vehicles, and […]