Port of Shipment

Port of Shipment refers to the port stipulated in an international trade contract where the goods are actually loaded and shipped, usually corresponding to the Port of Destination. Under commonly used trade terms such as FOB, CFR, and CIF, the Port of Shipment is the place where the seller fulfills the delivery obligation and is also the key point for dividing risk, costs, and responsibilities. Scenarios of use include: sales contracts, letters of credit, transport documents, insurance policies, etc. Points to note: 1. The Port of Shipment should be clearly and specifically defined, avoiding vague expressions such as "major Chinese ports" to prevent disputes; 2. Under FOB terms, the buyer is responsible for chartering and booking space, while the seller must deliver the goods at the agreed Port of Shipment on time; 3. If the letter of credit specifies the Port of Shipment, the actual Port of Shipment must be consistent; otherwise, it may constitute a discrepancy; 4. Unlike the "Port of Delivery," the Port of Shipment emphasizes the port where the goods are loaded and shipped, rather than the final place of delivery; 5. It should be distinguished from the "Port of Destination," which is the port where the goods are unloaded. Accurately stipulating the Port of Shipment helps clarify responsibilities and control logistics costs and risks.