FCA ~ Free Carrier. A term for a price quotation under which  the exporter fulfills his obligation to deliever when the good, cleared for export, are handed over the charge of the carrier named by the importer, at the name place or point. This term may be used for any mode of transport. 

FOB ~ Free on Board. A term for a price quotation under which the exporter fulfills his obligation to deliver when the goods have passed over the ship's rail at the names port of shipment. This term may only be used for sea or inland waterway transport. 

CFR or C&F ~ Cost and Freight. A term for a price quotation under which the seller must pay the costs and freight necessary to bring the goods to the names port of destination. The term can only be used for sea and inland waterways modes of transportation. 

CPT ~ Carriage Paid To. A term for a price quotation under which the seller pays the costs and freight for the damage of the goods to the named port of destination. The term can only be used for sea and inland waterway modes of transportation. 

CIF ~ Cost, Insurance and Freight. A term for a price the seller must pay the costs, freight and premium for procurement of marine insurance necessary to bring the goods to the names port of destination. This term can only be used for sea and inland waterway transport. 

CIP ~ Carriage and Insurance Paid To. A term for a price quotation under which the seller pays the costs and freight and premium for procurement of cargo insurance necessary to bring the goods to the name place of destination. This term may be used for any mode of transport. 

Cash Letter ~ Our Bank's has established arrangements with several foreign correspondent banks to receive on a daily basis cash letters which contain checks  in major foreign currencies drawn on foreign banks. Availability of funds is generally two business days. Exchange rates are very competitive and can be quoted for individual items of U.S. $10,000 equivalent or more. 

Foreign Draft ~ Foreign drafts are checks drawn either in U.S. dollars or foreign funds on an account at our bank with established foreign correspondent banks. Foreign drafts are extremely useful when paying funds to foreign vendors as funds are immediately available for the vendor. Additionally, bank fees are less than wire transfers. 

International Wire Transfers ~ Speed and accuracy are extremely important when receiving large transfer from foreign locations. Our bank has a large network of foreign correspondent banks which holds U.S. dollar deposits with us. This allow us to receive funds directly from most banks thereby eliminating third-party intermediary banks which add time and expense to your transfers.