Ads
related to: fob shipping terms buyer pays freight company phone number birmingham post office
Search results
Results From The WOW.Com Content Network
FOB (free on board) is a term in international commercial law specifying at what point respective obligations, costs, and risk involved in the delivery of goods shift from the seller to the buyer under the Incoterms standard published by the International Chamber of Commerce. FOB is only used in non-containerized sea freight or inland waterway ...
FOB Origin or FOB Destination can be followed by Freight terms: "Freight Prepaid" or "Freight Collect". "Prepaid" means the vendor pays freight and "Collect" means the buyer pays freight. Be careful: You should use the INCOTERM CFR: Cost of Freight (Named Port), CIF - Cost of Insurance and Freight and CIP: Carriage, Insurance Paid (Named Port).
Uniform delivered pricing is the opposite of the FOB origin pricing, as the same price is quoted to all customers. The transportation costs are averaged across all buyers, and the nearby customers are in effect subsidizing the faraway ones (paying more for the delivery than it costs the seller, the difference is called the phantom freight).
On the other hand, the buyer pays cost of marine freight transportation, bill of lading fees, insurance, unloading and transportation cost from the arrival port to destination. Since Incoterms 1980 introduced the Incoterm FCA, FOB should only be used for non-containerized seafreight and inland waterway transport.
The Dutch word "lading" has exactly the same meaning (freight, cargo, an amount of transportable goods) as it has in the English "bill of lading", but is not restricted to shipping. [16] Under English law, the Carriage of Goods by Sea Act 1992 provides that the term "bill of lading" includes a "received-for-shipment" bill of lading issued by ...
Cost, Insurance and Freight; F. FOB (shipping) I. Incoterms This page was ... additional terms may apply. By using this site, ...
A shipping method is determined by evaluating three factors: time, cost, and product characteristics. While shipping by sea could take longer than shipping by air, the latter is generally more expensive. Shipping by rail could also be complemented by piggybacking the freight onto a truck so it can be delivered to the receiver. [1]
Transport portal; This article is within the scope of WikiProject Transport, a collaborative effort to improve the coverage of articles related to Transport on Wikipedia. If you would like to participate, please visit the project page, where you can join the discussion and see a list of open tasks.