8/15/2023 0 Comments Prepaid orders means![]() ![]() NOTE: You will sometimes see the term “Freight Allowed” which means the seller pays the freight bill and absorbs the costs. Purchasing Services normally recommends that purchase orders and quotations spell out “FOB: Destination Freight Prepaid and Allowed.” However, there may be times when accepting a lower bid requires that we pay the shipping costs and accept the risk of loss for merchandise in transit.ĬOMMONLY-USED SHIPPING TERMS AND THEIR IMPLICATIONS The ICC terms for international shipments can be used, but are less common for domestic. If you are shipping or receiving domestically (within the United States), FOB terms are still common and acceptable. If you are shipping or receiving internationally, we suggested reviewing the International Chamber of Commerce’s website to align on the appropriate term – ICC’s Incoterm® Rules 2010.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |