2006-11-19 17:53:07 · 6 answers · asked by jimkishi 1 in Business & Finance ➔ Insurance
I am assuming that your question deals with the passage of title and risk of loss. A COD shipment can be either FOB shipping point or FOB destination. (FOB means Free on Board).
If it is FOB shipping point, then the title to the goods passes when it gets into the carriers hands and the buyer is at risk for any damage or loss caused by the carrier and must file its own claim against the carrier. The buyer is also responsible for freight and insurance costs from the time the goods pass to the carrier.
If the shipment is made FOB destination, then title does not pass from the buyer to the seller until it is delivered to the seller and all risks and costs belong to the seller until the delivery is made.
2006-11-20 06:25:00 · answer #1 · answered by Andreas 3 · 1⤊ 1⤋
COD, Cash On Delivery. Means that the person receiving the package pays whatever amount is due, this will usually include the shipping fees. If it was sent FedEx overnight they are paying just about the highest shipping fee possible.
2006-11-20 02:08:14 · answer #2 · answered by CJS 4 · 0⤊ 2⤋
COD - collect on delivery - is Usually by postal Service only, i think -
you pay for the item, the postage to mail it, and the special fee to collect the money
2006-11-20 01:55:41 · answer #3 · answered by tom4bucs 7 · 0⤊ 2⤋
Cash On Delivery. You pay for the postage when you get the package.
2006-11-20 01:55:31 · answer #4 · answered by sweet.pjs1 5 · 0⤊ 2⤋
Your question makes no sense, please clarify?! C O D means "Collect on delivery" Meaning, the delivery person gives you the package when you pay for it. Here's the information you are looking for regarding Federal Express in particular:
http://www.fedex.com/us/services/options/ground/cod.html
2006-11-20 01:55:34 · answer #5 · answered by ladyw900ldriver 5 · 1⤊ 1⤋
COD means CASH ON DELIVERY, meaning you pay for your item when you receive it or when you buy it, non-account transaction.
postage payment is optional, depends if you agreed to it or not.
2006-11-20 01:55:26 · answer #6 · answered by GhandiDahandi 3 · 1⤊ 2⤋