How do I have the buyer understand that they are to pay for all shipping?
2006-12-04 12:47:03 · 7 answers · asked by CRAIG C 1 in Business & Finance ➔ Other - Business & Finance
for fresh new koreans off the plane half the world away, we call them fobs fresh off the boat...of course there are other acronyms
2006-12-04 12:50:11 · answer #1 · answered by krngooksoo5968 2 · 0⤊ 0⤋
No, FOB means free on board. This is one of the INCOTERMS (International Commercial Terms) 2000 used in International Trade. Basically it means that the exporter (seller) is responsible for shipping the importer's (buyer's) products from exporter's warehouse to the named marine vessle. Once the goods pass the ships rail on loading the risk transfers from buyer to seller. Now the Importer is responsible for the risk and transportation of the goods to his or her warehouse. This is most commonly mis-used in U.S.-Canada trade, many businesses use FOB for truck shipments where as FOB can technically only be used for Marine Shipments. All INCOTERMS are all outlined by the International Chamber of Commerce
2006-12-04 21:18:11 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Free on Board
FOB
FOB. A shipping term which indicates that the supplier pays the shipping costs (and usually also the insurance costs) from the point of manufacture to a specified destination, at which point the buyer takes responsibility.
2006-12-04 21:10:54 · answer #3 · answered by MaryinRed12 2 · 0⤊ 1⤋
Nope. It stand for "Free on Board", and means shipper pays for transportation to the shipping company (literally to the ship, i.e., on board the ship). After that point, all the risk and expense falls to the buyer (i.e., if item is damaged in transit).
2006-12-04 20:51:03 · answer #4 · answered by TheSlayor 5 · 0⤊ 1⤋
F.O.B means freight on board,, if you want consignee(buyer) to pay freight simply state shipping Freight COLLECT
2006-12-04 20:51:48 · answer #5 · answered by mark j 3 · 1⤊ 0⤋
Yes, you are right, I deal with FOB's all the time. Just make sure it is clearly stated in your invoice, and what it means. Sometimes the consumer does not understand.
2006-12-04 20:58:47 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Essentually, yes; actually "Free On Board"
2006-12-04 20:50:18 · answer #7 · answered by odell4260 1 · 0⤊ 1⤋