CO（Certificate of Origin）——原产地证明，Inspection Certificate——检验证书，HS Code（Harmonized System Code）——海关编码，Incoterms——国际贸易术语解释通则，Quotation——报价单，Order——订单，Sales Contract——销售合同。
The two main types of FOB shipping are FOB origin (also known as FOB shipping point) and FOB destination. Here's how they work: FOB destination Under the Incoterms, FOB destination means that the seller retains ownership of the goods and is responsible for the goods until they reach the...
Free on Board (FOB) Shipping Terms Process for FOB Incoterms 2020 is as follows: The place of delivering the goods before shipment is agreed upon by both the parties. In FOB, the seller is responsible from the point of origin i.e. maintaining goods and transporting them till the delivery...
Also, the shipping point may also be known as ‘place of origin.’ Example: Who pays for what if ‘Free On Board (shipping point) Freight Collect’ terms are used? When place of origin/freight collect is commonly used, the vendor will pay for the elements required to get the goods ...
This could be the port of origin or the destination port. The stated location determines who is responsible for goods during transit. When the destination is the origin port, it’s known as the FOB shipping point. When the destination port is the location, it’s known as the FOB ...
5. What obligations does the buyer have in terms of FOB Origin? 6. What steps can buyers take to reduce the risks connected to FOB Origin? Conclusion For Further Reading Chapter 1. What does the shipping term “free on board” (FOB) mean? Everything you need to know ...
The FOB shipping terms have several subcategories, and each one has a different meaning. FOB [place of origin], Freight Collect FOB [place of origin], Freight Prepaid FOB [place of destination], Freight Collect FOB [place of destination], Freight Prepaid ...
Origin Terminal Handling Charges: The seller is responsible for OTHC. Loading on Carriage: The seller is responsible for the costs incurred to load the cargo onto the carriage. What are the Buyers Responsibilities? When a buyer agrees to purchase goods under the Incoterms of FOB, they consent...
There are two main types of FOB terms in shipping: FOB destination and FOB shipping point (or FOB origin). FOB Destination When a shipment is designated FOB destination, the buyer is responsible for any damage, loss, and cost of shipping the goods until they reach the seller's port. For...
FOB Origin means the buyer assumes all risk once the seller ships the product. FOB Destination means the seller retains the risk of loss until the goods reach the buyer. FOB terms impact inventory, shipping, and insurance costs. Xiaojie Liu / Investopedia ...