Freight: your place or mine? FOB origin or destination: do these terms have any real meaning in the supply chain?(News)Klancer, Pat
FOB Origin vs. FOB Destination FOB Origin and FOB Destination are two terms that are often misunderstood and confused to mean the same thing. To understand their nature individually, you will be explained and explained in detail. Here are the importance of two important concepts in the logistics...
FOB Origin vs Destination: Who pays for shipping to port in FOB? It depends on the specifications modifying the FOB Incoterm. These specifications define who will pay for shipping costs and shipping to the port on FOB, as well as who is responsible for loading, unloading and customs. ...
Free on Board shipping can be either “Origin” or “Destination”. When we refer to an FOB Origin, it means that as soon as the buyer pays, the carrier signs the Bill of Lading, and control (and ownership) of the goods is passed to the buyer. This means that any risks during trans...
FOB Origin vs. FOB Destination These two terms can be a little confusing at times. However, we will give you a more detailed explanation of both. FOB Origin Well, when an order is labeled as FOB Origin it simply means that any transfer of responsibility or ownership happens only when the...
, your responsibility as the importer isfreight,cost of arrival and delivery. This means that any problems at the origin will be the responsibility of your supplier in China. However, with EXW, you are responsible for any problems and unexpected expenses - both at the origin and destination....
In this scenario, the seller pays for shipping, but the buyer retains responsibility once the goods are at the point of origin. The seller intends to bill the customer back for freight shipment payments, which may be added to an existing invoice or presented separately. ...
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In FOB shipping point agreements, the seller pays all transportation costs and fees to get the goods to the port of origin. Once the goods are at the point of origin and on the transportation vessel, the buyer is financially responsible for costs to transport the goods, ...
FOB Origin, they decided to go forward this way. However, if the seller wants to minimize risk and offer a complete service (including delivery), FOB Destination would be a better option