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If buyer pays the freight cost of delivering merchandise what is the delivery term?
Wiki User
∙ 13y ago
Free On Board Destination (FOB Destination). This means that the seller pays the the freight costs from the shipping point to the buyer's final destination.
Wiki User
∙ 13y ago
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What is the term if the buyer is to pay the freight cost of delivering merchandise?
FOB Destination
If the buyer is to pay the transportation coats of delivering merchandise delivery terms are stated as?
FOB Shipping point
What is the meaning of delivery on FOR basis?
The full form of "FOR' is Free on Railway. That means the buyer has to pay railway freight at destination.
What does CNF and FOB mean in shipping terms?
FOB means Freight on BoardCFR (Cost and Freight)This term formerly known as CNF (C&F) defines two distinct and separate responsibilities-one is dealing with the actual cost of merchandise "C" and the other "F" refers to the freight charges to a predetermined destination point. It is the shipper/seller's responsibility to get goods from their door to the port of destination. "Delivery" is accomplished at this time. It is the buyer's responsibility to cover insurance from the port of origin or port of shipment to buyer's door. Given that the shipper is responsible for transportation, the shipper also chooses the forwarder.
When a buyer returns merchandise purchased for cash the buyer may record th transaction using?
when a buyer returns merchandise purchased for cash, the buyer may record the transaction using the following entry
What does CIF and CNF mean in shipping terms?
CIF m mean is: the seller pay the Cost, insurance and freight to distance port. CIF means the buyer insures the goods for the maritime phase of the voyage, the shipper/seller will insure the merchandise. In this arrangement, the seller usually chooses the forwarder. "Delivery" as above, is accomplished at the port of destination.
When a buyer returns merchandise purchased for cash the buyer may record the transaction using the following entry?
debit cash; credit merchandise inventory
Which of the following items will increase inventoriable costs for the buyer of goods?
freight charges paid by the buyer
If the title to merchandise purchases passes to the buyer when the goods are delivered to the buyer the terms are?
FOB destination
Does fob mill mean the shipper pays the freight or the buyer?
I am guessing "freight on board" which means loaded but not transported.
Was landed duty paid ever an incoterm?
No landed duty paid has never been an incoterm. Delivery duty paid is an incoterm and it means the seller is responsible for delivering and paying for shipping goods to buyer.
Prepay and add mean?
Prepay and add refers to the shipping charges on an invoice. The Seller pays freight charges and adds to invoice. Title and control of the goods passes to the buyer when the carrier signs for the goods at the shipping point (origin) So, the Seller pays freight and bills them to the Buyer who bears the freight charges, the Buyer owns the goods in transit, and the Buyer files any necessary claims.
