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What are the advantages of having a freight insurance?
The main advantage for having freight insurance is that if anything goes wrong or goods are damaged on arrival the cost will be covered. Gives one peace of mind.
What is the difference between freight collect and freight prepaid?
freight prepaid is the shipper pays the freight cost and freight collect is the consignee whom burdens for the cost related.
For cost and insurance incoterm will it be freight prepaid or freight collect?
In cost and insurance it will be ''Freight Collect'' but if party require as '' Freight Prepaid'' then use CIF incoterms.
What is the freight term CIF?
Cost insurance Freight
Would a Freight broker carry insurance and what is the cost?
freight broker insurance what does it cost
In computing the cost of merchandise sold does freight increase or decrease the cost?
Freight costs are added to the cost of the merchandise. The total is typically referred to as the "landed" cost of the product.
What is Freight In and Freight Out?
Freight in is the transportation cost associated with the delivery of goods from a supplier to the receiving entity.Freight out is the transportation cost associated with the delivery of goods from a supplier to its customers. This cost should be charged to expense as incurred and recorded within the cost of goods sold classification on the income statement.
Is freight in a variable of fixed cost?
Variable
Is cnf cheaper than cif?
yes, in CNF , only cost of the material and freight are included. in CIF- cost , insurrance and freight of material are included
Is freight out deductible to purchases or added?
If you are talking about "purchases," I believe you then are dealing with the "freight-in" issue, rather than the "freight-out" issue. Freight-out only applies to the seller, not the purchaser. And, yes, you should treat freight-in as part of the purchase cost.
Does freight prepaid and freight collect mean the same thing?
No. Freight Prepaid means either the freight is being paid for in the price of the product or being added as a separate line item to the total order. Using prepaid freight the vendor/supplier is compensationg the carrier for the cost. Freight collect means the carrier will bill the consignee for the freight cost. i.e. your account number. To determine which way is the most cost effective depends on the rates you can get vs the rates the vendor will charge. Keep in mind that just because a vendor has a more favorable rate, that does not mean they will pass those cost on to you.
What is CNF PRICE?
CNF means "cost and freight"
