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What is a feight recovery?
This refers to over payment from freight carriers. It can also mean literally recovery of freight or items found that had previously been lost.
What is the difference between freight payable as per charter party with freight prepaid?
As to freight paid as per charter-party it generally mean that freight is payable at the rate mentioned in the charter-party. So the difference is that advance freight is the freight paid in advace and freight paid as per c/p is a phrase in B/L (bill of lading) referring to rate and way of payment of freight (i.e. to which bank, by money transfer or in cash, within how many working days, etc.)
What is D P at sight?
Wt do you mean Payment Terms 100% DP at Sigjht
What is collect payment mean?
Collection payment refers to the process of receiving payment from customers or clients for goods or services provided. This can include various methods of payment, such as cash, checks, credit card transactions, or electronic transfers. It is an important aspect of managing a business's cash flow and ensuring that outstanding invoices are paid promptly
What does ctx mean in banking terms?
In banking terms, CTX refers to Corporate Trade Exchange. CTX is a transfer system used corporations and governmental agencies. The CTX format allows for a payment to several parties with a single funds transfer.
What does payment term prepaid mean?
Prepayments are amounts paid for by a business in advance of the goods or services being received later on. Any payment made in advance can be considered a prepayment. A prepayment is not dissimilar to a deposit, but generally falls under a more set time period for fulfillment of the goods or service purchased.
What does terms of PAD mean in shipping?
I am looking what does mean PAD in Shipping freight terms
What does CFS mean in shipping terms?
CF means cargo and freight in shipping terms. The person who is selling goods pay for the cost of the goods and freight charges. CF has been replaced with CFR.
What does FPAD mean in aerospace terms?
In air freight terms it would mean Freight Payable at Destination. Not at all sure how that ties in with Aerospace since those at the destination of aerospace deliveries are usually not in any position to pay the huge freight costs!
What does FYI mean in airfreight terms?
for your information i am transporting freight by air.
What is a feight recovery?
This refers to over payment from freight carriers. It can also mean literally recovery of freight or items found that had previously been lost.
What does ROG mean in payment terms?
Payment is required on Release Of Goods
What does COD mean in payment terms?
Cash on Delivery
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 the meaning of payment terms LOL?
Lol mean laugh out loud that it mean
What does the mean of M30 payment terms?
Payable in 30 days
What does it mean by C and F in shipping terms?
C is for cost (value before shipping) and F is for freight/shipping.
