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This is FOB - free on bond - the seller pay all taxes for the transport, storage, customs etc.
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∙ 8y ago
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What is meant by FCCOD?
FCCOD means freight charges collect on delivery. In other words, the freight bill needs to be paid when the goods are delivered. It is similar to COD but it is only for the freight or delivery charge.
What are the differentiate freight-in from freight out?
Frieght in is when paid at time of goods purchased while freight out is when paid at the time of sales of products.
What is meant by origin?
fREIGHT oN bOARD
What is the journal entry for Freight paid in full with a check?
freight a/c dr to cash
What is meant by fob origin?
fREIGHT oN bOARD
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.)
Who pays bill of lading?
The collect billing of lading is paid by the consignee at the destination. In case the freight is moved through a freight forwarder, the goods will be collected by the freight forwarder at destination after paying the freight charges. The same will then be billed to the consignee at destination.
What is freight prepaid?
means it 'll be paid by the consinee before being shipped
A worker who is paid on the basis of the number of computer components produced per day is said to be paid on?
A piece-rate basis
Do truckers get paid for weight?
Truckers do not get paid by weight they haul. The drivers are paid by the miles they drive. However, if a trucker is the owner and operator, he may get paid by the companies he delivers for, meaning he WOULD get paid for weight of freight.
What is meant by recourse factoring?
Recourse factoring is the right to receive payment of debt from the seller of the receivable. In general, any right to a certain free, and most often the right of the person who has paid something to the return of what has been paid on the basis of a legal relationship.
Is Lunchtime paid when paid on hourly rate basis?
No, not usually. But, it is at the disgression of your employer.
