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What is meant by freight - paid basis?
This is FOB - free on bond - the seller pay all taxes for the transport, storage, customs etc.
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 the journal entry for Freight paid in full with a check?
freight a/c dr to cash
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.)
How do you say freight paid to destination?
The term "freight paid to destination" is often abbreviated as "Freight Prepaid" (PP) in shipping and logistics. This indicates that the seller is responsible for all transportation costs to deliver the goods to a specified destination. The buyer typically does not incur any freight charges under this arrangement.
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.
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
WHAT IS FREIGHT PAID?
Freight paid refers to the cost of transporting goods from one location to another, which is typically covered by the seller or shipper. This term can also indicate the payment arrangement where the seller assumes responsibility for shipping costs until the goods reach the buyer. In shipping documents, it may specify that the freight charges are prepaid, meaning they are settled before shipment. Understanding freight paid is essential for both parties in a transaction to clarify shipping responsibilities and costs.
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.
Is Lunchtime paid when paid on hourly rate basis?
No, not usually. But, it is at the disgression of your employer.
