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means it 'll be paid by the consinee before being shipped
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∙ 11y ago
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Freight prepaid abroad?
It meams that the freight will be prepaid but not at country of origin of goods and yes at another country. For exemple the prepaid freight payment, can be made at destination of the goods.
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.)
Do you capitalize freight charges on equipment?
No. Freight charges are an expense item.
Is Prepaid expenses considered a nominal account?
Yes, prepaid expenses should be a nominal account. Prepaid expenses are not assigned to a particular organization, but rather a category.
Is prepaid loan cost is intangible?
It is a prepaid expense to be expensed over time. Not an intangible.
What is the difference between freight prepaid abroad and freight prepaid?
what is the difference between freight prepaid and freight prepaid abroad
How calculate freight prepaid by item?
freight prepaid by item calculation
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.
Freight prepaid abroad?
It meams that the freight will be prepaid but not at country of origin of goods and yes at another country. For exemple the prepaid freight payment, can be made at destination of the goods.
Differentiate freight prepaid and freight collect?
Prepaid= who ever is shipping Collect =who ever it is delivered to
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.
Should be the words freight prepaid be capitalized?
No. It's not necessary.
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 Freight prepaid and add?
Prepaid & Add means the shipper, or supplier, will prepay the freight and add the shipping cost to the quote or purchase order from the customer. The customer approves these terms so the purchase order can be issued and approved without knowing in advance the exact shipping charges.
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 is the meaning prepaid shipment?
Air or ocean freight charges that are paid at the port of origin or loading, and are billed to the importer in the exporter's invoice. It is not refundable even if the shipment fails to arrive at its destination. Also called advance freight. See also cost and freight (C&F) and cost, insurance, freight (CIF).
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.)
