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FCA means Free Carrier (at named place): seller hands the goods over to buyer's designated carrier (pre-cleared for export) at the named place. This term is applicable to goods for transport by air, rail, road and containerised/multi-modal transport. Cost and risk change from buyer to seller as soon as the goods are accepted and signed for by the buyer's designated carrier. FOB means Free On Board (at named loading port): technically, the seller must load the goods on board the ship designated by the buyer, with cost and risk changing from buyer to seller as the goods pass over the imaginary vertical line defined by the ship's rail. This term is only applicable for Maritime transport, and is often misapplied for the terms FCA or FAS.
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What is the precise definition of business transaction terms EX-SITE LOT LOC EX-WORKS FOB?
The full list of definitions, conditions and differences between FOB vs EX-WORKS vs LOT is in the complete INCOTERMS 2000, International Chamber of Commerce http://www.telecom.gov.sk/index/open_file.php?file=doprava/kombi/wallchart.pdf Individual items description here: http://www.iccwbo.org/incoterms/id3040/index.html The most useful, practical table who is responsible for what is here: http://www.i-b-t.net/incoterms.html EX-SITE: should be the same as EX-WORKS, usually it means you buy an object that you have to remove from the location yourself - always make sure what state is it in. LOT: as FCA, loaded on truck LOC: as FCA, loaded on container EX-WORKS: (EXW) warehouse storage, labour, packing is supplied by the seller. From loading and transport it is the responsibility of the buyer. In case the item sold is not specifically said to be packed, always make sure what state it will be left in when you buy it. FCA: unloaded at the seller's dock OR a named place where shipment is available to the international carrier or agent, not loaded. FOB: means that the delivery of the sold item is in responsibility of the seller up to a given point when the sold item is loaded on a ship, but buyer pays for the transport, example: FOB harbour Puerto-Poillo -> from that point onwards the buyer is responsible for transport and insurance.
What is the difference between price strategy and price tactics?
A price strategy defines the initial price and gives direction for price movements over the product life cycle. The price policy is a strategy set for a specific market segment, based on a well-defined positioning strategy. Price tactics used to fine-tune a base price are the following: discounts (such as cash, quantity, and functional or seasonal discounts); allowances (such as promotional allowances); and rebates. All three are ways to induce buyers to do something they might otherwise not do. Geographic pricing tactics (such as FOB origin, uniform delivered, zone, freight absorption, and basing-point pricing) all moderate the impact of shipping charges as a portion of the product price. Special pricing tactics (such as single-price tactics, flexible pricing, price lining, professional services pricing, leader pricing, odd-even pricing, bait pricing, price bundling, and two-part pricing) can be used for a variety of reasons. For example, a business might decide to introduce a new product at a high skimming price, but use some price tactics such as rebates or freight absorption to induce trial.
In import shipping term if fob London airport is correct?
It should be FCA- London airport
What is the difference between FOB destination and FOB shipping point?
FOB (Freight On Board) Destination and FOB Shipping specifies whether the buyer or seller owns the goods, and therefore, who pays for the shipping and includes the items in their inventory. FOB Destination means that the seller owns the goods until the buyer receives them. Therefore, the seller pays the shipping costs. FOB Shipping means that the buyer owns the goods once they are shipped. Therefore, the buyer pays the shipping costs.
What is diff between FOR Price and X Works price?
There are several differences between FOB price and EX Works prices. The biggest difference between the two is that FOB prices will have the shipping costs borne by the seller.
What is th edifference between FOB and LDP?
whats the difference between fob and ldp
How do I jounal the FOB shipping point?
FOB shipping means the purchaser is paying the shipping charges. If you are the seller debit the charge to the buyer and credit the charge to the shipping company.
What is the definition of FOB shipping point and FOB destination point?
FOB Destination means that the seller owns the goods until the buyer receives them. Therefore, the seller pays the shipping costs. FOB Shipping means that the buyer owns the goods once they are shipped. Therefore, the buyer pays the shipping costs.
What does FOR mean in shipping terms?
FOR? or do you mean FOB?
Difference between FOB and C and F?
The Difference b/w FOB and C&F is FOB + Insurance + Freight = C&F I.e Insurance and freight in both the valuation.
What is the difference between CIF and FOB?
cif will paid throw of shipper. fob will paid throw of buyer.
What is the difference between Ex Works - EXW and CIF?
exw + FOB
Can you capitalize shipping costs?
Yes but only if it's fob shipping point
The shipping term FOB stands for what?
free on board.
