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    Shipping Terminology

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    gbinderjr
    This document defines common freight terminology used in purchase transactions. It explains that FOB (Free On Board) specifies who pays for shipping and when legal ownership transfers. Several FOB terms are defined, such as FOB Destination which means shipping charges are included and ownership transfers at destination. Other terms like Shipping Point and Origin also specify when ownership transfers during shipping.

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    Attribution Non-Commercial (BY-NC)
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    Shipping Terminology

    Uploaded by

    gbinderjr
    229 views1 page
    This document defines common freight terminology used in purchase transactions. It explains that FOB (Free On Board) specifies who pays for shipping and when legal ownership transfers. Several FOB terms are defined, such as FOB Destination which means shipping charges are included and ownership transfers at destination. Other terms like Shipping Point and Origin also specify when ownership transfers during shipping.

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    This document defines common freight terminology used in purchase transactions. It explains that FOB (Free On Board) specifies who pays for shipping and when legal ownership transfers. Several FOB terms are defined, such as FOB Destination which means shipping charges are included and ownership transfers at destination. Other terms like Shipping Point and Origin also specify when ownership transfers during shipping.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    229 views1 page

    Shipping Terminology

    Uploaded by

    gbinderjr
    This document defines common freight terminology used in purchase transactions. It explains that FOB (Free On Board) specifies who pays for shipping and when legal ownership transfers. Several FOB terms are defined, such as FOB Destination which means shipping charges are included and ownership transfers at destination. Other terms like Shipping Point and Origin also specify when ownership transfers during shipping.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    Freight Terminology

    DESCRIPTION

    FREIGHT TERMS CODE


    10 characters

    DESCRIPTION

    30 characters

    FOB

    Free On Board (FOB) specifies who pays for shipping and also defines the legal point of ownership in a purchase transaction. Purchasing strongly discourages the use of "Shipping Point" or "Origin" for legal reasons. FOB DESTINATION means that the shipping charges are included in the price of the item, and that the shipped item becomes the legal property and responsibility of the receiver when it reaches its destination. FOB DESTINATION PREPAID & ADDED means that the shipping charges are separate from product charges and are prepaid by the shipper and added to the invoice. The shipped item becomes the legal property and responsibility of the receiver when it reaches its destination. FOB DESTINATION INSTALLED means that the shipping and installation charges are included in the price of the item, and that the shipped item becomes the legal property and responsibility of the receiver when it has been installed at the receiving point by the vendor. FOB DOCK DELIVERY means that the shipping charges are included in the price of the item, and that the shipped item becomes the legal property and responsibility of the receiver when it reaches the dock. FOB INSIDE DELIVERY means that the shipping charges are included in the price of the item, and that the shipped item becomes the legal property and responsibility of the receiver when it reaches the inside delivery point. SHIPPING POINT means that the shipping charges are included in the price of the item, but the shipped item becomes the legal property and responsibility of the receiver when it leaves the vendor's dock. SHIPPING POINT PREPAID & ADDED means that the shipping charges are added to the invoice, but the shipped item becomes the legal property and responsibility of the receiver when it leaves the vendor's dock. ORIGIN means that the shipping charges are included in the price of the item, but the shipped item becomes the legal property and responsibility of the receiver when it leaves its origin. ORIGIN PREPAID & ADDED means that the shipping charges are added to the invoice, but the shipped item becomes the legal property and responsibility of the receiver when it leaves its origin. ON SITE means no freight charges. Performed on site. PICK UP means no freight charges. Receiver picks up. DEST FOB Destination/Frt Prepaid

    FOB DESTINATION

    FOB DESTINATION PREPAID & ADDED

    DEST PPA

    FOB Destination/Frt Prepay/Add

    FOB DESTINATION INSTALLED

    DEST INSTAL FOB Installed/Frt Prepaid

    FOB DOCK DELIVERY

    DOCK DEL

    FOB Dock Delivery/Frt Prepaid

    FOB INSIDE DELIVERY

    INSIDE DEL

    FOB Inside Del/Frt Prepaid

    FOB SHIPPING POINT

    SHIP PT

    FOB Shipping Point/Frt Prepaid

    FOB SHIPPING POINT PREPAID & ADDED

    SHIPPT PPA

    FOB Ship Point/Frt Prepay/Add

    FOB ORIGIN

    ORIGIN

    FOB Origin/Frt Prepaid

    FOB ORIGIN PREPAID & ADDED

    ORIGIN PPA

    FOB Origin/Frt Prepay/Add

    ON SITE PICK UP

    ON SITE PICK UP

    No freight-performed on site No freight-picked up

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