FOBT, CFR-LO and CFR-FO under Delivery Terms

mani · Post by **mani** » Sun Oct 30, 2011 10:57 am

Hi,

Recently I came across some documents evidences FOBT,CFR-LO and CFR-FO under delivery terms. Could anybody helps me to know exactly what they are with explanation.

Please do the needful.

Regards
Mani

picant · Post by **picant** » Sun Oct 30, 2011 1:28 pm

Hi Pal,

Incoterms consider the main freight cost, but the maritime industry offers more services that have an additional cost.
Probably Free On Board Trimmed, Cost and Freight Liner Out orCost and Freight Free Out, indicate specific fees to be paid by buyer and/or seller at loading or discharge port.
From UCP point of view oer better ISBP 681 points 89, 113 , 133 the insertion of such terms, if not authorized in the l/c , cause
discrepancy.
Other comments appreciated
Ciao

nesarul · Post by **nesarul** » Mon Oct 31, 2011 10:08 am

Dear Picant,
What will happen if credit does not statet hat costs additional to freight are not acceptable .
Does this additional qualification still consider as discrepant.
regards
Nesar

picant · Post by **picant** » Mon Oct 31, 2011 11:47 am

Hi Pals,

quoting the points of ISBP I meant that if the additional costs to freight are not acceptable, if the l/c is silent the additional costs in a trasport documents dont make the document discrepant, art 26c UCP 600 .
Sorry, I am not native speaker !
Thanks and Ciao

nesarul · Post by **nesarul** » Mon Oct 31, 2011 12:04 pm

Dear Picant,
Thanks for your kind support.
regards
nesar

PAYALASHAR · Post by **PAYALASHAR** » Tue Jun 27, 2017 3:10 pm

Dear Picant,
Could you please provide more info on FOBT.How is it different from FOB trade term?

FOBT, CFR-LO and CFR-FO under Delivery Terms

FOBT, CFR-LO and CFR-FO under Delivery Terms

Probably ancillary charges

Incoterms

correct

incoterms