Can BL in case of a FOB incoterm show freight prepaid ?.
or
Can BL incase of a CIF/CFR incoterm show freight collect?
FOB LC. Can Bill Of Lading Show Freight Prepaid
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LC differs from Incoterms
Hi Pal,
any arrangement by the parties is ok, however in requesting a bill of lading in a l/c you must indicate if freight is prepaid or collect to avoid any conflict.
Other comments appreciated
Ciao
any arrangement by the parties is ok, however in requesting a bill of lading in a l/c you must indicate if freight is prepaid or collect to avoid any conflict.
Other comments appreciated
Ciao
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Re: FOB CAN BL SHOW FREIGHT PREPAID
Hi
I think that the parties should adopt the right incoterm which correctly demonstrates the negotiated terms. for example, for FOB, stating freight prepaid doesn't correctly reflect that freight was intended to be borne by the buyer.
If there is a dispute then legally also there may be adverse positions/ judgements.
Regards
I think that the parties should adopt the right incoterm which correctly demonstrates the negotiated terms. for example, for FOB, stating freight prepaid doesn't correctly reflect that freight was intended to be borne by the buyer.
If there is a dispute then legally also there may be adverse positions/ judgements.
Regards
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Re: FOB CAN BL SHOW FREIGHT PREPAID
hi
depending on the sale contract and arrangements between the seller and the buyer but in case
regards
depending on the sale contract and arrangements between the seller and the buyer but in case
regards