FOB LC. Can Bill Of Lading Show Freight Prepaid

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hardy2175
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FOB LC. Can Bill Of Lading Show Freight Prepaid

Post by hardy2175 » Thu Apr 09, 2015 4:07 am

Can BL in case of a FOB incoterm show freight prepaid ?.
or
Can BL incase of a CIF/CFR incoterm show freight collect?

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picant
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LC differs from Incoterms

Post by picant » Sat Apr 11, 2015 2:21 pm

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

mohitjai
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Re: FOB CAN BL SHOW FREIGHT PREPAID

Post by mohitjai » Wed Apr 15, 2015 10:09 am

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.

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shady
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Re: FOB CAN BL SHOW FREIGHT PREPAID

Post by shady » Tue Apr 21, 2015 6:48 am

hi
depending on the sale contract and arrangements between the seller and the buyer but in case

regards

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