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Incoterms CFR--

Posted: Sun May 06, 2018 3:27 pm
by dinesh2476
Dear Experts,

We received the LC in which we have the below pricing clarification. LC was issued for value $60800 wherein the goods value given in field 45A was $59000. Do we need to assume the remaining amount $1800 covers the freight charges as the LC incoterms is CFR.

Good description:
:32B:(Currency code and amount)
USD60800


Quote
:45A:(Goods desc)
200 KGS OF COCONUT FLAVOUR AT THE RATE
OF USD 25.50 PER KG
400 KGS OF MANGO CHAUNSA FLAVOUR AT THE
RATE OF USD 9.80 PER KG
CFR xxxxx, xxxxx
Unquote

200 x 25.50 =5100
400 x 9.80 =53900
.
REGARDS
Dinesh Kumar

Art 30 c

Posted: Sun May 06, 2018 10:25 pm
by picant
Hi Pal,

I dont think that an invoice may contain freight charges in this case. I think that is probably applicable art 30c.
However clarification by issuing bank advisable.
Other comments appreciated
Ciao