Freight Terms and Usage
Freight Term-Type 1
F.O.B Destination, Freight prepaid and allow.
Responsibility:
- Vendor: Pays Freight
- Vendor: Bears Freight charges
- Vendor: Retains Ownership in Transit
- Vendor: Files Freight Claims
Freight Term-Type 2
F.O.B Destination, Freight prepaid and add.
Responsibility:
- Vendor: Pays freight and adds to invoice
- U of I: Bears freight charges
- Vendor: Retains ownership in transit
- Vendor: Files freight claims
Freight Term-Type 3
F.O.B. Destination, Freight collect.
Responsibility:
- U of I: Pays Freight Chargers
- U of I: Bears Freight Charges
- Vendor: Retains Ownership in Transit
- Vendor: Files Freight Claims
Freight Term-Type 4
F.O.B. Origin, Freight prepaid and allow.
Responsibility:
- Vendor: Pays freight
- Vendor: Bears freight charges
- U of I: Owns material in transit
- U of I: Files freight claims
Freight Term-Type 5
F.O.B. Origin, Freight prepaid and add.
Responsibility:
- Vendor: Pays freight and adds to invoice
- U of I: Bears freight charges
- U of I: Owns material in transit
- U of I: Files freight claims
Freight Term-Type 7
F.O.B. Origin, Freight collect.
Responsibility:
- U of I: Pays freight charges
- U of I: Bears freight charges
- U of I: Owns material in transit
- U of I: Files Freight claims