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
-
UI: Bears freight charges
-
Vendor: Retains ownership in transit
-
Vendor: Files freight claims
Freight Term-Type 3
F.O.B. Destination, Freight collect.
Responsibility:
-
UI: Pays Freight Chargers
-
UI: 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
-
UI: Owns material in transit
-
UI: Files freight claims
Freight Term-Type 5
F.O.B. Origin, Freight prepaid and add.
Responsibility:
-
Vendor: Pays freight and adds to invoice
-
UI: Bears freight charges
-
UI: Owns material in transit
-
UI: Files freight claims
Freight Term-Type 7
F.O.B. Origin, Freight collect.
Responsibility:
-
UI: Pays freight charges
-
UI: Bears freight charges
-
UI: Owns material in transit
-
UI: Files Freight claims