ORC stands for :Origin Receiving Charge
Anyway, an additional charge for exporter. Many years ago, exporters paid much less of the FOB charge to shipping companies. But the buyers from overseas are in stronger position to bargin for pricing, shipping companies put the landing cost of the importers to us (exporters). Now, ORC, handling, Documention..you name it. It's very tough for exporters!
Hi.
Any one Try to export to beverages and the buyers, ask them for NAFDAC certificate which you can obtain if you send a samples, for analysis and you get a licenses, for which certainly they have ask you to pay money?
And in order to send you the money the buyer’s Bank asking for the certificate?
And supposed you get the certificate and the money on TT payments with order form them, and the prices EX – WORK any one else face any other problem?
EVATHE
THC stands for Terminal Handling Charges. Some may also call it Terminal Haulage charges
Quoting from ehd1:
A seller quoted me "FOB pricing without ORC and THC". Does anyone know what ORC and THC might stand for? Thanks.
Hi,
I have a request from buyer regarding supply of beverages drink.
I have agreed price EX- WORK with him and upfront payment with order.
While I have sent proforma invoice, to present to his bank in order to send the money, bank came back asking for NAFDAC certificate.
In order to obtain the certificate I have sent samples for laboratory examinations.
Steel I am waiting for a reply from laboratory and in order to certify the goods I have to pay some registration fees.
Any one knows:
a) The amounts of the fees.
b) If any other complication will come up after that.
c) If any problem for Nigerians to attend by self or by surveyors for receiving the goods EX- Warehouse.
You may choose out of four basic pricing strategies:
- Cost-plus pricing.
In cost-plus pricing, you look at the cost of what you sell. That is, your production costs, and add on the profit you need to make. Cost plus means Cost plus profit. This strategy is used mostly in opportunity marketing. The focus is more on selling instead of sustainable long term marketing. - Competitive pricing
With competitive pricing you establish your market price by benchmarking with competitors’ prices and differentiate through marketing mix incentives. The result should be a better price performance ratio than the competitor average. - Penetration pricing
You can adopt penetration pricing by applying low margins or even apply marginal costing (in case present sales cover the contribution to overheads and you still have spare capacity to utilise) and sell at the lowest price of all your competitors. The focus is on entry and high volume. A negative aspect is that you will also receive a low quality image (price fighter) which may hinder upward marketing later on. - (Perceived) Value pricing.
Source: CBI Netherlands
Quoting from ehd1:
A seller quoted me "FOB pricing without ORC and THC". Does anyone know what ORC and THC might stand for? Thanks.
ORC is charged per container such as USD269 for 1x40fcl in shenzhen, THC is loading port charges, around 50USD/70USD for 1x20fcl/1x40fcl
Hi,
The F.O.B. Price will not include the ORC and THC as the THC means (Terminal Handling Charges) this can be beared with the seller and when you import you have to pay DDC (Destination Delivery Charges) this also you can ask the seller to give a CIF (Cost,Insurance,Freight) price including DDC.
Manu
Quoting from ehd1:
A seller quoted me "FOB pricing without ORC and THC". Does anyone know what ORC and THC might stand for? Thanks.
THC means Terminal handling surcharge, which is collected at port. It's usually included in forwarder's liner-in or liner-out terms.
YOUR SELLER HAS QUOTED YOU :
FOB - FREE ON BOARD
ORC - ORIGIN ROAD/RAILWAY CHARGES(TRANSPORT)
THC - TERMINAL HANLING CHARGES
INSTEAD OF YOUR SELLER SHOULD HAVE QUOTED YOU FOT (FREE ON TRUCK/WAGON) OR EX WORKS
REGARDS
Quoting from ehd1:
A seller quoted me "FOB pricing without ORC and THC". Does anyone know what ORC and THC might stand for? Thanks.