it is better you ask the shippment details from shipping line agency.
thanking you ,
Sure, FON TERMS they do noit involve unpresentation of B/L even if L/C is involved.
it's a duty of shipper toissue it suchas all other documents. Be careful
Unlucky
The best thing is to find an experience ,competent and reliable shipping agent who will be solely responsible for the handling of all the documents and the merchandise from the 'seller to the buyer'home port.I am sure you can find a couple good ones.It will cost you a bit more,but the idea is to receive the good(s)phisycally in the destine location(which is you)
well the bill of lading is a document provided by the vessel indicating that the vessel accepted the goods on board to deliver it to the consignee.
It therefore means that irrespective of the fact that the vessel was arranged by the seller or the buyer it is a responsibility on the part of the master of the vessel to generate the B/L as an evidence the goods actually went on board to ensure its delivery to you.
I export on FOB terms, and I provide B/L to my customers.
When you want B/L, the seller or his/her export agent will definitely submit original B/L issued by the carrier or it's agent.
Could you tell me what kind of documents i supposed to have if i want to import (for example shower enclosures).Cause i dont realy know what FOB B/L etc... means.
colud you (or can somebody) give me a helping hand??? and explain this procedures????
Please mail me back on my email box (read the posting rules! Do NOT post your email or other contact info)
L/C means Letter of credit. it is an agrement between seller and buyer dealing with their respective bank. L/c is opened by buyer. In the L/C buyers vow to paying money after getting goods from seller and others terms and condition remain there.
FOB means Free on Board. Buyer will bear freight of the goods. Seller will bear the cost upto port of his country.
I have not made my first purchase yet. Can you please explain:
1. FOB:
2. L/C:
3. CFR:
4. CIF:
5. BL:
And a source I can obtain these items from here in the US.
Quoting from [Shockwave II]:
Replying to [kai1]:
I have not made my first purchase yet. Can you please explain:
1. FOB: Free on Board (shipment delivered by supplier to named port (eg Shanghai)
2. L/C: Leter of Credit: A payment type that is about the most safe to use.
3. CFR: Cost+Freight: quoted price including cost of product + Freight cost (the shipping from China to US). Does NOT include Insurance
4. CIF: Cost + Freight+ Insurance as above but includes insurance for shipment
5. BL: Bill of Lading. It's kind of like a receipt for your purchase, Customs need to see this + other certificates if required.That's it in a nutshell but its really more complex than that... You need to read a LOT more of the forums before you even TRY to do international trading....... It is NOT like going to a wholesaler in your country and just buying what you want.
I advise you in this case that you fix the term as "ex-work". For this way, you can hire the freight since the factory until the port. When the freight operator arrived at the factory, you can determine that he must notify you about the conditions of the merchandise through the check-list. With the acceptance of the freight operator regarding the goods, you can authorize the payment through your bank to the supplier. I hope that this opinion can be useful for you.
Best Regards
Eduardo Porto
Brazil