Freight Term | Ownership | Payment Terms | Claims |
---|---|---|---|
Destination | Title (ownership) passes to buyer at delivery point specified by the buyer. |
Seller pays freight charges. Buyer not invoiced for freight. |
Seller owns goods in transit. Seller files any claims. |
Destination, Prepaid & Allowed |
Title (ownership) passes to buyer at delivery point specified by the buyer. |
Seller pays freight charges. Buyer not invoiced for freight. |
Seller owns goods in transit. Seller files any claims. |
Destination, Prepaid & Added |
Title (ownership) passes to buyer at delivery point specified by the buyer. |
Seller pays freight charges. Buyer invoiced for freight. |
Seller owns goods in transit. Seller files any claims. |
(Origin) Shipping Point |
Title (ownership) passes to buyer at the seller’s ship point |
Seller pays freight charges. Buyer invoiced for freight. |
Buyerowns goods in transit.Buyer files any claims. |
(Origin) Shipping Point, Prepaid & Allowed |
Title (ownership) passes to buyer at the seller’s ship point |
Seller pays freight charges. Buyer not invoiced for freight. |
Buyerowns goods in transit.Buyer files any claims. |
(Origin) Shipping Point, Prepaid & Charged |
Title (ownership) passes to buyer at the seller’s ship point |
Seller pays freight charges. Buyer invoiced for freight. |
Buyerowns goods in transit.Buyer files any claims. |