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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. |