Once upon a time I get an email containing the supply of goods. At the end of the email, the seller gave me the price of the domestic freight forwarding additional information: franco warehouse. At the time I do not know what it is franco warehouse.
Because I was afraid spelled “hillbilly entrepreneur” (but yes), I finally find what the heck franco warehouse. Apparently franco warehouse is a requirement related to buying and selling of goods delivery problems. And conditions of this sale “still friends” another.
Since I’m sure you will also be hurt if later someone said to you “hick businessman”, then before it happens to you, I explain what are the terms related to buying and selling goods delivery.
. Loco Warehouse
In terms of this sale, the buyer should bear the cost of shipping the goods from the seller to the buyer’s warehouse.
. Franco Warehouse
The opposite condition locomotive warehouse sale, the terms of this sale, the seller bears the cost of delivery of goods to warehouse buyers.
. Free on Board
If you already started engaging foreign trade, there could have been subject to the terms free purchase on board. Notice is usually sent by mail or e-mail business. Free on board is a condition that imposes a sale and purchase of shipping goods to overseas buyers. Costs include the cost of shipping goods from the port of loading to port of the seller until the receiver is used by the purchaser. Seller in the country, in this case Indonesia, only bear the cost of transport to the harbor where it is unpacked only.
. Cost, Freight, and Insurance
Sometimes the purchase agreement in the letter mentioned that the seller should bear the cost, freight and insurance. You do not need to be confused with the terms of this sale. Cost, freight and insurance are provided sale and purchase of which the seller should bear the cost of freight and insurance on goods shipped.
Now you are no longer called “hillbilly entrepreneur”. You already know the sale of the four conditions associated with the delivery of goods which I have explained above.
So do not let that next time you sent a letter offering business or buyer asked, “Sir, is it loco warehouse or franco warehouse?”.