Order Types:
FOB:
This is the export term of delivery and price quotation. The sellers send goods for export and delivery them on board .The risk is passed from seller to buyer when the goods are loaded in the ship at the port departure. The buyer pays the freight charges. The seller does not include the freight charge with his costing.
FOA:
This is the export term of delivery and price quotation. The sellers send goods for export and delivery them to the air carrier .The risk is passed from seller to buyer when the goods are loaded in the air carrier at the port departure. The buyer pays the freight charges. The seller does not include the freight charge with his costing.
Generally others types are:
1.C&F(cost & freight) order
2.CIF(cost, insurance & freight) order
3.CIFF(cost, insurance, freight & commission) order
4.CMT(cost of making and trimming) order
5.CM(cost of making) order
6.TT(telephonic transfer) order
7.Subcontract order
8.Exchange order
9.CMC(cutting, making & carton) order
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