Chinese Help :)

[bestforsextoys]

Hello

Could someone help me here.

We are dealing with the chinese and we are not sure how the work.

Could someone please confirm what FOB Price means?

Please let me know

Thanks
Austin Wood

 

[Tej]

Hello

Could someone help me here.

We are dealing with the chinese and we are not sure how the work.

Could someone please confirm what FOB Price means?

Please let me know

Thanks
Austin Wood

FOB... means Free on Board

You have to pay all costs of shipping.. i.e
The cost of the freight
Insurance
This gives you the CIF price.

You pay duty on the CIF value
you pay VAT on the CIF plus duty value

These are the basics

 

[bestforsextoys]

Thanks for the help now i understand it thanks

 

[Apple]

Tej,your explaination is quite simple .

Good .

Ps .You are Chinese or not

FOB... means Free on Board

You have to pay all costs of shipping.. i.e
The cost of the freight
Insurance
This gives you the CIF price.

You pay duty on the CIF value
you pay VAT on the CIF plus duty value

These are the basics

 

[MikeJ]

FOB... means Free on Board

You have to pay all costs of shipping.. i.e
The cost of the freight
Insurance
This gives you the CIF price.

You pay duty on the CIF value
you pay VAT on the CIF plus duty value

These are the basics

To be more accurate....

FOB generally means the cost of getting it to the port and on to the ship. It doesn't include shipping.

Say you were shipping something from Beijing to Manchester.

Ex-works is no shipping - it generally includes putting the goods onto the back of the truck, but not necessarily.
FOB is as far as the Chinese port.
C&F or CIF is as far as the UK port, with or without insurance.

 

[Tej]

To be more accurate....

FOB generally means the cost of getting it to the port and on to the ship. It doesn't include shipping.

Say you were shipping something from Beijing to Manchester.

Ex-works is no shipping - it generally includes putting the goods onto the back of the truck, but not necessarily.
FOB is as far as the Chinese port.
C&F or CIF is as far as the UK port, with or without insurance.

Please read my post again!! LOL
FOB...

 

[cuppahouse]

If they send you the goods by FOB, then you need to pay for the shipping cost and insurance from China to your destination port. Anyway, you can ask them to quote you a CIF price or a CNF price.

 

[cmcp]

My girlfriend's got a Chinese symbol tattooed on her neck that meant "angel". til I found it in a book translated as "hermit". Laughed my ass off for days, then got it done on me to make her feel better.

 

[handbagshoe]

hello,i am chinese,that means you have to pay item's price and shipping fee.and a little customs clearing fee.

 

[Mister B]

Don't forget to include port & clearance charges along with the cost of the transport from the port to your warehouse.

Mister B