All of our products are ' Priced ' FOB origin.
i. FOB. The term FOB stands for
Free On Board.
It also means if something gets lost or is damaged during transport, it is
between You (the Buyer) and the
transportation company to settle it. We will, of course,
co-operate with you and the carrier to the best of our
ability.
Exact INCOTERMS wording follows
FCA
FREE CARRIER
(... named place)
«Free CArrier» means that the seller delivers the goods, cleared for export, to the
carrier nominated by the
buyer
at the named place. It should be noted that the chosen place of delivery has an impact on the
obligations of
loading and unloading the goods at that place. If delivery occurs at the seller's premises, the
seller is
responsible for loading. If delivery occurs at any other place, the seller is not responsible for
unloading.
This term may be used irrespective of the mode of transport, including multimodal transport.
«Carrier» means any person who, in a contract of carriage, undertakes to perform or to
procure the performance
of
transport by rail, road, air, sea, inland waterway or by a combination of such modes.
If the buyer nominates a person other than a carrier to receive the goods, the seller is deemed to
have fulfilled
his obligation to deliver the goods when they are delivered to that person.
Example 1.
When the shipment is ready, Parallax will call
'ABC Transport' to come and pick it up. After pick
up Parallax is out of the picture.
Of course, if a damage occurs, we will work with you
and your transportation company to do the forms you need
to file a 'claim'. However please don't expect us
to send you a free replacement.
After pick up, it is between you and
DHL. Again, we will work with you and your transport company
if anything goes wrong.
ii. CIP. The term CIP stands for Carriage and Insurance Paid to..
For CIP Destination you must ask Parallax to calculate
the CIP cost for
your particular purchase to your particular destination
(International customers pay applicable
duties and import taxes in their own country).
Also you have to decide what is your level of comfort
with 'damage or loss of goods'. Lasers are expensive and
delicate. You must decide how much you want to spend on
insurance.
Example 3. Green Laser Ltd. in Belfast, Ireland wants to
buy a laser from Parallax and pay for it "CIP Belfast".
Parallax will send Green Laser Ltd. a Proforma Invoice that shows all
the costs including dimensions and weights. Parallax
will also tell you about your insurance options
for 'loss', for 'damage' for 'replacement' etc. A final
invoice will be sent to Green Laser Ltd. only after all the shipping
and insurance details have been worked out.
iii. C&F. The term C&F stands for Cost (of the product) and
Freight
Laser
systems, specs & prices | Laser tube prices | Re-gas & other service
prices | International prices | Warranty Information |
Misc. surplus equipment
| Frequently asked questions
Federal Express refuses to pay!! See FedEx
letter
Payment, Insurance and Transportation Options
All of our products are ' Sold ' either ;
What do these all mean ?
For detailed explanation of these and other internationally accepted terminology for 'shippers'
and 'buyers',
please see the Incoterms section of this site.
When you purchase 'something' and pay for it with
terms 'FOB origin' it means the responsibility of the Seller (Parallax)
stops when the
'goods' are delivered
to the transporting company at our factory.
"«Free on Board» means that the seller delivers when the goods pass the ship's rail at
the named port of
shipment.
This means that the buyer has to bear all costs and risks of loss of or damage to the goods from
that point. The
FOB term requires the seller to clear the goods for export" (meaning we file Shippers' Export
Declaration and get export
permit). The FOB term is meant to be used only for sea or inland waterway
transport. If the parties do not intend to deliver the goods across the ship's rail, the FCA term
below should be used.
Chin Yu Ltd in China buys a laser
from Parallax and pays for it FOB Origin.
Chin Yu Ltd has
an account with 'ABC Transport'.
Chin Yu also has an
insurance policy with Ho Hsai Insurance of
Taiwan.
Example 2.
You buy a laser and pay FCA Origin.
You have an account with DHL.
You give us
your account number and ask us to ship it via DHL and
insure the laser for
$4,000 with DHL.
When you purchase 'something' and pay for it with
terms 'CIP Destination', it means you pay Parallax for
cost of
the goods + cost of insurance + cost of transportation to
destination and
Parallax will buy insurance and will pay for
transporting the goods to destination (your place).
If you ask for C&F, it means you pay FOB plus cost of
transportation to your place but you don't
want insurance because your company is covered by an
independent policy
(purchaser pays
applicable duties and import taxes in his
own country).
Due to the high value of laser products, we strongly
recommend that the
purchaser obtain adequate insurance to cover any possible
Loss and / or
Damage to the goods.
Parallax Technology,
Inc.
Web page created and maintained by
Parallax Marketing Department.