08/03/2024
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๐๐ & ๐๐๐
๐ - WHICH OPTION IS SUITABLE FOR BUSINESSES WHEN IMPORTING โโโ
๐ค Customers who want to import machinery, hand-held or mechanical equipment from China when offered prices: CIF or FOB, which one should they choose?
๐ป If you are still wondering, join XGD to understand CIF & FOB in just 3 minutes!!!
1๏ธโฃ. EXPENSE
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BUY FOB:
The seller transports the goods to the port, completes customs clearance procedures, and pays LCC costs at the exporting country => Bear all responsibility and costs until the goods are loaded onto the ship
The buyer will bear the sea freight + all costs & procedures to bring the goods from the port to the warehouse
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BUY CIF: Seller ships goods from China - Philippines port, buyer only needs to pay costs from port to warehouse
=> The difference here is that the person bears the freight charge
2๏ธโฃ. RISK
The responsibilities of FOB & CIF buyers are considered the same (for example: weather conditions, sea freight changes or shipwrecks cause damage and damage to goods, the buyer himself is responsible for handling and responsible for the loss). escape of goods
3๏ธโฃ. ACTIVENESS
๐ ๐๐ ๐ฎฬ๐จฬฬ๐ข ๐ญ๐ซ๐ฬ ๐๐ฎฬ๐จฬฬ๐ ๐ฏ๐ฬฃฬ๐ง ๐๐ก๐ฎ๐ฒ๐ฬฬ๐ง ๐ฌ ๐ฬ ๐๐จฬ ๐ญ๐ขฬ๐ง๐ก ๐๐ก๐ฎฬ d๐จฬฃฬ๐ง๐ ๐๐๐จ ๐ก๐จฬ๐ง
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BUY CIF: The seller will look for FWD shipping (to prioritize savings, choose low prices from many shipping lines, many ship schedules depending on different prices (depending on service, itinerary, container), instead of going straight there can be Being able to transit through several different ports to consolidate goods can lead to transit time, affect the quality of goods, and may incur repair fees; each shipping company's LCC fee is different, should it be subject to a higher LCC fee? Generate DEM/DET (Storage of containers, warehousing, storage)
Another point is international payment: The person who books the freight clearly understands the FWD unit, is proactive in information, schedules, payment support for all types of bills (original bill or surrended bill), issues with keeping goods or Detain goods when the two parties have some conflict.
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BUY FOB: The person who can control the situation, the ship schedule as well as the appropriate price, the leading FWDer in the Philippines => be actively selected
Each term will have its own advantages and disadvantages, businesses can see the price advantage to choose the appropriate form of import and export of goods.
โ ๏ธ Besides the form of delivery, the sea freight forwarder also plays an important role. Therefore, individuals and businesses need to choose professional shipping units that support and provide complete shipping information.
With 5+ years of experience handling +2000 orders, customers can be completely assured by:
- XGD supports finding reputable sources of goods with free appraisal
- BEST logistics costs in the market
- Fast MULTI-MODEL shipping
- Possessing documents and TRANSPARENT INVOICES, in accordance with the law
- Import and payment process is FAST - COMPLETE - SIMPLE
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๐ XGD LOGISTICS WILL HELP YOU:
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