Friday, February 14, 2014

What is the meaning prepaid shipment?

What is the meaning prepaid shipment?
Air or ocean freight charges that are paid at the port of origin or loading, and are billed to the importer in the exporter's invoice. It is not refundable even if the shipment fails to arrive at its destination. Also called advance freight. See also cost and freight (C&F) and cost, insurance, freight (CIF).

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