Friday, June 10, 2011

Can someone please tell me: What is FOB Qingdao? -

I was asking for quotations from a supplier and she asked me if I mind if they use FOB Qingdao. What the hell is that? Please answer asap!!

Batman is spot on! The supplier will quote inclusive of freight to the Port (you may be able to negotiate a different/cheaper port). You then pay the container rates from there. Suggest you use a Import agent at the start, might very faster until you learn some of the tricks.

You have to pay for the freight and the port of origin is Qingdao, which I believe is in China. Your supplier will deliver the goods to Qingdao port. Then, you take care of everything until final destination. FOB means freight on board or free on board.

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