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FREIGHT TERMS AND RESPONSIBILITIES FORM 6971 Standard freight terms are FOB Shipping Point (origin), Freight Collect. All other terms must be negotiated and approved prior to shipment of order. As

How to fill out freight terms and responsibilities

1. Start by clearly understanding the purpose of freight terms and responsibilities. These terms outline the rights and obligations of parties involved in a freight transaction, such as the shipper, carrier, and consignee.
2. Identify the relevant parties involved in the specific freight transaction. This could include the seller, buyer, customs agents, banks, insurance providers, and any other entities that may have a role in the transportation and delivery of goods.
3. Gather all the necessary information related to the transaction. This may include the type of goods being transported, their quantity, weight, dimensions, and special handling requirements. Additionally, collect the addresses of the pick-up and delivery locations, as well as any intermediate stops or transfer points.
4. Familiarize yourself with the different freight terms that are commonly used, such as Incoterms (International Commercial Terms). These terms, established by the International Chamber of Commerce, provide a standardized set of codes and rules for international trade. Choose the most appropriate freight term that aligns with the needs and expectations of all parties involved.
5. Clearly specify the responsibilities and obligations of each party in the freight terms. This may include who is responsible for arranging transportation, loading and unloading of goods, packaging, insurance coverage, customs clearance, and any applicable taxes, duties, or fees.
6. Seek legal advice if necessary, especially if the freight transaction involves complex or international trade regulations. Legal professionals specializing in transportation and logistics can help ensure that the freight terms comply with local laws and regulations.
7. Provide a detailed description of the goods being shipped, including their value, nature, and any special handling requirements. This information will help the carrier understand how to handle and transport the goods safely.
8. Clearly state the payment terms and conditions, including the agreed-upon rates, payment method, and any applicable penalties or surcharges for delays or cancellations. This helps to avoid any disputes or misunderstandings in the future.

Who needs freight terms and responsibilities?

1. Importers and exporters: Freight terms and responsibilities are crucial for those involved in international trade, ensuring that all parties understand their roles and obligations in the transportation of goods across borders.
2. Freight forwarders and logistics providers: These professionals play a vital role in coordinating and managing the transportation of goods. They need to understand the freight terms and responsibilities to ensure smooth and efficient operations.
3. Legal professionals: Lawyers specializing in transportation and logistics law can assist their clients in drafting and reviewing freight terms to ensure compliance with applicable regulations and protect their interests.
4. Banks and financial institutions: Financial institutions dealing with trade finance and letters of credit rely on freight terms and responsibilities as a basis for their transactions, assessing risk and determining payment conditions.
5. Insurance companies: Insurers need to understand the freight terms and responsibilities to provide appropriate coverage and assess any potential risks associated with the transportation of goods.
6. Customs and border authorities: Customs agents and border authorities use freight terms and responsibilities to assess compliance with import and export regulations, determining the appropriate duties, taxes, and inspections.

Overall, anyone involved in the transportation and logistics industry, including buyers, sellers, carriers, and intermediaries, should familiarize themselves with freight terms and responsibilities to ensure smooth and successful freight transactions.

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