The Difference between Freight Prepaid and Freight Collect (Revised Version)
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- Опубліковано 27 жов 2021
- No.1 International Trade & Logistics E-Learning
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Contents
00:00
00:24 Freight Prepaid and Collect
01:14 Related to Incoterms
02:00 The Discription on House B/L and Master B/L
02:55 In Case That The Discription Is Diffenrence Between House and Master B/L
04:37 Case Study
06:32 Summary
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【Profile】
Shinya Iino
15 years experience in business development in Asia and South East Asia. Marketing and Sales specialist in especially Logistics field.
Over 5,000 TEU Monthly volume for export and import in our Group company in Thailand.
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As a novice import freight forwarder your videos will be super useful to me, thanks alot !
Thanks!!
Thanks Inno, taking notes now. I can understand it better with presentation. I am now in freight division handling air and sea both import and exports amd really struggling. I want to know more about freight. Thanks alot on this.
We really enjoy and learn from your videos. Thanks for sharing such a great informative content.
Thank you very much for making such good video and provide this useful information.
you are welcome!
Thank you IINO san!
Valuable knowledge.
Thanks😄
Very interesting and helpful👍👍👍 thank you🙏
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now i have some clear understanding. Please make vedio of how to plan shipment (complete process). thanks for your help. keep posting such videos
Thank you!
Thank you iino san...
You are welcome😆
Can you clarify if there is third party of this shipment? Let's say Shipper: A1(Germany) Consignee:B1 (India) Ultimate Client: C1 (Hong Kong). C1 produces their goods with A1 at Germany and C1 decided to pay O/F between Germany and India from Hong Kong. What is the best solution to issue Master and House B/L on this scenerio?
Btw Incoterms is FOB Bremerhaven.
First of all i would like to thank you for your informations , i have some questions about this video , as you may already know that in case of fob the freight will be collect but what if the freight forwarder in the importing side booked a container and sent the booking number or reference to the exporter in this case who will be the shipper and consignee in the master bl and house bl
Even though freight forwarder in importing side book, nothing will be changed.
MBL: shipper - exporting forwarder, Cnee - importing forwarder
HBL: shipper - actual shipper, Cnee - actual Cnee.
IINO san, if the term is CIF and DDU, the freight cost should be freight prepaid by the exporter. My question is whom the exporter should pay? If the vessel is arranged by the importer side but the term is CIF term, can the exporter pay the freight cost to the importer forwarder? Thanks.
If freight prepaid, exporter pay the freight to the forwarder(House B/L) or carrier (Direct Master B/L). It's not related who arrange the booking.
Hello friend can u please make one vedio about how to solve the container shortage in the world.
Oh.. it's very difficult to predict..
So if it is MBL Freight Collect, to whom does buyer pay freight charges directly to? Forwarder at importer side or carrier at origin side?
Buyer would have to pay the freight charges to forwarder at Import side, because forwarder at Import side is the one who would pay the freight charges to the carrier at destination.
It's like a chain.
Forwarder at Import side pays freight to the carrier at destination(because it's Freight collect). Later on, the forwarder at import side will demand the freight charges from the buyer (importer) since forwarder at Import side had to pay the carrier at destination for the freight.
Hope it's clear now. :-)
If MBL freight collect, import side forwarder has to pay.
There is another fregit collect... Exporter forwarder will collect freght charges from importer with help of thier destination freight forwarding agent.... In this case destination agent will get a profit share from origin forwarder...
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What is( FREIGHT PAYABLE AT DESTINATION )
Freight Collect.
MBL freight collect for FOB term is not good... Because mostly and common practice is origin forwarder pays freght to origin shipping line behalf of destination forwarder... Origin forwarder quote the FOB freight to destination forwarder...if MBL makes frieght collect then consignee will know what was the actual cost they received from thier forwarder based of FOB..... If MBL freght collect for FOB then what is the role of destination forwarder? 🤔
If direct master b/l, destination forwarder has nothing to do.
@@logisticsyoutuberiinosan2358 I m talking about mentioning freight collect in MBL....
Japanese people look super smart until they start speaking english lol
Anyways your videos are really helpful I appreciate it
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