COMMON COMMERCIAL TERMS USED IN LETTERS OF INQUIRY
|
As is where is |
Goods are to be picked
up in the condition in which they are |
|
Carriage paid (C.P.) |
The delivery of the goods
is the responsibility of the seller |
|
Carriage Forward
(C.F.) |
The cost of the
delivery of the goods is to be paid by the Buyer |
|
Cash Discount (C.D.) |
A discount in the
rate which is allowed by the seller to motivate the buyer to pay within the specified
time |
|
Cash on Delivery
(C.O.D.) |
Cash payment for the
goods must me made on delivery of the goods |
|
Cash with Order (C.W.O.)
|
Cash payment for the
goods must be made that the time of placing the order |
|
Documents on Payment
(D.P.) |
Documents of the goods
will be handed over only when the bill amount has been paid in full |
|
Ex Factory |
The price of the
goods at the factory |
|
Ex Warehouse |
The price of the
goods at the warehouse |
|
Markings |
The instruction on
the container such as ‘fragile’, ‘this side up’ ‘handle with care’, etc. |
|
Price Current |
The rates applicable
on the day on which they have been quoted |
|
Trade Discount (T.D.) |
The discount given by
one seller to another |
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