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Vi the Signature of the Carrier's Agent and the Date the Shipment is Received by the Carrier and 6 Distribute the Copies of Form
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People also ask
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What is a shipping contract?
A quick definition of Shipment Contract: A shipment contract is a way for a buyer and seller to agree on who will be responsible if goods are lost or damaged before the buyer receives them. With a shipment contract, the buyer takes on the risk of loss for the goods once they are shipped by the seller.
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Where does it say how long a contracting officer has to accept or reject a value engineering change proposal (VECP)?
48.103 Processing value engineering change proposals. (b) The contracting officer is responsible for accepting or rejecting the VECP within 45 days from its receipt by the Government.
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What does the term FOB stand for?
FOB is an acronym that stands for “free on board”, which is a shipping term used in retail to indicate when liability and ownership of goods is transferred from seller to buyer.
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What is the FOB clause of a contract?
Understanding Free on Board (FOB) Shipping orders and contracts often describe the time and place of delivery, payment, when the risk of loss shifts from the seller to the buyer, and which party pays the costs of freight and insurance. The vendor-client transaction defines the FOB terms in the purchase order.
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What does FOB mean in legal terms?
Free on board, often abbreviated as “F.O.B.,” applies to the sale of goods and indicates that purchased property will be placed on board a vessel for shipment at a designated place without expense to the buyer for packing, potage, cartage, etc.
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Where in the far would you find the policies and procedures for the application of transportation considerations for the acquisition of fixed price supplies?
Subpart 47.3 - Transportation in Supply Contracts (a) This subpart prescribes policies and procedures for the application of transportation and traffic management considerations in the acquisition of supplies. The terms and conditions contained in this subpart are applicable to fixed-price contracts.
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What is the FOB incoterm clause?
Free on Board, or FOB is an Incoterm, which means the seller is responsible for loading the purchased cargo onto the ship, and all costs associated. The point the goods are safe aboard the vessel, the risk transfers to the buyer, who assumes the responsibility of the remainder of the transport.
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What is the FOB clause?
Free On Board (F.O.B.) In domestic trade, and when the item is used with no further explanation, it means delivery of the goods with all charges paid aboard the carrier's equipment without cost of the to the buyer.
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