In this post, we are going to talk about FOB Term.
If you have received an export order on FOB Term, How will you deal with it, and what will you do to handle this FOB shipping export order?
We are going to discuss all these things in today’s topic.
How to deal with FOB shipping?
Yes, we will tell you exactly from basic to end, we will tell everything in detail, but it will be very difficult to tell all these things in one video, so we will keep making the series of videos.
Today’s first class.
Within this first class, we will discuss who arranges the Freight Forwarder in the FOB Export Shipment, importer, or export exporter.
In the same manner, we will discuss in this class 2 who is responsible for customs clearance, importer, or exporter.
In the same way, we are going to discuss in class 3 that who issues BL, importer issue or exporter issue, we will talk there in full detail.
In the same way, In class four, we will talk about which charges are included in FOB Export Shipment, which charges the importer pays, and which charges are paid by the exporter, who pays other charges, and local charges.
In class five we will talk about what are the responsibilities of an exporter and what are the responsibility of an importer. Then all these things that are there, we will continue to make videos and This topic of FOB will make it very clear how can you deal with it.
If you understand all the videos within this series very well, this topic will be completely clear in your mind. And you can deal with any FOB shipping without any help.
So, let’s continue today’s class one and the topic are, who arranges the Freight Forwarder, Importer, or exporter?
It’s very important to understand the FOB term if you know the fob term then good if you don’t so it’s very important first to understand what this is FOB term.
Basically, if you just heard it If you don’t understand,
You won’t understand all the coming videos. If you don’t know what the FOB term is, we have made a video on this topic with full detail that FOB. What is Trump and how to calculate it?
FOB price? The link to it is mentioned in the description below and the link above must be coming. You can see it from there too. F What is OB Trump?
I briefly tell you a little more. Regarding FOB Trump, what is inside FOB shipping is paid by the buyer pay. If it is going through Buy C
and by Air, then it is. It is called air fraud and the one who is paid by the buyer. In FOB, in addition, there are two personalities whose services are very important for you to understand and they are two and one is a customs clearing agent.
And the second is, first we understand both of them a little bit what works and what a Customs agent does. See friends, the work of a Customs agent is Pakistan Customs. Clear your Consignment from it.
There is NF inside it, the anti-narcotic force comes, drug the inspection comes, these are all the institutions that check whatever export consignment is here, and get your consignment cleared by customs and give it to you and in the same way, What is the other form is Fred forward what does Fred forward do what is it deals with airlines and shipping company Fred Forward who is it gets you, Fred, from the shipping company or airline we would have understood that What is a friend?
A friend who is fare. Like if your container is going to go, it is your container from Karachi to wherever it is the destination to whichever country it wants to go.
He goes, charges his fare, then this fare is called freight, so he brings the freight and gives it to you. The freight forwarder who is from a different shipping company or from a different airline, takes the freight, your first friend.
You will tell the forwarder where your goods are to go. What is against your curry, he will take whatever is from a different company or airline, and whatever is the least, he will come and share with you. I will take after sharing all the more that there will be jobs related to shipping companies or airlines all of them that is one that does now both you must have understood what Customs agent is He deals with Customs and the forwarder? deals with shipping companies or airlines.
Now we come to our topic who arranges services inside FOB i.e. Freed forwarder, buyer or seller, importer or See friends, who arrange exporters. As we told you a while ago, the one who pays freight is paid by the buyer. If the importer pays, then this is the one who arranges, the importer means the buyer.
Arrange, now two possibilities can come here as well.
One is that the buyer gives you the fraud forward himself. This is a fraud forward. The second possibility is that if the buyer has made a deal with you are inside FOB.
Is there anyone of him here who is not in contact, so he can tell you that brother, you contact any local freight forwarder from here, take the frade and discuss with me or give me his number or Send me an email and I will discuss with him?
There are also possibilities like this and sometimes the buyer says so. But most of the possibilities are that if a buyer is dealing with you in FOP. So it means that he already is one, someone is here in Pakistan, someone is there, that is why he is dealing with you in FOB, otherwise, he never goes to FOB, he is CNF. This leads to the answer to the question of who arranges inside FOB shipment. Now we move further into how to deal with and how to initiate the process.
First of all contracts etc. All things are signed. If you agree, then what do you have to do after all the things are done? What do you have to ask from your buyer first?
There can be two things. You either ask for CRO from the buyer.
Call it CRO, call it loading plan, call it booking confirmation, all these things are the same thing.
Either you ask him for a CRO or you ask him for someone’s number, and he will give you one of the two things.
Either he will give you the name and number of the direct forwarder, he will make you issue CRO, or he will give you a name and number of what you have, so name or number as he gives you. Ga so you have to contact them after contacting them you have to take the same CRO you have to take a loading program which is called as soon as that loading program comes to you so what is the next step What happens within the first steps is to arrange a loading program.
Who gives this loading program? This loading program gives you one. Towards the next step where you load your stuff inside the container and it goes.
Who provides the services of the customs process? Does a customs clearing agent provide? In the upcoming video, we will talk in full detail about the process, what are its steps, and how to deal with it. Who pays the charges? of customs, who is responsible, we will tell you all the things one by one in the upcoming video.
Customs, what is there, after all the things happened, what is there again, a roll of what is there. It comes to a point that you have to take whatever is BL. If your cargo has gone by C, then it will contact the shipping company and get BL to you. And if your cargo has been sent by air, then that airline. By contacting the airway bill, he will take you and continue all these things further.
These are a series of videos. We will talk about the same topic in full detail. We will tell you to step by step. What more documents do you have to give? What things do you have to provide? What will you give? All the things that are there will be step by steps within the upcoming videos. Things that are there will continue to be cleared. You will get the whole video. These are the ones that we will make series-wise one by one. You must watch it. Don’t miss any video.
So if you have not subscribed to our channel yet, subscribe to our channel so that you don’t miss any videos. If not, that’s all for today. There are more things that are discussed in class two and we will try to explain them one by one. Take good care of yourself. Goodbye.
