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    Export quotation should have description of goods, trade terms (e.g. FOB, CFR or CIF), unit price, packing, means of delivery, delivery time, and payment terms. Units of Measurement like the ton may refer to the metric ton (2204. Lbs. Or 1000 kgs.), short ton (2000 lbs., or 1016 kgs.) some countries may require that the import and / or export shipments be insured with their national insurance.

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    Export quotation should have description of goods, trade terms (e.g. FOB, CFR or CIF), unit price, packing, means of delivery, delivery time, and payment terms. Units of Measurement like the ton may refer to the metric ton (2204. Lbs. Or 1000 kgs.), short ton (2000 lbs., or 1016 kgs.) some countries may require that the import and / or export shipments be insured with their national insurance.

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    1K views3 pages

    Export Quotations

    Uploaded by

    aksr27
    Export quotation should have description of goods, trade terms (e.g. FOB, CFR or CIF), unit price, packing, means of delivery, delivery time, and payment terms. Units of Measurement like the ton may refer to the metric ton (2204. Lbs. Or 1000 kgs.), short ton (2000 lbs., or 1016 kgs.) some countries may require that the import and / or export shipments be insured with their national insurance.

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    Export-Import Quotations

    In exporting, the terms quote, offer sheet and price sheet may be used instead of quotation. The basic information that an export quotation should have includes a description of goods, trade terms (e.g. FOB, CFR or CIF), unit price, packing, means of delivery (e.g. ocean or air), delivery time, and payment terms. No strict form is used in the quotation. Using the company letterhead for a general quotation is quite common.

    Units of Measurement Most countries have officially adopted the metric units (e.g. kilogram, meter, liter, and cubic meter) of measurement. The Imperial units (e.g. pound, foot, gallon, and cubic foot) and some local units are still in use in some countries, besides the metric system. A unit of measurement like the ton may refer to the metric ton (2204.6 lbs. or 1000 kgs.), short ton (2000 lbs. or 907 kgs.), or long ton (2240 lbs. or 1016 kgs.). The exporter must clearly indicate the proper unit used in the quotation and contract. Please see Conversion Factors - Units of Measurement for the other units of measurement.

    The Preferred Terms of Import Quotation


    The preferred terms of import quotation, in the ocean freight, of some of the selected importing countries (areas) of the world are as follows:

    COUNTRY Argentina Australia Austria Belgium Brazil Canada Chile China Hong Kong Czech Republic Denmark

    TERMS CIF, FOB, CFR FOB CIF, CFR CIF CFR, CIF FOB FOB, CFR FOB, FAS CIF FOB CIF

    Egypt Finland France Germany Greece Hungary India Indonesia Ireland Israel Italy Japan Korea, South Malaysia Mexico Netherlands New Zealand Norway Pakistan Peru Philippines Poland Portugal Russian Federation Saudi Arabia Singapore South Africa Spain Sweden Switzerland Taiwan Thailand Turkey United Arab Emirates United Kingdom USA Venezuela

    CFR CIF CIF CIF CIF FOB CIF, FOB CIF CIF CIF, FOB, CFR CIF CIF, FOB, CFR CIF CIF FOB CIF FOB CIF CFR CIF, FOB, CFR CFR FOB CIF FOB CIF, CFR CIF CIF, FOB CIF CIF CIF CFR CIF, CFR CIF CIF, CFR CIF FOB CIF, FOB, CFR

    Importers may request for trade terms not listed above. In practice, importers usually specify the terms of import quotation. The import duty is often based on FOB or CIF value. Some countries may require itemized charges on the CIF term, that is, showing on the invoice the FOB value, insurance and freight, and may further require the cost of packing material and labor. Some countries may require that the import and/or export shipments be insured with their national insurance companies.

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