Posts Tagged ‘FOB’
3rd Party Assembly and VAT planning
Quoted FOB and EXW by the Chinese supplier. Who pays the VAT in these circumstances? Who can apply for the refund? Marisa in S. Florida writes in to explain her situation and ask her VAT questions: Hi Mike, I have your book and also have heard you speak at the seminars in Miami and Hong…
Read MoreWhy does my supplier fight a move from FOB to EXW terms? What role does VAT play?
Question to our mailbag: I am the inventor, importer and distributor of a proprietary electromechanical device that is sold in major retailers across Europe and the USA. A few years ago, I appointed a primary vendor (contract manufacturer) in China to perform the final assembly. He sells to me under “FOB China Port” terms. I…
Read MoreWhat do MOB and FOB Mean?
Thanks for your email to CSIC. You asked “I need to know what the meaning of MOB & FOB. If I bought item from supplier, how about the charges of shipping? “ These are incoterms which define the point in the shipment that the ownership of the goods is transferred from buyer to seller. FOB…
Read MoreSolar Panels & South Africa
I would like to import solar panels but I don’t know if there are any custom duties in South Africa. What is FOB? Can I import any small containers less than twenty feet? While we can provide information on China export issues, I am afraid we don’t have information on S. Africa import duties. But…
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