Prepaid
Prepaid shipping charges mean that the customer pays for the shipping cost upfront. This can be done by adding the shipping charges to the invoice or by including them in the product’s price. Having the charges prepaid ensures that the company will not have to pay for the shipping cost.
There are many benefits for companies when they choose to have their customers prepaid for shipping:
- It allows businesses to better budget their money and eliminates any possible losses that could be associated with unpaid shipping fees.
- In addition, if a product is damaged or lost during transit, the customer is typically responsible for filing a claim and seeking reimbursement from the shipping company, rather than the business itself.
Overall, having prepaid shipping charges is beneficial for both businesses and customers alike.
Related Links
What is freight prepaid?
Payment terms: What’s the difference between “prepaid” and “collect?” – The Clerk Files
What Does “Freight Collect” And “Freight Prepaid” Mean on a Bill of Lading? – AdvancedonTrade.com – Export, Import, Customs
Freight Prepaid
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