dear sirs
it's the first time that i participate in this forum and hope that i find answer to my questions
we have L/C in which decription of goods IS :
1150 boxes of breakfast cereals details as P/I NO x dated y
+/- 5 PCT TOLERANCE IN AMOUNT AND QUANTITY IS ALLOWED.
Sales terms CFR CASABLANCA.
1) How should write on the invoice?
1150 boxes of breakfast cereals details as P/I NO x dated y. Sales terms CFR CASABLANCA.
or we must add also +/- PCT TOLERANCE.( same in the l/c)
2) quantity defined in our invoice is 13 800 unit ( because box contain 12 pack so 12 * 1150= 13800).
what is the right option? to keep 1150 boxes as quantity and put price/ box.
or it's right to consider 13800 unit as quantity and keep price/unit.
i ask you this question because someone told me that quantity defined in l/c must not be changed and according to our L/C 1150 boxes is the quantity. it is right?
3) Buyer ask us to send quantity and value:
what i should send as quantity?13800 unit or 1150 boxes and the value : CIF value? or exwork value?
thanks and best regards.
AMAL
A very warm welcome
Dear Amal,
first of all a very warm welcome to our forum.
Concerning your questions, please note:
1) Quantity in invoice has to be stated exactly, so you are not allowed to add the "+-5 pct tolerance".
Otherwise, someone might think you are not able to count properly :-))
2) I would follow the advise of your friend and write 1150 boxes. If no unit price/price per box was stated you
need not mention it.
3) If this leads to a document to be presented under the credit, stay with the boxes-scheme. If it is completely out
of the credit: you can do as you like, but it's easier to stay with one scheme!
-Each long journey starts with a small step-
Best regards
Frammi
Desc of Goods and qty
Dear Amal; You will have to go with the LC and
1. show on invoice as 1150 boxes ....... and no need to mention tolerance clause as it is only for your information.
2. You can not change the quantity to units unless LC is amended. Your friend is right as per LC quantity is Boxes. However, in addition you can mention 1150 boxes each contains 12 units totalling 13800 units.
3. 1150 boxes (13800 units) and CIF Value.
Imran Umer
IamImranUmer@gmail.com
SHOULD I MENTION PRICE/ BOX IN THE INVOICE?
dear Imran
Thanks for your reply, i want just to know according to what you said I must mention in invoice price per box and not price / unit? it's correct
awaiting.
best regards
AMAL
CIF or CFR
Hi Friends
delivery term ,is it CIF or CFR Casablanca ?
Ciao
CFR
HI
it's CFR CASABLANCA.
B REAGRDS
AMAL