What does this mean: $17,800.00/set (Fob Shanghai) - Aussie Stock Forums

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  1. #1

    Default What does this mean: $17,800.00/set (Fob Shanghai)

    I've recently requested a quote from a company but I dont understand what currency this is in. Can someone help?

    $17,800.00/set(Fob shanghai)

  2. #2
    white swans need love too Timmy's Avatar
    Join Date
    Sep 2007
    Between the lines

    Default Re: What does this mean: $17,800.00/set (Fob Shanghai)

    Have you asked the company that provided the quote?
    The contents of this post were tested, ruthlessly, on small, cute, furry animals. Most of them were fatally harmed. Hence, if this post causes irritation, please discontinue reading immediately.

  3. #3
    wildkactus's Avatar
    Join Date
    Nov 2007
    Aussie OS - Hong Kong

    Default Re: What does this mean: $17,800.00/set (Fob Shanghai)

    it would most likely be the USD but check with the company you got the quote from.

    FOB Shanghai means that they pay to get it to shanghai port then you pay all the costs from there, so that would include freight and port charges from shanghai Plus all OZ clearence and port costs.

    If you want to get the rates for shipping from Shanghai get in contact with a local freight forwarder, plenty in the phone book.

    for some more info on foreign trade check out this website: http://www.foreign-trade.com/index.htm

  4. #4

    Join Date
    Jun 2007

    Default Re: What does this mean: $17,800.00/set (Fob Shanghai)

    FOB = Free on Board, I think. (sometimes known as Fresh off the Boat - but thats a derogatory term). Here's a Wikipedia entry for the term: Link

  5. #5

    Default Re: What does this mean: $17,800.00/set (Fob Shanghai)

    thanks a lot for the help.
    Last edited by doctorj; 28th-April-2008 at 06:43 PM. Reason: Don't need to pad out posts! 100 char min is for stock threads only.

  6. #6

    Default Re: What does this mean: $17,800.00/set (Fob Shanghai)

    Sounds like you have it sorted...

    I've done quite a bit of importing. Freight on board / Free on Board (they take it to the port and you pay from there)

    I've always paid in US$ when buying from Asian countries.

    All the best!

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