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What do these abbreviations stand for: Other Price Terms :FOB, CFR and Payment Terms: L/C, T/T?


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Old 06-15-2008, 01:56 AM
trade trade is offline
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Default What do these abbreviations stand for: Other Price Terms :FOB, CFR and Payment Terms: L/C, T/T?

What do these abbreviations stand for: Other Price Terms :FOB, CFR and Payment Terms: L/C, T/T?
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Old 06-15-2008, 01:56 AM
Jing Jing is offline
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Default What do these abbreviations stand for: Other Price Terms :FOB, CFR and Payment Terms: L/C, T/T?

FOB: Free On Board, or Freight On Board
CFR: Cost and Freight
L/C: Letter of Credit
T/T: Telegraphic Transfer (I think)

check here for others:
< http://www.export911.com/ref/abbrev.htm >

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