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Ex-Works;
When you purchase a product and pay for it with the terms "ex-works" this means that you buy product ONLY from Valence Marine and arrange freight through your own forwarder. Under an "ex-works" arrangement, most Buyers tell us which carrier they prefer, providing their account number with the carrier and contact details for us to arrange. Foreign clients select a freight forwarder with a USA office, providing us a contact name and telephone number, so we can arrange product pickup with them. Under this arrangement, we bill Buyer for product ONLY, either by pro-forma invoice or by charge to credit card provided by Buyer, when product is ready to ship.
If your product gets lost or damaged during transport, you must settle with the transportation company. We will, of course, co-operate with you and your carrier/forwarder to the best of our ability to help you resolve any documentation needed to help locate the missing shipment. |
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CIF The term stands for "Cost + Insurance + Freight"
When an order is requested "CIF Destination", Buyer pays Seller (Valence Marine) the cost of the product plus transportation (freight) and insurance for the products to reach Destination. Seller then arranges transportation and pays insurance during transit for you. Buyer will receive benefit of insurance for shipment in the event of loss or damage.
When you choose to ship by this method, we will prepare and email you a "pro-forma invoice" including the freight rate and insurance from UPS or comparable carrier (unless the customer specifies a preferred carrier). |
