NOTE :
The trade terms shall be governed and interpreted by the provisions of the latest INCOTERMS. The price of the vehicle = Your successful bid price FOB (Free on Board) = The price of the vehicle + Total charges CFR (Cost and Freight) = FOB + Ocean freight charge CIF (Cost, Insurance, and Freight) = CFR + Insurance charge
Example Case
On June 01, 2010, a MITSUBISHI LANCER is purchased for 1,000,000JPY at USS Nagoya and is exported to England, UK by RO/RO ship.
If this purchase satisfies the agent service discount criteria, a 30,000JPY discount is applied.