Okay, Got it. Thank you very much BJ for your help.
----- Original Message ----- From: "BJ Freeman" <[EMAIL PROTECTED]> To: [email protected] Sent: Monday, December 8, 2008 10:45:45 AM GMT +05:30 Chennai, Kolkata, Mumbai, New Delhi Subject: Re: Question regarding FOB cost it can also include the Cost of product your selling. so you buy a product from a wholesaler instead of manufacture. FOB = Product price from suppler +markup +Transportation+insurance cost. one change to yours FOB = Production Cost + markup+ transportation cost + insurance cost FOB calculations would need a destination for transportation cost and if insurance is wanted So I would think FOB would be part of the Shipment type in the (purchase) order header This would also then have a shipment section that the customer would pay like in the example. not sure this part needs to be in the OTTB version. any way I believe all the entities are there for this. Sumit Pandit sent the following on 12/7/2008 8:25 PM: > Thanks Jacques and BJ for your valuable suggestions. >>From definition given by you I got that > > FOB is not a single cost, it is a collective cost. Which includes : > FOB = Production Cost + transportation cost + insurance cost > So we can say that FOB is to total cost to the Manufacturer. > > So according to this concept now we doesn't need to add a new entry in the > entity " CostComponentType". When ever we need to represent FOB cost we just > add production cost, transportation cost and insurance cost of product and > represent it. > > > Let me correct if I am wrong. > > Thanks And Regards > Sumit Pandit. > > > > ----- Original Message ----- > From: "BJ Freeman" <[EMAIL PROTECTED]> > To: [email protected] > Sent: Monday, December 8, 2008 1:17:06 AM GMT +05:30 Chennai, Kolkata, > Mumbai, New Delhi > Subject: Re: Question regarding FOB cost > > guess it comes to interpretation > CIF: > Cost, insurance and freight, whereby the quoted price for physical > material includes all costs incurred in shipping the metal to the > customer’s location including insurance. > > FOB / FOT > Free on board/Free on truck, whereby the quoted price for physical > material includes all costs incurred in getting the metal to and loaded > onto the means of transport. > > Free On Board. A shipping term which indicates that the supplier pays > the shipping costs (and usually also the insurance costs) from the point > of manufacture to a specified destination, at which point the buyer > takes responsibility. > > Free On Board (FOB) > > term indicating delivery will be made on board or into a carrier by the > shipper without charge. The abbreviation FOB is followed by a shipping > point or destination. The invoice price includes delivery at seller's > expense and seller's risk to the specified location. For example, "FOB > our warehouse in Duluth, Minnesota," means to a buyer requesting New > York City delivery that the seller who might have its headquarters and > billing office in Chicago, will pay shipping costs from Duluth to New > York. Title usually passes from seller to buyer at the FOB point. > > > > Jacques Le Roux sent the following on 12/7/2008 11:30 AM: >> Isn'it quite clear from here (1s link in Google I found on "FOB cost") ? >> http://people.hofstra.edu/geotrans/eng/ch2en/conc2en/fobcif.html >> >> Jacques >> >> From: "BJ Freeman" <[EMAIL PROTECTED]> >>> My understanding of FOB is the shipping cost are the responsibility of >>> the buyer, from the shippers dock. >>> I checked a couple of definition from google and they bare this out. >>> so I would think these would have more todo with route segments. >>> >>> Sumit Pandit sent the following on 12/5/2008 10:07 PM: >>>> Hello Devs, >>>> I need suggestion regarding to the FOB cost. For this can I add a new >>>> entry in CostComponentType entity ? >>>> Thanks in advance Sumit Pandit >>>> >> > >
