UNITED STATES F.O.H.

Dominion, Volume 13, Issue 62, 6 December 1919, Page 14

UNITED STATES F.O.H.

EXPORT ABBREVIATIONS. Imports from tho United States into New Zealand have been expanding, and although this trade may turn out to bo temporary it, is desirable that our importers should be to some extent familiar with tho commercial abbreviations applied by Americans to their export trade and the definitions of same. F.o.b. London and f.o.b. New York do not mean tho Bamo thing. In tho United States there is a restric'.cd meaning of f.o.b. However, tho following abbreviations and definitions are compiled by a firm of New York shippers and should prove instructive-:—

F.o.b. Mill or Factory—lmplies no obligation on our part to load on i.ars and obtain B/L; in event of embargoes, etc., wc ■ could coiicct vs. certified mill iuvoico or warehouse receipt.

F.o.b. Oars, Mill or Factory-Obligates us to load and obtain B/b, responsibility ceasing thore.

P.o.b. Oars. Mill or Factory, Freight Allowed to NX—Samo ns'No. 2, except that we allow current freight to New York.

F.o.b. Oars NX-Obligates us to load, obtain B/L, and responsibility endures until arrival of cars at NX

Ex Warehouse, NX—Obligates us to surrender purchaser or his agent negotiable warehouse receipt. Our responsibility ceases as to insurance and as to acMral condition of material after tho transfer has been completed.

.F.a.B. Steamer NX—Obligates us to load at, mill, obtain 11/ L, and deliver alongside vessel by lighter or lloat. Responsibility ceases when delivered alongside. Usually llicro ia no additional charge for tutting aboard vessel, but nhould there be, same is for customer's account. Should read

"t.a.s. steamer, NX, within lighterage limits." Should bo careful to specify whether B/L ia to bo "for export" or "for domestic," as export lighterage limits are broader than domestic. "F.a.s. steamer, NX" obviates our responsibility for accident, ainkago after alongside, shutting out of freight, or demurrage charges' on lighter delays.

P.o.b. Steamer, N.Y.-Obligatcs us to deliver from lighter or lloat actually to the vessel, ana wo would bo- liable for lighter demurrage.

0. and f. to a Foreign Port—Means that we only include coot and freight, and responsibility ceases when we obtain ocean 11/ li. We colled as soon as wo receive ocean 1!/L.

O.i.f—Means that. we include coat, all freights, and all insurance charges (not specifically excluded) "to" a foreign port. When goods aro sold "c.i.f." the weaning is that the price named shall include the cost of the goods—that is, their selling price, the freight upon Ihcra, and insurance during transit. The amount so named Doing paidi or. promised, it bocomce the duty of the seller to supply tho goods and to pay out of his own. pocket tho freight and insurance upon them. The seller does noi undertake to deliver tho goods at their destination, nor does ho mako himself responsible for them during transit. Ho simply agrees to pay two charges (freight and insurance), which, in the absenco of tiiis agreement, would fall upon tho buyer. In all other respects their relations aro the same as in an ordinary aalo, respectively f.O.b. atcamcr.

O.i.f. and ti.-Mcans that wo include also expenso of exchange.

C.i.f. and o—Manns that wo include also selling or purchase commission.

HIDE AND TALLOW &ALES. The Wairarapa Farmers' Co-operativo Association. Ltd., report that, their fortnightly sales of hides, calfskins, tallow, etc., wcro held yesterday. There was a good attendance of buyers, and considerable competition, j'rices were on a par with tho previous sale. They inoted as follows, Government schedule prico per lb., f.0.b.. being montioncd first ind auction prico per lb., ex store, second:—Hides —Ox, sound, 701b. and over. 12Jd. to 144., 17Jd. to lBild.; ox, Bound, 591b. to 691b.,' 12(1. to UJd., 17Jd. to 163<1.; ox, sound, Mlb. to 581b., Hid. to 123 d., 17d. to 188 d.; ox, sound, •451b. to 521b., Mid. io lljd.. J7d. to !&?d.; ox, sound, 331b. to 441b., 9=d. to lljd., lVjd. to 19d.; ox, cut and slippy, nit gradcß, Id. to 2d. per lb. less, 14<1. to 173 d.; cow, sound, 451b. and over, 10.'.d. to 12d„ 17d. to 18jjd.; cow, sound, 3olb. to 141b., ICJd. to 12d., 15Jd. to 19Jd.; cow, cut and slippy (all grados), Id. to 2d. per lb. less, 9ld. to Hfcl; yearling and kip, sound, ;ll'b. to 161b., 13>d. to 15d., IBJd. to 30d.; yearling and kip, sound, 171b. to 321b„ ma. to 13d., 2Cd. to 24\d.; yearling and kip, cut and slippy (all grades), Id. to 2d. per lb. less, lOd. to 27d. Calf, sound (tanncro): Ist quality, under 61b., 22d. to 2<!d.; calf, Bound, 61b. to 81b., 21d. to 23d.; calf, sound 91b. to 101b., 19d. to 21d. Oalt, cut and slippy, IOJd. to 37d.; bull stag (not scheduled), BJd. to 12d.; horse (not scheduled), 12s. to 20s. 6d. Tallow; In ciiblcb 60s. to 71s. 6d., in tins, etc., 225. to 68s. Sundries: Horsehair, 15d. to ISJd.; tails, 12d. to 18d.

Messrß. Murray, Roberts and Co., Ltd., report:—We submitted a catalogue of 6CO hides and calfskins.. Tanners selected very freely throughout all grades, with tlto exception of damaged calfskiiiß. Competition was keen, but nt a somewhat lower rango of values on the whole for hides; lvhilo kip and calfskins showed a slight advance on last sale's prices. Tallow was firm, with more demand.

Messrs. Dalgety and Co., Ltd., report:At, ou.r fortnightly sale thero was keen competition for sound cow hides, and prices for other descriptions were, generally, on a par with the rates ruling at last sale.

Messrs. Abraham and Williams, Ltd., report:—At our fortnightly tale wo offered a fair catalogue of all descriptions of hides, which elicited keen competition at a range of values which were jd. to Id. below our last Kale for sound qx and cow hides, and cut and nlippy hides were all) much easier. Tanners took all sound calfskins at schedule rates, also a, good proportion of other lots in our catalogue. Tho New Zealand Loan and Mercantile Agency Company, Ltd., report:—Tho usual fortnightly sale was held to-day. Our catalogue comprised a fair selection <f light hides, calfskins, and a small ounntity of tallow. There was n good attendance of buyers, and bidding was brisk for all lots at about' last sale's prices. The tanners exercised their right under Ihe Government schedule prices, and teok 50 per cent of all lots cf sound'hides, and all the beet calfskins. The remainder, submitted to auction, fetched for bides from Ed. to 7d. per lb. for heavy and medium, and from lid. to 13d. for light hides, above Government schedule nrir.M.

Messrs. Levin and. Co.rpniy, Ltd, roport:—Wo held a sale to-day by auction of hides and tallow. W« submitted a fairsized catalogue, in the uaual attendance of tanners and exporters. Tanners exercised their right of selection frrcly on all lots of sound hides, cut and slippy line, and sound calfskins. Competition for lols not Eolectod by tannors lva; inimatcd. consequently the market wiib., firm all round nt rates ruling at the sals SwM a fortnight ago.