Your freight shipping payment terms might confuse you. That said, "freight prepaid" and "freight collect" should never leave you questioning where your liability and responsibilities lie.
Set your supply chain and business up for success by understanding these important terms.
In this video, Mike quickly defines what "prepaid" and "collect" mean, for both shippers and consignees, when they appear on an invoice.
Check out the article on this topic: Prepaid Vs. Freight Collect: What's the Difference?
Additional terminology-related content:
- Trucking Terminology: A Glossary of Common Shipping Terms
- Trucking Industry Acronym and Abbreviation Quick-Guide