For information about how to purchase cars, please refer to Purchase Guide menu on our web site.
Q: What is FOB - Free On Board?
A: A trade term requiring the seller to deliver goods on board a vessel designated by the buyer. The seller fulfills its obligations to deliver when the goods have passed over the ship's rail.
Q: What is CIF - Insurance and Freight?
A: A trade term requiring the seller to arrange for the carriage of goods by sea to a port of destination, and provide the buyer with the documents necessary to obtain the goods from the carrier.
Q: What is Purchase Order?
A: A formal request for goods or services. The purchase order shows the quantity of goods or services ordered, expected receipt date, and supplier name. The purchase order may also include other information pertaining to the delivery of the goods or services.
Q: What is L/C - Letter of Credit?
A: A document issued by a bank that guarantees the payment of a customer's draft; substitutes the bank's credit for the customer's credit.
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