On todays episode we join our resident expert Terry Haddix to discuss common terms you will see and use in lumber sales. Not in lumber? That's cool. Many of these terms will translate to most business transactions.
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FOB – “Free on Board”, FOB Mill, FOB mill plus or mill plus freight, Delivered,
Subject to prior sale/sub prior, No prior selection/NPS,PTS/price Time of Shipment, 1% 10 net11, Net 30, COD, CIA, Count, CIF, Pencil Trim, and a few others!
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All thoughts and opinions are our own and do not represent the opinions of our employer.
