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Trucking Company; Address: Contact Person; City / State / Zip: Phone# Phone# Pickup Date; Scheduled: Actual: Pickup Hours: Delivery Date; Scheduled: Actual: Line #.

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So Freight Prepaid is the fare paid in advance, which means that the exporter(Shipper) will pay the fare. On the other hand, Freight Collect is to take the fare at the importer(Consignee) side.

In a 'freight collect' payment, freight charges are billed to the party receiving a shipment, often called the consignee, rather than the party sending it over. Basically, the person that 'collects' the shipment at the end has to pay for the cost of its transit.

Collect vs. Prepaid. Shipments that are sent collect require the receiving party to pay all shipping charges. Shipments that are sent prepaid require the party shipping the freight to pay all shipping charges.

It is also called 'Collect upon Arrival', and it implies that shipping, as well as additional charges, are the responsibility of the shipment receiver. Similarly, Freight Prepaid denotes that the shipping charges are the responsibility of the shipper or consignor.

So Freight Prepaid is the fare paid in advance, which means that the exporter(Shipper) will pay the fare. On the other hand, Freight Collect is to take the fare at the importer(Consignee) side.

This is called routing shipments inbound "collect." Collect is a billing option, in which you are invoiced by the carrier. It does not mean paying the driver at the time of delivery. In general, there are many benefits to having your inbound shipments routed collect. First, it usually saves a lot of money.

The term “freight collect,” when listed on a transportation agreement, indicates that the receiver (or consignee) of the cargo is responsible for paying for its transportation.

A vendor prepayment is a posting transaction that impacts the general ledger without offsetting the Accounts Payable account. When the vendor prepayment is applied, the Accounts Payable account is offset. Vendor prepayment transactions support the Multi-Book Accounting feature.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232