What does freight on actuals mean?

Typically, means freight is paid on actual quantity of cargo delivered.

What does paid on actuals mean?

Actual Payment means, with respect to a Receivable and a Collection Period, all payments received by the Servicer from or for the account of the related Obligor on such Receivable during such Collection Period, net of any Supplemental Servicing Fees attributable to such Receivable. Sample 2.

What does PPD shipping mean?

PPD/ADD: Pre-paid and Add to the invoice – the seller will contract and pre-pay the delivery cost to the carrier and then invoice the customer for the expense.

What does actuals mean?

plural of actual. (accounting, project management) Documented historical results; things that have happened rather than things that are planned. This year’s projections are above prior year actuals by five percent. (business) Physical commodities or financial instruments which are traded in futures contracts.

What are actuals?

Actuals are the underlying commodities that have been standardized for futures contracts. Actuals can be any commodity, but some commonly traded commodities include crude oil, heating oil, natural gas, gold, copper, silver, platinum, wheat, corn, and soy.

What is Freight extra?

Incidental Shipping Charges Part I: Freight and Customs-Related Extra Costs. The freight quote you receive from a carrier or freight forwarder is an estimate of the total cost of importing or exporting a consignment of goods from one point to another based on the chosen mode of transport.

What does freight mean on an invoice?

A freight invoice, or freight bill, according to Merriam-Webster is: A bill rendered by a carrier to a consignee of freight and containing an identifying description of the freight, the name of the shipper, the point of origin of the shipment, its weight, and the number of charges. Date of shipment.