Indiana University - Shipping Title and Payment Terms
Shipping Title and Terms: These two fields identify who is responsible for a shipment during transit and who pays freight:
SHIPPING TITLE = IDENTIFIES OWNERSHIP DURING SHIPMENT:
Customs – International Port = Vendor responsible from factory to international port; IU responsible from international port to IU
Customs – US Port = Vendor responsible from factory to US port; IU responsible from US port to IU
Destination = Vendor retains ownership until shipment reaches destination
Origin (Vendor location) = IU takes ownership at vendor location
Shipping Point = IU takes ownership from shipping point
SHIPPING PAYMENT TERMS = IDENTIFIES WHO PAYS FOR SHIPMENT:
IU Pays, Part of PO (Prepaid and Add) = shipping charges are paid by vendor and added to invoice for IU to pay against PO.
IU Pays, Separate Bill (Collect) = shipping charges paid by IU to shipper at time of delivery.
Paid by 3rd Party = Shipping charges paid by a 3rd party
Vendor Pays (Allowed) = Shipping charges paid by vendor