All You Need To Know About FOB

FOB is an important term related to the shipping of goods. It stands for “freight on board” or “free on board” indicating the designation when the ownership or liability of goods gets transferred from the seller to the buyer. The term FOB is often confusing for many in the shipping industry. However, it is crucial that both sellers and buyers must understand the proper FOB definition and scope so that they do not end up in losing dollars. This term determines the responsibility of the party for bearing the charges of freight and also decides the point of time when the shipment is passed over from the sellers to the buyers.

For instance, in case of international shipping, FOB indicates that the consignor is going to bear the loading cost and the transportation cost for sending the goods to the port. The consignee bears expenses related to insurance, ocean freight, unloading and the transportation cost of the goods from the port to the actual destination. The seller in this situation passes over the risk of the goods to the buyer when there is the loading of goods at the port for shipment.

Difference Between Origin And Destination:

FOB origin indicates that the ownership of the goods is transferred as soon as in gets out of the hands of the seller. If shipping of the goods is required then it is the buyer’s responsibility and he or she has to bear the expenses. This type of transaction is often referred to the city name like FOB Boston, FOB San Francisco, etc.

FOB destination, on the other hand, indicates that ownership of goods is transferred to the buyer when the original products reach the doorstep of the buyer. Here, the seller has to arrange for the transportation of the goods for which either he pays or charges the buyer for the expenses. The seller also has to be liable in case the goods suffer any damage while en route.

FOB comes more into the picture when there are wholesale or B2B shipments of large goods.

Use Of FOB In The Shipping Documents:

There are four ways in which the FOB term is included in the documents for shipping:

  • FOB (place of origin)- Freight Collect
  • FOB (place of origin)- Freight Prepaid
  • FOB (place of destination)- Freight Collect
  • FOB (place of destination)- Freight Prepaid

It is important that the shippers understand the FOB designations well especially in case of damages to the goods. Some of the receiving docks totally deny the delivery of the damaged goods without accepting the damage notation. However, when a shipment is designated properly, it is clear that the damage risk has to be borne by the seller or the buyer. In such cases, there is no question of confusion. Moreover, the Incoterm 2010 has also amended the definition of FOB which has made the sale contracts simpler and understandable by all.

Why Does FOB Matter?

The term is particularly important for those companies who are engaged in shipping huge quantities of goods. A clear concept of the FOB term helps in understanding the liability of the party regarding the safety in the delivery of the shipment. It also helps the buyer and the seller in knowing which party owns the materials at a particular point of the shipping cycle. This information is also helpful for the accountants who can maintain instant records of the transactions on the basis of FOB. Moreover, the term is also useful in proper logistics management.

Sales Tax And FOB:

If you are falling in the nexus of any state which charges selling taxes on shipment, then FOB can be your friend. For the packages which have FOB origin marked on them, the buyer pays the freight charges directly by contracting with a shipper. Thus, the seller has no role here. The buyer does not have to bear sales taxes as he has already paid the freight charges which most of the states consider exempted.

When people find the term quite complex to understand and interpret, they often take the help of professionals who are expert in the field. This ensures that you comply with the terms without any faults and the shipments get managed quite fast. FOB incoterms is another interesting aspect which the shipping industry must pay attention to and know about in details.

Market Research Companies – An Overview

Most large to big businesses have their own market research teams. These teams not only conduct research themselves, but most often outsource the requests to specialised companies. In the UK alone there are well over 250 market research companies, some operating in small niche markets. This article focusses on some of the most well known market research companies that operate across the globe.

ACNielsen

is a global marketing research firm and part of The Nielsen Company. One of ACNielsen’s best known creations is the Nielsen ratings, which measure television, radio and newspaper audiences in their respective media markets. Another market research tool is Homescan where sample members track and report all grocery and retail purchases, allowing purchasing patterns to be related to household demographics.

One of the most common used products is Retail Measurement, a tool that provides continuous tracking of product sales to consumers, based on information gathered at the retail point-of-sale (EPOS data)

Other well known ACN Businesses are BASES, Nielsen Consumer, Nielsen Business Media and Nielsen Online.

Forrester Research is an independent technology and market research company that provides its clients with advice about technology’s impact on business and consumers. It offers a variety of services including syndicated research on technology, quantitative market research on consumer technology adoption and business IT spending, research-based consulting and advisory services. On its website you can find a wide range of free research, options to be alerted on new conducted research as well as of the shelf surveys.

GfK SE is a worldwide market research organisation providing services in five business divisions: Custom Research, Retail and Technology, Consumer Tracking, Media and Healthcare. The Custom Research sector supplies information and consulting services for operational and strategic marketing decisions. Retailer POS data is the source for the Retail and Technology sector. The sector supplies clients with information and consulting services based on retail data from continuous surveys and analyses of sales of technical consumer goods and services in the retail sector. The Media Sector delivers information services on range, intensity and nature of media usage and acceptance. The data source for the Media sector stems from the media (point of media).

Ipsos MORI is the second largest survey research organisation in the UK. The organisation has a freely available archive of opinion polls and public attitude research from 1970 onwards, including trends on its UK website. Ipsos MORI’s Social Research Institute works extensively for UK government and public services, looking at public attitudes to key public services which formed a key part of the UK Government’s domestic agenda in 1997-2005. Social policy, and issues such as identity, social cohesion, physical capital and the impact of place on attitudes are all key themes of the Institute’s work. The company also specialises in Media, Loyalty and Marketing and Advertising Research.

Mintel International Group Ltd is a privately owned, London-based market research firm. Mintel databases, analysis, and forecasts are accessible only to subscribing clients and to students in participating university libraries. Some of its products are: Mintel Beauty Innovation (monitors mass media beauty introductions), Mintel Comperemedia (tracks direct mail and print advertising), Mintel Food & Drink (combines 5 products to deliver actionable market intelligence) and Mintel Menu Insights (tracks items on US restaurant menus). Mintel is mostly known for its reports, which are published online and contain consumer research and analysis.

SymphonyIRI Group (formerly Information Resources, Inc.) is a market research company which provides clients with consumer, shopper, and retail market intelligence and analysis focused on the consumer packaged goods (CPG) industry. They offer services in the following areas: Market Content (Retail tracking data, convenience store tracking data and consumer panel-based data), Predictive Analytics (Decomposition of the drivers of current business trends and simulation of the effects of changes on future brand plans), Enterprise Performance Management Software (Tools to support faster analysis of market content) and Professional Services / Consulting.

WPP is is the world’s largest communications services group in terms of revenue. Kantar, based in London, was founded in 1993 as the Market Research, Information and Consultancy Division of WPP. It is a network of 13 specialist companies, including:

Research International specialises in qualitative and quantitative custom market research. It has experience in most major sectors, particularly consumer packaged goods, retail, new media, financial services, energy and utilities, technology, the postal sector and telecommunications.

Millward Brown provides qualitative, quantitative and consulting services with respect to brands, marketing communications, media and marketing effectiveness. Millward Brown works across a range of industries and categories, including brand strategy and experience, creative development and campaign evaluation, consumer needs and values, media planning and strategy, return on investment (ROI) and forecasting, and investment management, brand valuation and analytics through its MB Optimor unit. In the UK, Millward Brown currently compiles the Music and Video Charts on behalf of The Official Charts Company.

Taylor Nelson Sofres (TNS) is a leading market research and market information group with focus on the areas Automotive, Consumer, Finance, Political and Social, and Technology.

Weight Control And Your Longevity (1)

Weight control holds the key to longevity. You do not find overweight centenarians, do you? So, to live long, you need to lose weight, at least control it.

This week marked a milestone in the pharmaceutical industry: the launching of the first FDA-approved over-the-counter weight-loss drug – ALLI. It has already created a sensation in the media: a multi-million advertising campaign for a multi-billion drug for millions of consumers craving for a miracle drug that would stave off their craving for food.

This sensation created by ALLI goes to show how desperate consumers are in their search for the holy grail of a weight-loss drug. With the blessing from the FDA, many consumers seem to have the illusion that they can now continue their binge without adding weight – something akin to "no pain and no gain."

ALLI is no magic bullet. "This is not a pill, it's a plan," says Pat Barid, a registered dietitian and consultant for the drug manufacturer. Similarly, the drug is efficient in guiding and preparing you to lose weight gradually by eating smaller portions, following a reduced-calorie, low-fat diet, and becoming more physically active. If that is the scenario, then why do you need to take the drug? A drug is still a drug, which is a chemical – you do not take it unless you absolutely have to.

Ah, but you want to lose weight – and you want to eat to your heart content too !. In other words, you want to eat your cake and have it too. You can do that at the expense of gaining unwanted weight. It is not only a dilemma but also a frustration.

Focusing on losing weight is like running after a red herring – it is frustrating and futile.

Why?

The bathroom scale just indicates your body weight, and that that is all. It does not tell you how much fat or muscle you may have lost during a given diet. It may not even tell if you are healthy or not, unless you are grossly overweight. Therefore, do not become obsessed with your weight. After all, your body weight always fluctuates – which is a fact, and which is very normal.

When you go on any diet, your body's metabolism immediately starts to react and to slow down, and that accounts for the initial weight loss in any diet program – so do not be overjoyed and jump to the conclusion that it works. It is only a self-delusion: initially your body loses only water, not your body fat.

Given that lean muscle mass requires calories at times of rest, the amount of muscle you maintain directly affects your metabolism in a positive way. You burn calories while you sleep. In other words, the more muscle you have, the higher your metabolism rate is, and the more calories you will burn. The converse is also true: as you lose your muscle mass, your metabolism rate decreases, and so does your weight-loss rate. That explains why you would stop losing weight after have been on any weight-loss program. On the other hand, fat, being inert, has little or no effect whatever on your body's rate of metabolism. These are the fundamentals for better understanding of how weight loss occurs.

The maximum amount of weight (fat or muscle) you can actually lose in one day is about one half pound. Since your body is about 60 percent water and one gallon of water weighs approximately eight pounds, any additional weight loss greater than one half pound may only be water, and not your body fat. Therefore, when your body replaces the water lost, weight gain will re-occur, and you are right back to where you started at an unhealthy weight. Does that sound familiar to you?

Consider this: 3,500 calories equal one pound of your body weight.

Do your math: To lose 10 pounds, you have to expend 35,000 more calories than you consume; and to lose 10 pounds in two weeks, you need to burn 2,500 more calories a day. You know very well that it is not a piece of cake! That explains why you forever can not lose your weight, not to mention controlling it. So forget about weight loss!

Losing weight is forever "impossible" to many individuals because they have become obsessed with numbers. They are forever playing the losing game of numbers. They have to count their calories, their carbohydrates, and their proteins, among others. Profit-making diet plans allure them with numbers, both "hard" and "soft" data, to the land of myths and fallacies, where they end up only in frustration and disappointment.

Remember this simple factor: Weight loss occurs only when the calories you consume are less than the calories you use up. This is the most important factor in weight loss, also one most difficult to achieve. Trying to circumvent it with state of the art is nothing short of impossibility. That is why most weight-loss plans are always about counting calories: giving you a calorie chart, calculating your daily total calorie need, and then instructing you to eat less than that, hoping against hope that your weight will drop dramatically.

So how to lose weight without drugs? Read Part Two of this article.

Motorcycle LED Lights – Your Motorcycle Accessories!

First you have to keep in mind that quality is everything of concern with these lights. You certainly may always get everything that you in fact pay for, and your motorcycle led lights certainly can be considered as no exception to this particular rule. As you may be riding your motorcycle in every conditions, so you just have to be sure that all the light products are water proof. You also have to be sure that enough of wire is provided along with these motorcycle LED lights so that they can be installed easily anywhere on your bike.

You also should have a long time warranty against these lights so that you can always get your replacement when they are just not working. In case you are just purchasing a good quality product then failures may be very rare as these lights are always made from best quality products. You also have to be sure that you get the right product that actually suits your bike in order to achieve the perfect looks for your motorcycle. You can always manage to get a wide variety of shapes and colors and always keep in mind that any motorcycle LED lights may not just be right for any type of job, so always make a wise decision.

Always try to understand the importance of these lights so it is very much capable to add all the ground effects to your best motorcycle. You certainly can choose to light your motorcycle engine and mirrors along with number plates and side indicators. Placing a LED light under the seat may always add lots of fun and excitement to your riding. You can also make use of some of the best quality state of the art type of motorcycle LED lights so that you cab just be sure that you get the best light display. They certainly can be used to decorate the border of your bike and you can always make use of different color to decorate your motorcycle.

You can always make use of 3 Watts or even 5 Watts motorcycle LED lights in place of head lights and a combination can certainly work its miracle. These types certainly are more brighter as compared to any other standard bulb. You have to keep in mind that the amount of light reflected by these bulbs certainly may depend a lot on the size and type of reflectors that are used in the motorcycle head lamps. So, you just can distribute these LED motorcycle lights at various places in your motorcycle and get the best use out of it.