Pricing
We act as an apparel manufacturer and established buying house. Here are the typical steps involved in apparel manufacturing and buying house operations:
Design and Development
Sourcing
Cutting
Sewing
Production Monitoring
Quality Control
Finishing
Packaging
Logistics and Shipping
Communication and Coordination
We placed the FOB price by evaluating the aspects mentioned above.
What is FOB?
FOB stands for “Free On Board” and is a commonly used term in international trade and shipping. It is an Incoterm (International Commercial Terms) that defines the responsibilities and costs associated with the delivery of goods from a seller to a buyer.
When used in a sales contract, FOB indicates the point at which the seller’s responsibility for the goods ends, and the buyer’s responsibility and liability begin. The term specifies who will be responsible for the costs and risks associated with the transportation and delivery of the goods.
FOB has two variations commonly used:
FOB Origin: FOB Origin means that the buyer takes ownership and responsibility for the goods as soon as they are shipped from the seller’s location or origin. The buyer bears the costs and risks associated with transportation, including freight charges, insurance, customs duties, and any other expenses incurred until the goods reach the destination.
FOB Destination: FOB Destination means that the seller retains ownership and responsibility for the goods until they reach the buyer’s specified destination. The seller covers the costs and risks associated with transportation, including freight charges, insurance, customs duties, and other expenses until the goods are delivered to the buyer’s location.
We ensure all products in the catalog are FOB price. Custom orders are negotiated separately.
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Payment Procedure
In order to ensure a safe and easy payment process, we accept payments from 234 countries all over the world. These are the payment methods we accept:
Credit and Debit Cards:
Debit and credit card money transfers allow for fast, direct funds movement to bank accounts or prepaid cards.
Wire and Bank Transfer:
A bank transfer, also known as a wire transfer or electronic funds transfer, enables the secure and direct movement of money between accounts. This can be done through online banking, mobile apps, or in-person at a branch for both domestic and international transactions. Key details required for a bank transfer include the recipient’s full name, bank or branch name, account number, or mobile number for transfers to mobile wallets.
T/T Payments:
A Telegraphic Transfer (TT) is a secure and electronic method of transferring funds directly from one bank to another. It is primarily used for international business payments and is also known as a wire transfer or SWIFT transfer. This process usually takes between 1 to 5 business days and may involve fees from the sending, intermediary, and receiving banks, along with a currency markup.
Western Union & Wise Money Transfer:
Western Union offers online, mobile, and in-person money transfer services, while Wise offers electronic transfers only, plus a multi-currency account. Wise is available in 140 countries, compared to Western Union’s 200.