Doing business, especially with a party based in another country, can be pretty complicated. As we go deeper into international business, things can get confusing. Here, let us try and look into the term Freight Collect as used in international shipping.
Import of goods to a country normally involves payment of its customs duty, taxes, or any other charges to the government at the time of import. However, in some special cases, goods are allowed to be imported without payment of customs duties and other charges upfront. These are called bonded goods