Quotation
A quotation is a formal statement provided by a seller to a potential buyer, outlining the estimated costs and terms for the supply of goods or services. It includes details such as price, quantity, delivery terms, and payment conditions. Quotations serve as the basis for negotiations and contract agreements between the parties.
Related glossary terms
Freight Forwarder
Freight Forwarder is a company or individual that arranges cargo transportation on behalf of shippers, coordinating carriers, documentation, and customs…
Request for Proposal (RFP)
Request for Proposal (RFP) is a formal document companies issue to invite logistics or supply chain providers to submit proposals based on defined requirements…
Freight Bill
Freight Bill is a carrier-issued invoice to the shipper detailing all transportation charges, including origin, destination, weight, dimensions, and applicable…
All inclusive rate (AI)
An all-inclusive rate (AI) bundles freight, fuel surcharges, and handling fees into one charge. Learn what is covered and how to compare quotes accurately.
