7, INCOTERMS QUICK REFERENCE GUIDE. 8. 9, TERM, EXW, FCA, FAS, FOB, CFR, CIF, CPT, CIP, DAF, DES, DEQ, DDU, DDP. 10, Ex-Works, Free. International Commercial Terms (‘Incoterms’) are internationally recognized standard trade terms used in The current set of Incoterms® is Incoterms BASIC OVERVIEW. OF THE INCOTERMS® RULES This guide is designed to give you a quick overview of the Incoterms® rules frequently .
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The buyer chooses the transport method and carrier. Rules associated with all modes of transport: The FAS term requires the seller to clear the goods for export.
The export formalities are the responsibility of the seller. Costs and risks are transferred at tabkeau moment of delivery to the buyer. The costs and risks of unloading are borne by the buyer.
Incoterms set dfs how the associated costs and risks are apportioned. The seller clears the goods for export. The seller is responsible for everything, including import customs clearance and the payment of all applicable duties and taxes.
Risks are tabbleau at the same point as for FOB. There are 11 Incoterms whish are divided into ttableau distinct groups: These place most of the risks of carriage on the seller. The seller has accomplished the delivery when the goods, once unloaded from the arriving means of transport — whether vessel, aircraft, truck, train or pipeline — are placed at the disposal of the buyer at the specified terminal at the port or destination specified in the contract of sale. The seller has fulfilled his obligation to deliver when he has delivered the goods, cleared for export, to the carrier nominated by the buyer at the named place.
They take into account evolutions in international trade practices, the emergence of questions surrounding security. The seller must choose the ship and pay the costs and freight necessary to bring the goods to the named port of destination.
Which incoterm should be used, notably with a Credoc? The seller is bound by the same obligations as for CFR, but must also procure marine insurance against the risk of loss of or damage to the goods during the carriage.
The seller is bound by the same obligations as for CPT, but must also procure insurance against the risk of loss of or damage to the goods during carriage. Friday 09 November Sales on arrival are covered by 3 incoterms: It is similar to DAT, except that delivery can be accomplished at any place mutually agreed upon.
Why must the seller favour the DAP? Home Our product range.
Tableau explicatif des Incoterms –
The risks transfer from the seller to the buyer at the point where the goods are delivered to the first carrier. These place most of the risks of carriage on the buyer. The seller has fulfilled his obligation to deliver when the goods are made available on his incotefms premises workshop, factory, warehouse, etc.
He pays for the main transport. Costs and risks are transferred at the moment the carrier takes charge of the goods.
These place most of the risks of carriage on the buyer Incoterms multimodaux — Sale on departure: This term represents the minimum obligation for the seller. Sales on departure are covered by 8 incoterms: Incoterms specify the respective responsibilities of the parties, but do not specify the point at which title is transferred. DAT requires the seller to clear the goods for export.
Does FCA cover risk to goods? He also clears the goods for export.
The seller chooses the transport method and pays the cost of carriage for the goods to the named destination.