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    The document discusses Incoterms, which are international commercial terms established by the ICC that define the responsibilities of buyers and sellers. It outlines 13 Incoterms separated into E, F, C, and D terms. E terms refer to when goods are collected at the seller's premises. F terms refer to when the seller delivers goods to a carrier but assumes costs only up to that point. C terms refer to when the seller is responsible for main carriage costs as well as insurance. D terms refer to when goods are delivered to the buyer and the seller is responsible for all costs including import taxes in some cases.

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    46 INCOTERMS

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    The document discusses Incoterms, which are international commercial terms established by the ICC that define the responsibilities of buyers and sellers. It outlines 13 Incoterms separated into E, F, C, and D terms. E terms refer to when goods are collected at the seller's premises. F terms refer to when the seller delivers goods to a carrier but assumes costs only up to that point. C terms refer to when the seller is responsible for main carriage costs as well as insurance. D terms refer to when goods are delivered to the buyer and the seller is responsible for all costs including import taxes in some cases.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    15 views1 page

    46 Incoterms

    Uploaded by

    Peacehome
    The document discusses Incoterms, which are international commercial terms established by the ICC that define the responsibilities of buyers and sellers. It outlines 13 Incoterms separated into E, F, C, and D terms. E terms refer to when goods are collected at the seller's premises. F terms refer to when the seller delivers goods to a carrier but assumes costs only up to that point. C terms refer to when the seller is responsible for main carriage costs as well as insurance. D terms refer to when goods are delivered to the buyer and the seller is responsible for all costs including import taxes in some cases.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    of 1

    Established by the International Chamber of Commerce (ICC) - state the responsibilities of the buyer and the seller

    A. Transport and additional costs

    Incoterm (International Commercial Terms)

    Additional cost Documentation Customs clearance

    the costs on top of the cost of the goods preparing all the necessary documents

    completing import documents and paying any import duties or taxes, and transport insurance

    E Terms (Departure)

    Premises - place of business

    EXW - Ex Works

    buyer collects the goods at the seller's own premises and insurance against loss or damage to the goods in transit

    arranges

    B. The E and F terms

    Seller delivers the goods to a carrier appointed by the buyer and located in the seller's country. The buyer arranges insurance FCA - Free Carrier
    the goods are delivered to a named place where the carrier can load them onto a truck, train or aeoplane seller delivers the goods to the quay next to the ship in the port seller pays for loading the goods onto the ship

    F Terms (Free, Main Carriage Unpaid)

    FAS - Free Alongside Ship FOB - Free On Board

    Seller arranges and pays for the carriage of transportation of the goods (Freight), but not for the payment of customs duties and taxes.

    INCOTERMS
    C Terms (Main Carriage Paid)

    CFR & CPT

    CFR - Cost and Freight CPT - Carriage Paid To CIF - Cost, Insurance and Freight CIP - Carriage and Insurance Paid To

    buyer is responsible for insurance

    CIF & CIP

    seller arranges and pays for insurance

    Seller pays all the costs involved in transporting the goods to the country of destination, including insurance DAF - Delivered At Frontier
    importer is responsible for preparing the documentation and getting the goods through customs

    C. The C and D terms

    DES - Delivered Ex Ship

    buyer pays for unloading the goods from the ship

    DES & DEQ

    Goods are delivered by ship to a port, 2 parties can choose who pays for unloading the goods onto the quay DEQ - Delivered Ex Quay
    seller pays for unloading from the goods from the ship to the quay, and for the payment of customs duties and taxes

    D Terms (Delivered/Arrival)

    DDU - Delivered Duty Unpaid

    buyer pays any import taxes

    DDU & DDP


    DDP - Delivered Duty Paid
    seller pays any import taxes

    Goods go through customs and are delivered to the buyer

    46 INCOTERMS.mmap - 10/7/2012 - Mindjet

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