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International Trade Terms

Categories: Ahead NewsStars: 3Stars Visit: - Release time: 2015-12-08 10:18:00
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International Trade Terms --- Aheadmold

EXW (EXW - Ex Works / Buyer Pays) - EXW - Ex Works (named place) The seller makes the goods available at his premises. The buyer is responsible for all charges. Used for any mode of transportation.

FCA (FCA - Free Carrier) - FCA - Free Carrier (named place) The seller hands over the goods, cleared for export, into the custody of the first carrier (named by the buyer) at the named place. Used for any mode of transportation.

FAS (FAS - Free Alongside Ship) - FAS - Free Alongside Ship (named loading port) The seller must place the goods alongside the ship at the named port. The seller must clear the goods for export. Maritime transport only.

FOB (FOB - Free On Board) - FOB - Free On Board (named loading port) The seller must load the goods on board the ship nominated by the buyer, cost and risk being transferred to buyer once on board. The seller must clear the goods for export. Maritime transport only.

CFR (CFR - Cost and Freight) - CFR - Cost and Freight (named destination port) Seller must pay the costs and freight to bring the goods to the port of destination. However, risk is transferred to the buyer once the goods have crossed the ship's rail. Maritime transport only.

CIF (CIF - Cost, Insurance and Freight) - CIF - Cost, Insurance and Freight (named destination port) Seller must pay the costs, insurance, and freight to bring the goods to the port of destination. However, risk is transferred to the buyer once the goods have crossed the ship's rail. Maritime transport only.

CPT (CPT - Carriage Paid To) - CPT - Carriage Paid To (named place of destination) The seller pays for carriage to the named point of destination, but risk passes when the goods are handed over to the first carrier. Used for any mode of transportation.

CIP (CIP - Carriage and Insurance Paid To) - CIP - Carriage and Insurance Paid To (named place of destination) Seller pays for carriage and insurance to the named destination point, but risk passes when the goods are handed over to the first carrier. Used for any mode of transportation.

DAF (DAF - Delivered At Frontier) - DAF - Delivered At Frontier (named place) The seller pays for transportation to the named place of delivery at the frontier (typically a border point). The buyer arranges for customs clearance and pays for transportation from the frontier to his location. The passing of risk occurs at the frontier. Used for any mode of transporation.

DES (DES - Delivered Ex Ship) - DES - Delivered Ex Ship (named port) The passing of risk and title does not occur until the ship has arrived at the named port of destination and the goods made available for unloading to the buyer. Title, risk, and cost for unloading the goods are the Buyers responsibility. Maritime transport only.

DEQ (DEQ - Delivered Ex Quay) - DEQ - Delivered Ex Quay (named port) The passing of risk and title does not occur until the ship has arrived at the named port of destination and unloaded. Maritime transport only.

DDU (DDU - Delivered Duty Unpaid) - DDU - Delivered Duty Unpaid (named destination place) The seller delivers the goods to the buyer at the named place of destination in the contract of sale. The goods are not cleared for import or unloaded from any form of transport at the place of destination. The buyer is responsible for the costs and risks for the unloading, duty and any subsequent delivery beyond the place of destination. Used for any mode of transporation.

DDP (DDP - Delivered Duty Paid / Supplier Pays) - DDP - Delivered Duty Paid (named destination place) The seller pays for all transportation costs and bears all risk until the goods have been delivered to the named destination point and pays the duty. Also used interchangeably with the term "Free Domicile". Used for any mode of transportation.

OTH (OTH - Other) - Buyer specified requirement.

Article come from Mold Manufacturer China-AHEADMOLD,website is WWW.AHEADMOLD.COM.

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