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    INCOTERMS® 2010 Trade Terms: Seller'S Responsibility

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    Anonymous nYvtSgoQ
    The document outlines various international trade terms (INCOTERMS) that describe the responsibilities of buyers and sellers in international trade. It provides a chart that defines 13 common trade terms (such as EXW, FOB, CIF, DDP) and specifies which parties are responsible for key costs such as product costs, export documentation, freight, insurance, and import duties and fees under each term. The trade terms allocate responsibilities between buyers and sellers to clarify liability and risk management in international sales contracts.

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    © All Rights Reserved
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    INCOTERMS® 2010 Trade Terms: Seller'S Responsibility

    Uploaded by

    Anonymous nYvtSgoQ
    28 views1 page
    The document outlines various international trade terms (INCOTERMS) that describe the responsibilities of buyers and sellers in international trade. It provides a chart that defines 13 common trade terms (such as EXW, FOB, CIF, DDP) and specifies which parties are responsible for key costs such as product costs, export documentation, freight, insurance, and import duties and fees under each term. The trade terms allocate responsibilities between buyers and sellers to clarify liability and risk management in international sales contracts.

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    Incoterms

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    Incoterms

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    The document outlines various international trade terms (INCOTERMS) that describe the responsibilities of buyers and sellers in international trade. It provides a chart that defines 13 common trade terms (such as EXW, FOB, CIF, DDP) and specifies which parties are responsible for key costs such as product costs, export documentation, freight, insurance, and import duties and fees under each term. The trade terms allocate responsibilities between buyers and sellers to clarify liability and risk management in international sales contracts.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    28 views1 page

    INCOTERMS® 2010 Trade Terms: Seller'S Responsibility

    Uploaded by

    Anonymous nYvtSgoQ
    The document outlines various international trade terms (INCOTERMS) that describe the responsibilities of buyers and sellers in international trade. It provides a chart that defines 13 common trade terms (such as EXW, FOB, CIF, DDP) and specifies which parties are responsible for key costs such as product costs, export documentation, freight, insurance, and import duties and fees under each term. The trade terms allocate responsibilities between buyers and sellers to clarify liability and risk management in international sales contracts.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    INCOTERMS 2010 Trade Terms

    International trade terms to describe the rights and liabilities with regard to the sale and transport of goods.

    BUYERS RESPONSIBILITY

    EXW (EX Works)


    NAMED PLACE

    All Modes

    Product cost
    and export
    boxing

    Export
    Document
    Formalities

    Inland Freight

    Consular
    Work

    Terminal Loading
    Fees

    Air or Surface
    Freight

    Unloading
    from vessel

    Insurance (1)

    Inland Freight

    Import Duty/
    GST

    Import Brokers
    Fees

    FAS (Free
    Alongside Ship)
    NAMED PORT

    Ocean Only

    Product cost
    and export
    boxing

    Export
    Document
    Formalities

    Inland Freight

    Consular
    Work (5)

    Terminal Loading
    Fees (2)

    Ocean Freight

    Unloading
    from vessel

    Insurance (1)

    Inland Freight

    Import Duty/
    GST

    Import Brokers
    Fees

    FCA (Free Carrier)


    NAMED PLACE

    All Modes

    Product cost
    and export
    boxing

    Export
    Document
    Formalities

    Inland Freight

    Consular
    Work

    Terminal Loading
    Fees (4)

    Air or Surface
    Freight

    Unloading
    from vessel

    Insurance (1)

    Inland Freight

    Import Duty/
    GST

    Import Brokers
    Fees

    FOB (Free on
    Board)
    NAMED PORT

    Ocean Only

    Product cost
    and export
    boxing

    Export
    Document
    Formalities

    Inland Freight

    Consular
    Work

    Terminal Loading
    Fees

    Ocean Freight

    Unloading
    from vessel

    Insurance (1)

    Inland Freight

    Import Duty/
    GST

    Import Brokers
    Fees

    CFR (Cost and


    Freight)
    NAMED PORT

    Ocean Only

    Product cost
    and export
    boxing

    Export
    Document
    Formalities

    Inland Freight

    Consular
    Work

    Terminal Loading
    Fees

    Ocean Freight

    Unloading
    from vessel

    Insurance (1)

    Inland Freight

    Import Duty/
    GST

    Import Brokers
    Fees

    CIF (Cost,
    Insurance and
    Freight)
    NAMED PORT

    Ocean Only

    Product cost
    and export
    boxing

    Export
    Document
    Formalities

    Inland Freight

    Consular
    Work

    Terminal Loading
    Fees

    Ocean Freight

    Unloading
    from vessel

    Insurance
    Required

    Inland Freight

    Import Duty/
    GST

    Import Brokers
    Fees

    CPT (Carriage
    Paid To)
    NAMED PLACE OF
    DESTINATION

    All Modes

    Product cost
    and export
    boxing

    Export
    Document
    Formalities

    Inland Freight

    Consular
    Work

    Terminal Loading
    Fees

    Air or Surface
    Freight

    Unloading
    from vessel (3)

    Insurance (1)

    Inland Freight (3)

    Import Duty/
    GST

    Import Brokers
    Fees

    CIP (Carriage and


    Insurance Paid To)
    NAMED PLACE OF
    DESTINATION

    All Modes

    Product cost
    and export
    boxing

    Export
    Document
    Formalities

    Inland Freight

    Consular
    Work

    Terminal Loading
    Fees

    Air or Surface
    Freight

    Unloading
    from vessel (3)

    Insurance
    Required

    Inland Freight (3)

    Import Duty/
    GST

    Import Brokers
    Fees

    DAT (Delivered at
    Terminal)
    PLACE/PORT

    All Modes

    Product cost
    and export
    boxing

    Export
    Document
    Formalities

    Delivery
    Charges
    to Final
    Destination

    Consular
    Work

    Terminal Loading
    Fees

    Ocean Freight

    Unloading
    from vessel

    Insurance (1)

    Inland Freight

    Import Duty/
    GST

    Import Brokers
    Fees

    DDP (Delivery
    Duty Paid)
    NAMED PLACE OF
    DESTINATION

    All Modes

    Product cost
    and export
    boxing

    Export
    Document
    Formalities

    Inland Freight

    Consular
    Work

    Terminal Loading
    Fees

    Air or Surface
    Freight

    Unloading
    from vessel

    Insurance (1)

    Inland Freight

    Import Duty/
    GST

    Import Brokers
    Fees (1)

    DAP (Delivery at
    Place)
    PLACE

    All Modes

    Product cost
    and export
    boxing

    Export
    Document
    Formalities

    Delivery
    Charges
    to Final
    Destination

    Consular
    Work

    Terminal Loading
    Fees

    Air or Surface
    Freight

    Unloading
    from vessel

    Insurance (1)

    Inland Freight

    Import Duty/
    GST

    Import Brokers
    Fees (1)

    1. Negotiated outside of the INCOTERMS. Buyer or seller may have additional insurable interest and prudence may indicate purchase of additional coverage.
    2. Terminal fee goes to seller, vessel loading to buyer.
    3. Item depends on named place.
    4. Terminal charge goes to seller if loaded at sellers door, terminal charge goes to buyer if loaded at carriers terminal.
    5. Seller assists in obtaining consular work, buyer pays any costs DES/DEQ used primarily for charters (refer to INCOTERMS), International Chamber of Commerce (ICC) arbitration is available if noted as part
    of the contract between the seller and buyer.
    Note: This chart is for informational purposes only. FedEx Trade Networks Transport & Brokerage, Inc. recommends consulting a trade attorney for all international transactions.
    Incoterms is a trademark of the International Chamber of Commerce. Incoterms 2010 is a publication of the International Chamber of Commerce,ICC Publication N 715E, available from www.iccbooks.com.
    Reproduced with the permission of the International Chamber of Commerce.

    BUYER

    SELLER

    SELLERS RESPONSIBILITY

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