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INCOTERMS

The word Incoterms consists of the abbreviation of the three Latin American terms of the International Commercial Terms, meaning "international trade terms", the most important reason for its application. Determining the exact costs, risks and responsibilities (pyramid) in the international trade process between the seller and the buyer, and Also, the real / legal persons involved in the business process are reviewed and repossessed by the International Chamber of Commerce (ICC). Incoterms were first formulated in 1936 and published on January 1, 2011, the latest edition of the Incoterms 2010, and the 11th Code of Conduct.

 

EXW: In this way, the seller delivers the goods to the buyer at the place of manufacture or warehouse of the goods, and the pyramid is entirely up to the buyer unless the contract contains the expression EXW Loaded, in which case the charge will be borne by the seller. Was.
FCA: In this way, the vendor delivers the goods to the carrier designated by the buyer after the export of the goods at the place specified. After loading on the vehicle, the pyramid is completely transferred to the buyer.
FAS: In this way, the seller delivers the goods after the export clearance along the ship (before loading). The point of transfer of the pyramid is on the docks at the port of the country of origin, and even if the ship is at a distance from the berth or harbor, the cost to the ship is borne by the buyer.
FOB: In this way, the vendor must pass the goods on the fence to end the risk and responsibility, but the seller will pay the price until the goods are deployed on the deck. In this contract, the term FOB To Stow or FOB To Trimmed is sometimes used to regulate bulk commodity or non-float product placement, which in both cases will be borne by the seller and will be at the risk and responsibility of the buyer.
CFR: In this way, the vendor completes the delivery of the goods, placing the goods on the deck, and arranging the contract for carriage and payment of the fare to the destination port. The buyer is responsible for the risk and liability during the transportation period and the entire pyramid at the destination.
CIF: In this method, the seller, in addition to all matters covered in the CFR, must insure the goods until reaching the destination port.
CPT: In this way, the vendor will deliver the goods to the buyer after discharging at a specified destination in the destination country and the pyramid is transferred to the buyer.
CIP: In this way, the vendor, in addition to all the items in the CPT, must insure the product until it is discharged at the destination.
DAP: In this way, the seller delivers the goods to the buyer at a specific place from the country of destination. The delivery will be on the vehicle before unloading and at that point, the pyramid will be transferred to the buyer.
DAT: In this way, the seller delivers the goods to the buyer at the specified terminal (customs) after the discharge, and transfers the pyramid.
DDP: In this way, the seller delivers the goods to the buyer upon payment of customs duties and customs duties on the means of transport at the specified place. The pyramid is the responsibility of the seller until the moment it is delivered.