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I am aseller

 

Am I prepared to bear all costs and risks until arrival of the goods at the buyer’s premises?

yes
no

Can I bring the goods to the agreed place of delivery (across the border)?

yes
no

May the goods be handed over to the buyer without endangering payment?

yes
no

Can I obtain the required import licenses and carry out the import formalities? Can I recover the import VAT?

yes
no

Am I prepared to bear all costs and risks until arrival of the goods at a place (terminal) of destination where the buyer will come to collect the goods?

yes
no

Can I bring the goods to the terminal of destination where the buyer will come to collect them?

yes
no

Am I prepared to organise transport and pay the freight up to the agreed place of destination (without guarantee of arrival)?

yes
no

Is the place of destination a sea port?

yes
no

Do the goods travel under a B/L (or a non negotiable Sea Waybill)?

yes
no

Are the goods shipped in a container?

yes
no

Am I prepared to bring the goods to the agreed place of international/main shipment and carry out all formalities upon exportation?

yes
no

Are the goods shipped in a container, by plane, truck, rail, a combination of modes?

yes
no

Does the buyer book the departure terminal?

yes
no

Are the goods handed over to the carrier (captain) on board of a vessel?

yes
no

Are the goods handed over alongside a vessel (on a barge, etc.)?

yes
no
Result

DDP

... named place of destination

Delivered Duty Paid

Delivery and risk
Cost

The buyer

  • unloads the goods from the arriving vehicle at the agreed place of destination

The Seller

  • arranges goods with invoice, packaging, import licence and way bill
  • arranges export, transit, import and security formalities up to the agreed place of destination
  • includes all duties upon importation in the invoice (including VAT)
  • assumes all costs and risks till delivery in the agreed place of destination, ready for unloading from the arriving vehicle

DAP

named place of destination

Delivered at Place

Delivery and risk
Cost

The buyer

  • assumes all costs and risks of the goods from the moment they are at his disposal in the agreed terminal of destination
  • assumes import formalities
  • collects the goods at the agreed terminal of destination

The Seller

  • arranges goods with invoice, packaging, export licence and way bill (Delivery Order)
  • arranges export, transit and security formalities up to the agreed terminal
  • assumes all costs and risks till delivery in the agreed terminal in said port or place of destination, ready for collection by the buyer

DAT

named terminal at port or place of destination

Delivered at Terminal

Delivery and risk
Cost

The buyer

  • assumes all costs and risks of the goods from the moment they are at his disposal in the agreed terminal of destination
  • assumes import formalities
  • collects the goods at the agreed terminal of destination

The Seller

  • arranges goods with invoice, packaging, export licence and way bill (Delivery Order)
  • arranges export, transit and security formalities up to the agreed terminal
  • assumes all costs and risks till delivery in the agreed terminal in said port or place of destination, ready for collection by the buyer

CFR

... named port of destination

Cost and Freight

Delivery and risk
Cost

The buyer

  • assumes all costs (except for the freight) and risks of the goods from the moment they have been placed on board of a ship booked for the agreed port of destination
  • assumes customs and security formalities with respect to transit and import
  • receives/discharges the goods from the ship at the agreed port of destination

The Seller

  • arranges goods with invoice, packaging, export licence and B/L
  • arranges customs formalities when exporting
  • contracts for carriage and includes the freight rate for the transport of the goods to the designated port in his invoice
  • assumes all costs and risks of the goods up to delivery of the cleared goods upon placing them on board of his ship in the port of departure.

CIF

... named port of destination

Cost, Insurance Freight

Delivery and risk
Cost
Insurance

The buyer

  • assumes all costs (except for the freight) and risks of the goods from the moment they have been placed on board of a ship booked for the agreed port of destination
  • assumes customs and security formalities with respect to transit and import
  • receives/discharges the goods from the ship at the agreed port of destination

The Seller

  • arranges goods with invoice, packaging, export licence, B/L and insurance policy
  • arranges customs formalities when exporting
  • contracts for carriage and insurance and includes the freight rate to the designated port and insurance premium in his invoice
  • assumes all costs and risks of the goods up to delivery of the cleared goods upon placing them on board of his ship in the port of departure.

CPT

... named place of destination

Carriage Paid To

Delivery and risk
Cost

The buyer

  • assumes all costs (except for the freight) and risks of the goods from the moment they have been transferred to the ‘first’ carrier
  • assumes customs and security formalities with respect to transit and import
  • receives the goods from the carrier at the agreed place of destination

The Seller

  • arranges goods with invoice, packaging, export licence and way bill
  • arranges customs formalities when exporting
  • contracts for carriage and includes the freight rate for the transport of the goods to the designated destination in his invoice
  • assumes all costs and risks of the goods up to delivery of the cleared goods upon transfer to his carrier or freight forwarder at the place of departure.

CIP

... named place of destination

Carriage and Insurance Paid To

Delivery and risk
Cost
Insurance

The buyer

  • assumes all costs (except for the freight and insurance) and risks of the goods from the moment they have been transferred to the ‘first’ carrier
  • assumes customs and security formalities with respect to transit and import
  • receives the goods from the carrier at the agreed place of destination

The Seller

  • arranges goods with invoice, packaging, export licence, way bill and insurance certificate
  • arranges customs formalities when exporting
  • contracts for carriage and insurance and includes the freight rate and insurance premium for the transport of the goods to the designated destination in his invoice
  • assumes all costs and risks of the goods up to delivery of the cleared goods upon transfer to his carrier or freight forwarder at the place of departure.

FOB

... named port of shipment

Free On Board

Delivery and risk
Booking of the freight (collect)
Cost

The buyer

  • organizes carriage from the agreed port of departure
  • assumes all costs and risks of the goods from the moment they have been placed on his ship
  • assumes customs and security formalities with respect to transit and import

The Seller

  • arranges goods with invoice, packaging, export licence
  • arranges customs export formalities
  • assumes all costs and risks of the goods up to delivery the cleared goods by placing them on the ship booked by (on behalf of) the buyer in the agreed port of departure (port customs).

FAS

... named port of shipment

Free Alongside Ship

Delivery and risk
Booking of the freight (collect)
Cost

The buyer

  • organizes carriage from the agreed port of departure
  • assumes all costs and risks of the goods from the moment they have been placed alongside the ship he has booked
  • assumes customs and security formalities with respect to transit and import

The seller

  • arranges goods with invoice, packaging, export license
  • arranges customs export formalities
  • assumes all costs and risks of the goods up to delivery of the cleared goods by placing them alongside the ship booked by (or on behalf of) the buyer in the agreed port of departure.

FCA

... named place

Free Carrier

Delivery and risk
Booking of the freight (collect)
Cost

The buyer

  • organizes carriage from the agreed point of departure
  • assumes all costs and risks of the goods from the moment they have been transferred to ‘his’ carrier
  • assumes customs and security formalities with respect to transit and import

The Seller

  • arranges goods with invoice, packaging, export licence
  • arranges customs formalities when exporting
  • assumes all costs and risks of the goods up to delivery of the cleared goods upon transfer to the carrier or freight forwarder contracted by (on behalf of) the buyer at the agreed place of departure.

EXW

... named place

Ex works

Delivery and risk
Cost

The buyer

  • is liable for the loading and export and import clearance (the procedures with Customs).
  • assumes all costs and risks of the goods from the sellers business premises to the final destination

The Seller

  • supplies the goods by making them available to the buyer at his business premises (workshop, storage facility, depot, factory, etc.).
  • arranges goods with an invoice (or EDI message) and packaging.
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