| THE OBJECTIVES OF INCOTERMS result
7) CPT = CARRIAGE PAID TO (named place of destination)
- Seller: the seller controls the supply chain. Having supported the export duty, he chooses carriers and pays the fees to be agreed.
- Buyer: the risks of damage or loss shall be borne by the buyer from the time the goods were delivered to the first carrier. Then, the buyer assumes responsibility for import clearance and unloading charges.
8) CIP = CARRIAGE AND INSURANCE PAID TO (named place of destination)
- Seller: CIP is identical to the CPT, but the seller should provide more transport insurance. Seller concludes the contract of carriage, pay freight and insurance premium.
- Buyer: the risks of damage or loss shall be borne by the buyer from the time the goods were delivered to the first carrier. Then, the buyer assumes responsibility for import clearance and unloading charges.
SALES ON ARRIVAL (The goods travel on international transport, the risk of the seller)
The group of Incoterms "D" = DELIVERED or DELIVERED
9) DAF = Delivered At Frontier (named place)
- Seller: the seller pays the costs and bears the risks to the border to be specified. It assumes the customs formalities for export.
- Buyer: he takes delivery of goods at the frontier agreed. It provides customs clearance for imports.
10) DES = DELIVERED EX SHIP (named port of destination)
- Seller: the seller chooses the shipping carrier, says, pays the freight. It bears the costs and risks of transport. The transfer of costs and risks is aboard the vessel at the point of unloading at the port of arrival prior to unloading.
- Buyer: he receives the goods on board the vessel at the port of destination and pay the costs of unloading.
11) = DEQ DELIVERED EX QUAY (named port of destination)
- Seller: the seller makes the goods available to the buyer, cleared exports on the quay at the port agreed.
- Buyer: the risks is borne by the buyer.
12) = DDU DELIVERED DUTY UNPAID (named place of destination)
- Seller: the seller makes the goods available to the buyer at the named place in the importing country.
- Buyer: The buyer is responsible for import customs formalities, duties and taxes. The novelty in 2000 is accurate when unloading the vehicle of transport to which is now the responsibility of the buyer.
13) DDP = DELIVERED DUTY PAID (named place of destination)
- Seller: the seller here, the maximum liability, transfers of costs and risks are for delivery to the buyer. The import duty is also responsible.
- Buyer: take delivery at the agreed destination and pay the costs of unloading.
end.
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