Incoterms, also known as Terms of Sale, are standard trade definitions. These terms are most commonly used in international contracts and should be reflected on the invoice. Make sure buyers and sellers are clear about each other’s expectations. These documents were created by the International Chamber of Commerce (ICC) and are protected under ICC copyright.
You will also find a chart of responsibilities that applies to international foreign trade purchase and sale terms, as announced by the International Chamber of Commerce, in its updated version of 2000.
When the seller has been notified and the goods (suitably packaged for export) are made available to the buyer at the specified time and place, the seller’s obligation to fulfill it.
Export clearance is the responsibility of the buyer.
The import clearance of goods is the responsibility of the buyer.
The seller’s obligation ends when the goods are cleared for export to the carrier (any type of transport nominated by buyer at the designated place). The buyer must contract at his expense the carriage from the designated place.
The goods must be cleared by the buyer before import.
Seller is responsible for delivering the goods at the port of shipment.
This term is used only for sea- or inland waterway transportation.
Once cargo has been delivered to the vessel, the buyer is responsible for all transportation costs and risks.
The buyer must declare the goods at destination for import.
When the seller has been notified, the buyer can assume the seller’s obligations.
The buyer must arrange for the shipment of the goods to the port indicated.
The seller must arrange for export clearance.
It is the buyer’s responsibility to arrange for import clearance.
The seller’s obligation ends when the goods are handed to a carrier and pass the ship’s railway.
Export clearance is the responsibility of the seller.
The import clearance of goods is the responsibility of the buyer.
The seller’s responsibility ends when the goods are handed to a carrier and pass the ship’s railway.
Export clearance is the responsibility of the seller.
The import clearance of goods is the responsibility of the buyer.
The seller is responsible when the goods are shipped to a carrier and the contract of carriage is signed, freight prepaid to the designated place of destination.
It is the seller’s responsibility to arrange the transport of the goods.
Export clearance is the responsibility of the seller.
The import clearance of goods is the responsibility of the buyer.
When the seller delivers the goods to a carrier and arranges freight prepaid, the destination is named, and insurance is obtained on the cargo, the buyer assumes all risks and costs associated with the goods.
It is the seller’s responsibility to arrange the transport of the goods.
Export clearance is the responsibility of the seller.
The import clearance of goods is the responsibility of the buyer.
The seller’s responsibility ends once the goods have been delivered to the buyer by the arrival means of transport.
The seller’s obligations end when the goods are delivered to the buyer, cleared for export but not for import, and delivered the port of destination. The buyer must pay all fees for discharge of the ship and customs clearance in the country of import.
The seller’s obligation ends after they have delivered the goods at the buyer’s disposal onboard the ship, cleared for export but not cleared to import, and discharged goods from the vessel at the wharf.
The seller is bound to fulfill his obligation when the goods are made available to the buyer at the designated place of destination.
The seller must arrange for all carriages to be taken to the designated destination.
The seller must arrange for export clearance.
The import clearance of the goods is the responsibility of the buyer, which includes payment of all applicable taxes and fees.
The seller is deemed to have fulfilled his obligation when the goods are made available to the buyer at the designated place of destination.
The seller must arrange for all carriages to be taken to the designated destination.
The seller must arrange for export clearance.
The seller must arrange for import clearance, which includes payment of all applicable taxes and fees.
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