Incoterms VV 2000

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Transcript of Incoterms VV 2000

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    E EXW

    F FCA, FAS, FOB

    C CFR, CIF, CPT, CIP

    D DAF, DES, DEQ, DDU, DDP

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    13 Terms 4 categories

    Always 3-letter code plus named place(port, place of receipt, )

    e.g.: FOB Plymouth or

    FAS Victoria Quay, Plymouth M/V Grenland

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    Group E departure

    EXW Ex Works ( named place)

    Group F Main carriage unpaidFCA Free Carrier (named place)FAS Free Alongside Ship (named place)

    FOB Free On Board (named port of shipment)

    Group C Main Carriage PaidCFR Cost and Freight (named port of destination)

    CIF Cost Insurance and Freight (named port of destination)

    CPT Carriage Paid To (named place of destination)CIP Carriage Insurance Paid To (named place of destination

    Group D Arrival

    DAF Delivered at Frontier (named place)DES Delivered Ex Ship (named port of destination)

    DEQ Delivered Ex Quay (named port of destination)

    DDU Delivered Duty Unpaid (named place of destination)DDP Delivered Duty Paid (named place of destination)

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    Diagram of the Incoterms

    EXWFCA

    FAS FOBDEQ

    DES

    CPT

    CIP

    DDU

    DDP

    (DAF)

    DAF

    CFR

    CIF

    (DAF)

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    Risks are transferred from the seller to the

    buyer, when the goods have been placed

    at thedisposal of the buyer at thesellers premisesor another named place

    not cleared for export andnot loadedon

    any collecting vehicle

    EXW: Ex Works (.named place)

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    F terms

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    FAS: Free alongside ship (named port) Risks aretransferred to the buyer when the goods have beenplaced alongside the vessel nominated by the buyerat the named port of shipment

    FCA: Free Carrier ( named place ) Risks aretransferred when the goods have been delivered tothe first carrier

    FOB: Free On Board (named port of shipment )Risks are transferred as the goods pass the shipsrail at port of shipment

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    E & F Terms

    EXWtransport

    risks

    cost

    FAS

    FOB

    transportriskcost

    transportriskcost

    FCAtransport

    riskcost

    BUYERSELLER

    CLJOC projects:

    Import, custom clearance, taxes andduties and transport to PTSCs site:

    Reimbursable Receive, Offload, inspect, store, preserve

    from any mode of transport at PTSCs site:incl. in LS or procurement mark-up.

    Seller Site Service, Spares: Reimbursable

    + Percentage mark-up

    Construction Site means any Contractor Group location where any or

    all of the following activities are being performed as part of the Work:fabrication, construction, assembly, outfitting, and related activities.

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    C Terms

    CFR:Cost and Freight (named portof shipment): same transfer of risks

    CIF: Cost ,Insurance and Freight(named):same transfer of risks as

    for FOB and CFR

    CPT: Carriage paid to (namedplace of destination) Risks transferredas indicated in FCA

    CIP: Carriage, Insurance paid toRisks transferred as indicated in FCA

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    C Terms

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    CFRtransport

    riskcost

    CIFtransport + insurance

    riskcost

    CPT

    CIP

    transportriskcost

    transport + insuranceriskcost

    BUYERSELLER

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    D Terms

    DES: Delivered Ex Ship (namedport of destination) Risks aretransferred upon arrival, on board ofthe vessel when the goods havebeen placed at buyers disposal atthe unloading point.

    DEQ: Delivered Ex Quay (namedport) Transfer of risks on the quay atthe port of destination

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    ...D Terms

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    DDU: Delivered Duty Unpaid (named

    place of destination) Risks are transferred

    when goods have been placed at the

    buyers disposal on any arriving means oftransport non unloaded at the named

    place of destination

    DDP: Delivered Duty Paid (namedplace..) Same as DDU but cleared out of

    customs

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    Responsibility

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    DAF

    DDU

    DES

    DEQ

    transport + insuranceriskcost

    transport + insuranceriskcost

    transport + insuranceriskcost

    transport + insuranceriskcost

    BUYERSELLER

    DDPtransport + insurance

    riskcost

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    Sale Terms Named Point Buyers Risk

    EXW Sellers W/house High

    FCA Airport of Loading Reduced

    FOB Port of Loading Reduced

    CFR Destined Country Further Reduced

    CIF Destined Country Further Reduced

    DDU Buyers Door Limited

    DDP Buyers Door Very Limited