Direct Collection-Sight Draft

1.
Seller makes shipment to buyer
2.
Draft, documents and direct collection letter sent to buyer s bank w/ copy
of DCL to seller s bank
3.
cipment by the carrier
It is a document of title.
Evidence for a contract of carriage7
IMPORTANCE OF BILL OF LADING IN INTERNATIONAL SHIPPING
proof of receipt of shipment by the carrier
It is a document of title.
Evidence for a contract of carriage7
NCOTERMS are a set of three-letter standard trade terms most commonly used in in
ternational contracts for the sale of goods. First published in 1936, INCOTERMS
provide internationally accepted definitions and rules of interpretation for mos
t common commercial terms. In the US, INCOTERMS are increasingly used in domesti
c sales contracts rather than UCC shipment and delivery terms
INCOTERMS inform the sales contract by defining the respective obligations, cost
s and risks involved in the delivery of goods from the Seller to the Buyer.
TYPES
EXW Ex Works(named place)[edit]
The seller makes the goods available at his/her premises. This term places the m
aximum obligation on the buyer and minimum obligations on the seller. The Ex Wor
ks term is often used when making an initial quotation for the sale of goods wit
hout any costs included. EXW means that a buyer incurs the risks for bringing th
e goods to their final destination. The seller does not load the goods on collec
ting vehicles and does not clear them for export. If the seller does load the go
ods, he does so at buyer's risk and cost. If parties wish seller to be responsib
le for the loading of the goods on departure and to bear the risk and all costs
of such loading, this must be made clear by adding explicit wording to this effe
ct in the contract of sale.
IMPORTANCE OF BILL OF LADING IN INTERNATIONAL SHIPPING
proof of receipt of shipment by the carrier
It is a document of title.
Evidence for a contract of carriage7
NCOTERMS are a set of three-letter standard trade terms most commonly used in in
ternational contracts for the sale of goods. First published in 1936, INCOTERMS
provide internationally accepted definitions and rules of interpretation for mos
t common commercial terms. In the US, INCOTERMS are increasingly used in domesti
c sales contracts rather than UCC shipment and delivery terms
INCOTERMS inform the sales contract by defining the respective obligations, cost
s and risks involved in the delivery of goods from the Seller to the Buyer.
TYPES

EXW
Ex Works(named place)[edit]
The seller makes the goods available at his/her premises. This term places the m
aximum obligation on the buyer and minimum obligations on the seller. The Ex Wor
ks term is often used when making an initial quotation for the sale of goods wit
hout any costs included. EXW means that a buyer incurs the risks for bringing th
e goods to their final destination. The seller does not load the goods on collec
ting vehicles and does not clear them for export. If the seller does load the go
ods, he does so at buyer's risk and cost. If parties wish seller to be responsib
le for the loading of the goods on departure and to bear the risk and all costs
of such loading, this must be made clear by adding explicit wording to this effe
ct in the contract of sale.
IMPORTANCE OF BILL OF LADING IN INTERNATIONAL SHIPPING
proof of receipt of shipment by the carrier
It is a document of title.
Evidence for a contract of carriage7
NCOTERMS are a set of three-letter standard trade terms most commonly used in in
ternational contracts for the sale of goods. First published in 1936, INCOTERMS
provide internationally accepted definitions and rules of interpretation for mos
t common commercial terms. In the US, INCOTERMS are increasingly used in domesti
c sales contracts rather than UCC shipment and delivery terms
INCOTERMS inform the sales contract by defining the respective obligations, cost
s and risks involved in the delivery of goods from the Seller to the Buyer.
TYPES
EXW Ex Works(named place)[edit]
The seller makes the goods available at his/her premises. This term places the m
aximum obligation on the buyer and minimum obligations on the seller. The Ex Wor
ks term is often used when making an initial quotation for the sale of goods wit
hout any costs included. EXW means that a buyer incurs the risks for bringing th
e goods to their final destination. The seller does not load the goods on collec
ting vehicles and does not clear them for export. If the seller does load the go
ods, he does so at buyer's risk and cost. If parties wish seller to be responsib
le for the loading of the goods on departure and to bear the risk and all costs
of such loading, this must be made clear by adding explicit wording to this effe
ct in the contract of sale.
IMPORTANCE OF BILL OF LADING IN INTERNATIONAL SHIPPING
proof of receipt of shipment by the carrier
It is a document of title.
Evidence for a contract of carriage7
NCOTERMS are a set of three-letter standard trade terms most commonly used in in
ternational contracts for the sale of goods. First published in 1936, INCOTERMS
provide internationally accepted definitions and rules of interpretation for mos
t common commercial terms. In the US, INCOTERMS are increasingly used in domesti
c sales contracts rather than UCC shipment and delivery terms
INCOTERMS inform the sales contract by defining the respective obligations, cost
s and risks involved in the delivery of goods from the Seller to the Buyer.
TYPES

EXW
Ex Works(named place)[edit]
The seller makes the goods available at his/her premises. This term places the m
aximum obligation on the buyer and minimum obligations on the seller. The Ex Wor
ks term is often used when making an initial quotation for the sale of goods wit
hout any costs included. EXW means that a buyer incurs the risks for bringing th
e goods to their final destination. The seller does not load the goods on collec
ting vehicles and does not clear them for export. If the seller does load the go
ods, he does so at buyer's risk and cost. If parties wish seller to be responsib
le for the loading of the goods on departure and to bear the risk and all costs
of such loading, this must be made clear by adding explicit wording to this effe
ct in the contract of sale.
IMPORTANCE OF BILL OF LADING IN INTERNATIONAL SHIPPING
proof of receipt of shipment by the carrier
It is a document of title.
Evidence for a contract of carriage7
NCOTERMS are a set of three-letter standard trade terms most commonly used in in
ternational contracts for the sale of goods. First published in 1936, INCOTERMS
provide internationally accepted definitions and rules of interpretation for mos
t common commercial terms. In the US, INCOTERMS are increasingly used in domesti
c sales contracts rather than UCC shipment and delivery terms
INCOTERMS inform the sales contract by defining the respective obligations, cost
s and risks involved in the delivery of goods from the Seller to the Buyer.
TYPES
EXW Ex Works(named place)[edit]
The seller makes the goods available at his/her premises. This term places the m
aximum obligation on the buyer and minimum obligations on the seller. The Ex Wor
ks term is often used when making an initial quotation for the sale of goods wit
hout any costs included. EXW means that a buyer incurs the risks for bringing th
e goods to their final destination. The seller does not load the goods on collec
ting vehicles and does not clear them for export. If the seller does load the go
ods, he does so at buyer's risk and cost. If parties wish seller to be responsib
le for the loading of the goods on departure and to bear the risk and all costs
of such loading, this must be made clear by adding explicit wording to this effe
ct in the contract of sale.
NCOTERMS are a set of three-letter standard trade terms most commonly used in in
ternational contracts for the sale of goods. First published in 1936, INCOTERMS
provide internationally accepted definitions and rules of interpretation for mos
t common commercial terms. In the US, INCOTERMS are increasingly used in domesti
c sales contracts rather than UCC shipment and delivery terms
INCOTERMS inform the sales contract by defining the respective obligations, cost
s and risks involved in the delivery of goods from the Seller to the Buyer.
TYPES
EXW Ex Works(named place)[edit]
The seller makes the goods available at his/her premises. This term places the m
aximum obligation on the buyer and minimum obligations on the seller. The Ex Wor
ks term is often used when making an initial quotation for the sale of goods wit
hout any costs included. EXW means that a buyer incurs the risks for bringing th
e goods to their final destination. The seller does not load the goods on collec
ting vehicles and does not clear them for export. If the seller does load the go

ods, he does so at buyer's risk and cost. If parties wish seller to be responsib
le for the loading of the goods on departure and to bear the risk and all costs
of such loading, this must be made clear by adding explicit wording to this effe
ct in the contract of sale.