Recknors

Institute of Corporate Trainings & Workshop

Lahore Office : 042-36610206, 36610260, 0345-3076375

EXW Ex-works FCA Free carrier FAS Free alongside ship FOB Free on board CFR Cost and freight CIF Cost, insurance, and freight CPT Carriage paid to

CIP Carriage and insurance paid to DAF Delivered at frontier DES Delivered ex-ship DEQ Delivered ex-quay DDU Delivered duty unpaid DDP Delivered duty paid

Price is quoted by seller at specified point of origin i.e. At point of origin At factory or ware-house Mine or plantation Buyer is responsible for all charges from this point. Minimum obligation for the EXPORTER

This term has been designed: To meet the requirements of modern transport, Transport as container or "Roll on / Roll off" traffic by trailers and ferries as well as carriage by air. FCA is based on the same principle as FOB except that the seller fulfills his or her obligation when goods are delivered into the custody of the carrier at the named point. If no precise point can be mentioned at the time of the contract of sale, the parties should refer to the place or range where the carrier should take goods into his charge The risk of the loss or damage to the goods is transferred from the seller to the buyer at that time and not at the ships rail. Carrier" means a person by whom or in whose name a contract of carriage by road, rail, air, sea or a combination of modes has been made.

The seller provides delivery on following terms: At the point of shipment and export Not on board Free alongside of the carrier(ocean vessel) (wharf). The buyer bears all costs and risks of loss or damage to the goods from that moment or loading onto ship.

The seller provides delivery on following terms: At the point when goods have been loaded on board or designated transporting vehicle. Point Sometimes confused with inland shipping point. Usually it is point of export. The moment goods pass ships rail responsibility, risk and loss etc of goods is transferred from seller to buyer.

The seller provides delivery on following terms: Sellers liability ends when goods are loaded on board a carrier OR In custody of carrier at export dock (POINT). The seller must pay the costs freight necessary to bring the goods to the named destination. The insurance charges are paid by buyer to cover the the risk of loss or damage. Applicable for sea or inland waterway transport only.

Not at the ships rail.

Like CFR, CPT means that the seller pays the freight for the carriage of the goods to the named destination. The risk of loss or damage to the goods, as well as any cost increases, it is transferred from the seller to the buyer when the goods have been delivered into the custody of the first carrier.
It can be used for all modes of transportation.

The seller provides delivery on following terms: DDU means that the seller makes the goods available to the buyer at the named place (e.g. door) in the country of importation. The seller has to pay the costs and bear the risks involved in bringing the goods to that point as well as the costs and risks of carrying out customs formalities. the buyer must obtain the import license and pay the actual duties, taxes and official charges payable upon importation. This term may be used irrespective of the mode of transport.

The seller provides delivery on following terms: Sellers liability does not ends even when goods are loaded on board a carrier OR In custody of carrier at export dock (POINT). The seller must pay the costs freight necessary to bring the goods to the named destination. The insurance charges are also paid by seller to cover the the risk of loss or damage. Sellers insurance company assumes responsibility.

The seller provides delivery on following terms: The seller makes the goods available to the buyer on board the ship at the destination named in the sales contract. The seller bears the full cost and risk involved in bringing the goods there

The seller provides delivery on following terms: The seller makes the goods available to the buyer one step beyond CIF. The seller not only bears full cost and risk involved in bringing the goods on quay (wharf) at the named port of destination, cleared for importation. The seller has to bear all risks and costs including duties, taxes and other charges for delivering the goods. This term should not be used if the seller is unable to obtain the import license. If the buyer is the party who will clear the goods for importation and pay the duty, then the term is changed to "DUTY UNPAID".

The seller provides delivery on following terms: The export price quote includes cost of delivery to the importers premises. Exporter responsible for import duties, cost of unloading, inland transport in the importing country and risks of carrying out customs formalities. It implies maximum exporters obligation. Seller also assumes all risks involved in delivering to the buyer DDP also called Franco Domicile . This term may be used irrespective of the mode of transport.

This term is the same as "Carriage Paid to- Only with the addition that the seller has to procure transport insurance against the risk of loss or damage to the goods during the carriage. The seller pays the insurance premium.

This term is the same as "Carriage Paid to- Only with the addition that the seller has to procure transport insurance against the risk of loss or damage to the goods during the carriage. The seller pays the insurance premium.