FREQUENTLY ASKED QUESTIONS

Buying internationally have to step through many processes and many people attend to the process of supplying these goods oversea, so incoterms of trade is a very important to identify responsibilities over buyers and sellers, let's come to find out

Factory delivery. (location in exporting country)

- The seller prepares the goods at the factory (factory, warehouse, door)

-The buyer receives the goods or organizes the receipt of the goods at the seller's warehouse, after which the seller takes all responsibility.

- Seller transfers to the buyer the commercial invoice and related documents of goods at the seller's workshop or warehouse

- The buyer bears all costs and risks from the time of receipt of the goods at the seller's workshop.

- The buyer does the work and bears the cost of loading and unloading the goods on the vehicle at the seller's warehouse, bears all the costs of transporting to the port, customs clearance for export, transit, import....

SELLER HAS BEEN RECEIVED FOR GOODS VALUE PAYMENTS ONLY

BUYER PAY FOR GOODS TO SELLER, BUYER SELF PAY TO CARRIER, PAY TAXES.

Deliver the goods to the carrier (at the named place in the country of export)

-Seller places the goods in the carrier nominated by the buyer.

-Buyers carry out procedures and bear all costs related to export licenses and taxes.

- Transfer to the buyer invoices, transport documents and related documents of goods.

-Buyer arranges and pays freight.

-Buyer clears and pays import tax.

The time when the risk is transferred is after the seller has delivered the goods to the carrier.

SELLER HAS BEEN RECEIVED FOR GOODS VALUE PAYMENTS AND A DELIVER FEE TO NEAREST CARRIER BUYER CAN ARRANGE.

BUYER PAY FOR GOODS TO SELLER, BUYER PAY TO CARRIERS THROUGH SELLER AND SELF PAY, PAY TAXES.

Delivery along the ship's side (at the named port of loading)

-SELLER Delivers the goods alongside the named vessel, at the named port.

-SELLER Transmit commercial invoice, documents as proof of delivery and other relevant documents.

- BUYER Carry out procedures and pay all customs clearance costs, export permits.

- BUYER Arranges and pays freight for the carriage of goods by sea.

-BUYER Inform seller of delivery and boarding date.

Delivery on board (at the named port of loading)

-Seller delivers the goods on board the vessel at the named port of call.

- The seller does procedures and pays all costs related to customs clearance, export permits.

- The seller delivers the commercial invoice, documents as proof of delivery and other relevant documents at the port

- The buyer arranges and pays the freight for the carriage of goods by sea.

- Buyer arranges and pays import clearance fee.

Cost and freight (specified port of destination)

-Seller arranges and pays freight to bring the goods to the port of destination.

- The seller does the procedures and pays the export fee.

- Seller Informs buyer of freight train details.

-Buyers do procedures and pay the costs of import clearance.

-Buyer pays for unloading and transportation to buyer's warehouse from port of customs.

Cost, Freight, Insurance (specified port of destination in importing country)

- The seller arranges and pays the freight to deliver the goods to the port of export, pays the sea freight to the port of destination, the insurance money (ranging from 2-20 percent of the value of the shipment depending on the type and value of goods batch)

- The seller does the procedures and pays the export fee.

- The seller informs the buyer of the freight train details.

- Buyers do the procedures and pay the costs of import clearance.

-The buyer pays the cost of goods, of unloading and transporting the goods to the buyer's warehouse from the port of customs.

Freight, insurance paid to (specified destination)

Same as CPT, except seller is responsible for arranging and purchasing insurance.

The same with CFR, but usually use for the situation the container have to move to a destination where container yard locate in very deep inside soil inland

Delivery of unpaid tax (at the named place of destination)

-The seller fulfills all obligations, bears all costs and risks, to bring the goods to the named place nominated by the buyer in the buyer's country,

- Buyers do the procedures and pay import clearance costs.

The seller delivers the goods to the buyer's warehouse, factory, and pay all costs for the shipment to arrive at the destination specified by the buyer safely and on time.

Delivery at the border (specified place)

-Seller arranges transportation and insurance for the goods batch to the named place at the border of the buyer's country.

-Seller delivers invoices, transport documents and other documents.

-Buyer arranges and pays the cost related to export customs clearance.

-Buyer arranges and pays fees related to import clearance.

Delivery at the vessel (at the named port of discharge)

Same as CIF, except that the seller is responsible for delivering the goods on board the vessel at the named port of destination.

Delivered Ex Quay (named port of destination)

Delivery on the wharf (at the specified port of discharge)

-Seller arranges and pays the freight.

-Seller arranges and pays the cost of insurance.

-Seller bears the costs of unloading and delivering the goods at the named port of destination.

- Buyer incharge for shipping the goods batch after receiving the goods at the named wharf.

-Buyer arranges and pays import clearance costs.