Masterclass fasfo bdraft[1]

260 views

Published on

Published in: Business, Real Estate
0 Comments
1 Like
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total views
260
On SlideShare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
Downloads
4
Comments
0
Likes
1
Embeds 0
No embeds

No notes for slide

Masterclass fasfo bdraft[1]

  1. 1. Estructura Incoterms 2010reglas: 10 articulos1A THE SELLER’S OBLIGATIONS General obligations of the seller Licences, authorizations, securityclearances and other formalities Contracts of carriage and insurance Delivery Transfer of risks Division of costs Notice to the buyer Delivery document Checking – packaging – marking Assistance with information andrelated costsB THE BUYER’S OBLIGATIONS General obligations of the buyer Licences, authorizations, securityclearances and other formalities Contracts of carriage andinsurance Taking delivery Transfer of risks Division of costs Notice to the seller Proof of delivery Inspection of goods Assistance with information andrelated costs
  2. 2. FAS & FOB2¿Por qué están usando lasreglas de Incoterms en forma‘incorrecta’?BATALLA ABOGADOSIs ICC ‘right’ in labellingthem ‘wrong’?
  3. 3. 3Container -FCLInlandterminal - LCLPort terminal- LCLQuay On boardPassing ofriskFCAFOBTransferencia de Riesgo debe coincidircon la pérdida de control (Passing of riskshould coincide with loss of control)Administrativeformalities and L/Cconditions are‘abstract’ and lookat factsFAS
  4. 4. 4
  5. 5. Bank (L/C – factoring - …)Insurance (transport – credit …)Customs at the place of departure (preliminary export declaration, EUR 1 …)Chamber of Commerce (CoO, ATA …)Administrative control (export license, health certificates …)Inspection (Preshipment …)Customer (proforma, invoice …)Carriage / …Inspection of the goodsWeighing, measuring,countingCertification, analysis …Preparation of the shipmentPacking, labeling, markingWarehousing, stowage (FCL)Instructions carriagePreliminary Export DeclarationPresenting goodsExport DeclarationCertificate of Origin …Loading …Precarriage (CMR …)InsuranceFormalitiesLegalisaton … (FOD Foreign Affairs,ambassy …)
  6. 6. UnloadingWarehousing and handling (grouping, repacking,relabeling, THC, CSC …)InsuranceFormalitiesPresentation documents and goods at customsof exportation (final SAD, …)Verification goodsInspection (weighing, measuring, counting, …), controlScanning, …Documents Nation - forwarder Carrier Customs agent Bank, insurance, …PLTCLoading, stowing, trimming, …Documents (B/L, mate’s receipt …)FASFOB
  7. 7. FAS (… named port of shipment)7Port customsFree Alongside Ship – franco al costado del buque
  8. 8. 8FAS Amberes (Antwerp)Transshipment (Heavylift charges, …)FAS >< FOQProof of exportL/C
  9. 9. FOB (… named port of shipment)9FOB Additional Service – FOB + I / C&I –FOBs – FOBst – Port customs …Free On Board – franco a bordo
  10. 10. 10FOB Antwerp – RotterdamTHC – consolidation costsLate departureDamage & loss in terminalL/C  transshipment, ….FCA but:Proof of exportationLocal costs (THC …)  THC forseller’s accountL/C
  11. 11. Structure of the Incoterms®rules: 10 articles11A THE SELLER’S OBLIGATIONS General obligations of the seller Licences, authorizations, securityclearances and other formalities Contracts of carriage and insurance Delivery Transfer of risks Division of costs Notice to the buyer Delivery document Checking – packaging – marking Assistance with information andrelated costsB THE BUYER’S OBLIGATIONS General obligations of the buyer Licences, authorizations, securityclearances and other formalities Contracts of carriage andinsurance Taking delivery Transfer of risks Division of costs Notice to the seller Proof of delivery Inspection of goods Assistance with information andrelated costs
  12. 12. 12
  13. 13. Incoterms andtransfer of title Delivery vs. legal ownership Delivery  Incoterms ® Rules Legal ownership  contract  national law Legal title – economic ownership (title –property – ownership) B/L’s Leasing - retention of title – consignmentstock Contract – Accounting – Customs – VAT- …Product sales will be recorded as revenue upon passage of title ofgoods from the company to a third party customer. All sales should bemade on shipping terms of "FOB shipping point". Accordingly,passage of title is deemed to occur upon physical delivery of goods toa common carrier. All invoices should specify in the conditions of salethat title to the goods shall pass to the buyer upon delivery to thecarrier (i.e., shipping terms are FOB shipping point). In internationalmarkets, the terms utilized to convey "FOB shipping point" may bedifferent (e.g. CIF, EXW, FCA). We should not sell products on termsthat are legally considered to be "FOB destination point."VAT art. 14.1 Directive 2006/112/EC."Supply of goods" shall mean the transfer of the right to disposeof tangible property as owner.IAS 18.14:Revenue arising from the sale of goods should be recognised whenall of the following criteria have been satisfied: [IAS 18.14]1. the seller has transferred to the buyer the significant risks andrewards of ownership2. the seller retains neither continuing managerial involvement tothe degree usually associated with ownership nor effectivecontrol over the goods sold3. the amount of revenue can be measured reliably4. it is probable that the economic benefits associated with thetransaction will flow to the seller, and5. the costs incurred or to be incurred in respect of the transactioncan be measured reliably

×