EXPORT IMPORT PROCEDURES AND DOCUMENTATION (INCOTERMS 2000)
INCOTERMS 2000-An Introduction <ul><li>An important tool for determination of the costs and risks being allocated to diffe...
THE ‘C’ TERMS <ul><li>They fall under the “Group-C category” of Incoterms. </li></ul><ul><li>The “C terms actually classif...
 
CFR-Cost and Freight(…named port of destination) <ul><li>Role of the seller: </li></ul><ul><li>1.To pay cost and freight c...
CIF- Cost,Insurance & Freight(named port of destination) <ul><li>Role of the Seller : </li></ul><ul><li>1. To pay for Cost...
CPT-Carriage paid to(..named place of destination) <ul><li>Role of the Seller : </li></ul><ul><li>1.Deliver goods to the c...
CIP-Carriage and Insurance Paid to (…named place of destination) <ul><li>Role of the Seller: </li></ul><ul><li>1.Deliver g...
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Incotermsfinal

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Incotermsfinal

  1. 1. EXPORT IMPORT PROCEDURES AND DOCUMENTATION (INCOTERMS 2000)
  2. 2. INCOTERMS 2000-An Introduction <ul><li>An important tool for determination of the costs and risks being allocated to different parties. </li></ul><ul><li>Year of Introduction-1936. </li></ul><ul><li>Last year of updation-2000. </li></ul><ul><li>From its year of introduction till the year 2000 the INCOTERMS have been updated for six times. </li></ul>
  3. 3. THE ‘C’ TERMS <ul><li>They fall under the “Group-C category” of Incoterms. </li></ul><ul><li>The “C terms actually classify the responsibilities of the seller and the buyer. </li></ul><ul><li>The INCOTERMS falling in the ‘C’ category are: </li></ul><ul><li>1.CFR:Cost and Freight. </li></ul><ul><li>2.CIF: Cost,Insurance and freight. </li></ul><ul><li>3.CPT:Carriage paid to. </li></ul><ul><li>4.CIP:Carriage and Insurance paid to. </li></ul>
  4. 5. CFR-Cost and Freight(…named port of destination) <ul><li>Role of the seller: </li></ul><ul><li>1.To pay cost and freight charges to bring the goods to named port of destination. </li></ul><ul><li>2.To transfer the costs incurred during damage to the goods after the time of delivery to the buyer. </li></ul><ul><li>3.This terminology requires the seller to clear all the charges for export. </li></ul><ul><li>Role of the buyer: </li></ul><ul><li>1.To pay for the import clearance,duties and taxes. </li></ul>
  5. 6. CIF- Cost,Insurance & Freight(named port of destination) <ul><li>Role of the Seller : </li></ul><ul><li>1. To pay for Cost and Freight to bring the goods </li></ul><ul><li>to named port of destination. </li></ul><ul><li>2.To transfer the costs incurred during damage to the goods after the time of delivery to the buyer. </li></ul><ul><li>3.Procuring the Marine Insurance against buyers risk of loss or damage to goods during the voyage. </li></ul><ul><li>Role of the buyer: </li></ul><ul><li>1.To pay for the import clearance ,and the unloading charges and additional charges if any. </li></ul>
  6. 7. CPT-Carriage paid to(..named place of destination) <ul><li>Role of the Seller : </li></ul><ul><li>1.Deliver goods to the carrier nominated by him. </li></ul><ul><li>2.Bear the additional cost of carriage to bring the goods to the destination point. </li></ul><ul><li>Role of the buyer: </li></ul><ul><li>1.To bear all the risks after the delivery of goods. </li></ul><ul><li>2.To bear all the additional costs occurring after the goods have been delivered. </li></ul>
  7. 8. CIP-Carriage and Insurance Paid to (…named place of destination) <ul><li>Role of the Seller: </li></ul><ul><li>1.Deliver goods to the carrier nominated by him. </li></ul><ul><li>2.Payment of additional cost of carriage necessary to bring the goods to the destination. </li></ul><ul><li>3.Procurement of Insurance against buyers risk of loss or damage done to goods during the carriage. </li></ul><ul><li>Role of buyer: </li></ul><ul><li>1.To pay for import clearance and the unloading charges of goods. </li></ul>
  8. 9. THANK YOU

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