The document defines the incoterm "Delivered Ex Quay (DEQ)" which means that the seller is responsible for delivering the goods to the named port of destination and clearing them for import, including paying all duties, taxes, and other delivery charges. DEQ can only be used when goods are delivered by sea, inland waterway, or multimodal transport directly from the vessel to the quay. The responsibilities of the buyer and seller are outlined. The seller is responsible for delivery of the goods to the quay and the buyer is responsible for all costs after that point.
An in-depth presentation about International Commercial Terms that helps you understand this trade standard with the aid of intuitive pictures, charts and graphical interpretations.
An in-depth presentation about International Commercial Terms that helps you understand this trade standard with the aid of intuitive pictures, charts and graphical interpretations.
Incoterms are widely used in international commerical transaction or procurement process and there used is encourged by trade councils and international lawers
Have you ever wondered about the meaning of commodity trading terms, or Incoterms? FOB…DES…DDP. Say What?!?
Incoterms were established by the International Chamber of Commerce (ICC), a non-governmental organization, to standardize the interpretation of major trade terms.
Sales contracts using Incoterms define the obligations and risks of both the seller and the buyer. The obligations cover the period while the merchandise is in transit, whether by land, sea, air or a combination of modes.
Basic Shipping Documentation.
- An induction on the container transport, and its driving forces.
- Outlines of the parties and sectors who involve in the business.
- Outlines of the operation, and
- Introduction of the various key documents associated with each sector of the business, and their significance.
What documents are produced in facilitating the shipment cycle:
- Apart from the physical transportation of the goods from the buyer to the seller, there are various kinds of documents involved.
- This presentation aims at providing a basic knowledge on the key documents.
- For details on the documents, you may need to refer to the relevant text.
INCOTERMS are a set of three-letter standard trade terms used worldwide in international and domestic contracts for the sale of goods. Learn their definitions and how they are used. AFC International can help you import your goods bound for the U.S. quick and easy. Visit http://www.afcinternationalllc.com/ to get started.
Each shipping order is to be stamped by the customs to allow export. Каждый заказ на доставку должен быть проштампован таможней, чтобы разрешить экспорт Cargo Officer signs a shipping order and it becomes a Mate’s Receipt. On basis of Mate’s Receipt a Bill of Lading is issued.
Incoterms are widely used in international commerical transaction or procurement process and there used is encourged by trade councils and international lawers
Have you ever wondered about the meaning of commodity trading terms, or Incoterms? FOB…DES…DDP. Say What?!?
Incoterms were established by the International Chamber of Commerce (ICC), a non-governmental organization, to standardize the interpretation of major trade terms.
Sales contracts using Incoterms define the obligations and risks of both the seller and the buyer. The obligations cover the period while the merchandise is in transit, whether by land, sea, air or a combination of modes.
Basic Shipping Documentation.
- An induction on the container transport, and its driving forces.
- Outlines of the parties and sectors who involve in the business.
- Outlines of the operation, and
- Introduction of the various key documents associated with each sector of the business, and their significance.
What documents are produced in facilitating the shipment cycle:
- Apart from the physical transportation of the goods from the buyer to the seller, there are various kinds of documents involved.
- This presentation aims at providing a basic knowledge on the key documents.
- For details on the documents, you may need to refer to the relevant text.
INCOTERMS are a set of three-letter standard trade terms used worldwide in international and domestic contracts for the sale of goods. Learn their definitions and how they are used. AFC International can help you import your goods bound for the U.S. quick and easy. Visit http://www.afcinternationalllc.com/ to get started.
Each shipping order is to be stamped by the customs to allow export. Каждый заказ на доставку должен быть проштампован таможней, чтобы разрешить экспорт Cargo Officer signs a shipping order and it becomes a Mate’s Receipt. On basis of Mate’s Receipt a Bill of Lading is issued.
INTERNATIONAL SHIPPING TERMS , INCOTERMSAman Dwivedi
INTERNATIONAL SHIPPING TERMS (INCOTERMS)
1. EXW – Ex Works (named place of delivery)
2. FCA – Free Carrier (named place of delivery)
3. CPT – Carriage Paid To (named place of destination)
4. CIP – Carriage and Insurance Paid to (named place of destination)
5. DAT – Delivered At Terminal (named terminal at port or place of destination)
6. DAP – Delivered At Place (named place of destination)
7. DDP – Delivered Duty Paid (named place of destination)
8. FAS – Free Alongside Ship (named port of shipment)
9. FOB – Free on Board (named port of shipment)
10. CFR – Cost and Freight (named port of destination)
11. CIF – Cost, Insurance & Freight (named port of destination)
Understanding INCO Terms: A Comprehensive Guide to International Tradeworkshamruthi
This presentation includes information of definition of INCO Terms, Importance of INCO Terms in international trade, pros and cons of INCO Terms, explanation of the different INCO Terms (EXW, FCA, FAS, FOB, CFR, CIF, CPT, CIP, DAP, DPU, DDP) and the key differences between each term
Incoterms-What is it?, History,
Who publish them, Importance, Functions, Divisions, Rules, Buyers and Sellers Obligations in each incoterm.
Changes in Incoterms.
Seminar by Ravindran Raghavan on freight documentation and Incoterms 2010. Note that Incoterms may be revised and updated by ICC, hence read with caution as these contents could have become outdated when you download them.
1. Airway Bill
2. Bill of Lading
3. Other documentation for cargo shipment
4. Incoterms 2010 -EXW, FOB, CIF, DAP, DDP
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2. Delivered Ex Quay (DEQ) (.....named port of destination)
quot;Delivered Ex Quay (duty Paid)quot; means that the seller fulfils his obligation
to deliver when the goods have been made available to the buyer on the
quay (wharf) at the named port of destination, cleared for importation. The
seller has to bear all risks including duties, taxes and other charges of
delivering the goods thereto.
This term should not be used if the seller is unable directly or indirectly to
obtain the import license.
IC6766 Supply Chain Management Woraphan Atikomtrirat 4939644
3. Delivered Ex Quay (DEQ) (.....named port of destination)
If the parties wish the buyer to clear the goods for importation and pay the
duty the words 'duty unpaidquot; should be used instead of 'duty paidquot;.
If the parties wish to exclude from the seller's obligations some of the costs
payable upon importation of the goods (such as value added tax (VAT), this
should be made clear by adding words to this effect : quot;Delivered ex quay, VAT
unpaid ( ... named port of destination)quot;.
IC6766 Supply Chain Management
Woraphan Atikomtrirat 4939644
4. Delivered Ex Quay (DEQ) (.....named port of destination)
This term can be used only when the
goods are to be delivered by sea or inland
waterway or multimodal transport on
discharging from a vessel onto the quay
(wharf) in the port of destination.
However if the parties wish to include in
the seller’s obligations the risks and costs
of the handling of the goods from the
quay to another place (warehouse,
terminal, transport station, etc.) in or
outside the port, the DDU or DDP terms
should be used.
IC6766 Supply Chain Management Woraphan Atikomtrirat 4939644
6. THE SELLER'S OBLIGATIONS THE BUYER'S OBLIGATIONS
B1 Payment of the price
A1 Provision of goods in conformity
with the contract
The seller must provide the goods and The buyer must pay the price as
its provided in the contract of sale.
the commercial invoice, or
equivalent electronic message, in
conformity with the contract of sale and
any other evidence of conformity which
may be required by the contract.
7. THE SELLER'S OBLIGATIONS THE BUYER'S OBLIGATIONS
A2 Licenses, authorizations and B2 Licenses, authorizations and
formalities formalities
The seller must obtain at his own risk The buyer must obtain at his own risk
and expense any export license or other and expense any import license or
official authorization or other official authorization or other
documents and carry out, where documents and carry out, where
applicable, all customs formalities for applicable, all customs formalities
the export of the goods, and for their necessary for the import of the goods.
transit through any country.
8. THE SELLER'S OBLIGATIONS THE BUYER'S OBLIGATIONS
A3 Contracts of carriage and insurance B3 Contracts of carriage and insurance
a) Contract of carriage a) Contract of carriage
The seller must contract at his own No obligation.
expense for the carriage of the goods to
the named quay (wharf) at the named
port of destination. If a specific quay b) Contract of insurance
(wharf) is not agreed or is not
determined by practice, the seller may No obligation.
select the quay (wharf) at the named
port of destination which best suits his
purpose.
b) Contract of insurance
No obligation.
9. THE SELLER'S OBLIGATIONS THE BUYER'S OBLIGATIONS
A4 Delivery B4 Taking delivery
The seller must place the goods at the The buyer must take delivery of the
disposal of the buyer on the quay goods when they have been delivered in
(wharf) referred to in A3 a), on the date accordance with A4.
or within the agreed period.
10. THE SELLER'S OBLIGATIONS THE BUYER'S OBLIGATIONS
A5 Transfer of risks B5 Transfer of risks
The seller must, subject to the provisions of The buyer must bear all risks of loss of or
B5, bear all risks of loss of or damage to the damage to the goods from the time they
goods until such time as they have been have been delivered in accordance with A4.
delivered in accordance with A4.
The buyer must, should he fail to give notice
in accordance with B7, bear all risks of loss of
or damage to the goods from the agreed
date or the expiry date of the agreed period
for delivery provided, however, that the
goods have been duly appropriated to the
contract, that is to say, clearly set aside or
otherwise identified as the contract goods.
11. THE SELLER'S OBLIGATIONS THE BUYER'S OBLIGATIONS
A6 Division of costs B6 Division of costs
The seller must, subject to the provisions of B6, pay The buyer must pay
in addition to costs resulting from A3 a), all costs all costs relating to the goods from the time they
relating to the goods until such time as they are have been delivered in accordance with A4,
delivered on the quay (wharf) in accordance with including any costs of handling the goods in the
A4; and port for subsequent transport or storage in
warehouse or terminal; and
where applicable, the costs of customs formalities
necessary for export as well as all duties, taxes and all additional costs incurred if he fails to take
other charges payable upon export of the goods delivery of the goods when they have been placed
and for their transit through any country prior to at his disposal in accordance with A4, or to give
delivery. notice in accordance with B7, provided, however,
that the goods have been appropriated to the
contract, that is to say, clearly set aside or
otherwise identified as the contract goods; and
where applicable, the cost of customs formalities as
well as all duties, taxes and other charges payable
upon import of the goods and for their subsequent
transport.
12. THE SELLER'S OBLIGATIONS THE BUYER'S OBLIGATIONS
A7 Notice to the buyer B7 Notice to the seller
The seller must give the buyer sufficient The buyer must, whenever he is entitled
notice of the estimated time of arrival to determine the time within an agreed
of the nominated vessel in accordance period and/or the point of taking
with A4, as well as any other notice delivery in the named port of
required in order to allow the buyer to destination, give the seller sufficient
take measures which are normally notice thereof.
necessary to enable him to take delivery
of the goods.
13. THE SELLER'S OBLIGATIONS THE BUYER'S OBLIGATIONS
A8 Proof of delivery, transport B8 Proof of delivery, transport
document or equivalent electronic document or equivalent electronic
message message
The seller must provide the buyer at the The buyer must accept the delivery
seller's expense with the delivery order order or transport document in
and/or the usual transport document accordance with A8.
(for example a negotiable bill of lading,
a non-negotiable sea waybill, an inland
waterway document or a multimodal
transport document) to enable him to
take the goods and remove them from
the quay (wharf).
Where the seller and the buyer have
agreed to communicate electronically,
the document referred to in the
preceding paragraph may be replaced
by an equivalent electronic data
interchange (EDI) message.
14. THE SELLER'S OBLIGATIONS THE BUYER'S OBLIGATIONS
A9 Checking - packaging - marking B9 Inspection of goods
The seller must pay the costs of those The buyer must pay the costs of any pre-
checking operations (such as checking shipment inspection except when such
quality, measuring, weighing, counting) inspection is mandated by the authorities of
which are necessary for the purpose of the country of export.
delivering the goods in accordance with A4.
The seller must provide at his own expense
packaging (unless it is usual for the particular
trade to deliver the goods of the contract
description unpacked) which is required for
the delivery of the goods. Packaging is to be
marked appropriately.
15. THE SELLER'S OBLIGATIONS THE BUYER'S OBLIGATIONS
A10 Other obligations B10 Other obligations
The seller must render the buyer at the The buyer must pay all costs and
latter's request, risk and expense, every charges incurred in obtaining the
assistance in obtaining any documents documents or equivalent electronic
or equivalent electronic messages messages mentioned in A10 and
(other than those mentioned in A8) reimburse those incurred by the seller in
issued or transmitted in the country of rendering his assistance in accordance
dispatch and/or origin which the buyer therewith.
may require for the import of the
goods. The seller must provide the
buyer, upon request, with the necessary
information for procuring insurance.
16. Business Link [http://www.businesslink.gov.uk]
-
College of Transport and Logistics, Burapha University.
-
RaiLogist Logistics & Supply Chain Services
-
[http://www.railogist.com]
Russian Customs [http://russian.rise-customs.ru]
-
Wikipedia [http://www.wikipedia.org]
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ส่วนบริการข้อมูล ศูนย์สารสนเทศการค้าระหว่างประเทศ
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