Regarding international logistics services, you need to know these trading terms
- Author:Lian
- Release Date:2023-12-15
FOB: It is Free On Board, which means "Delivery on the shipbuilding port (... specifies the shipping port)".With this term, the seller should be responsible for the export customs clearance procedures. During the shipping port prescribed by the contract and the deadline, the goods are handed over to the ship assigned by the buyer, and all the risks of the goods before the shipping port crossing the ship's side will be notified in a timely manner.
The central risk transfer rules have been revised in the "Interpretation of the 2010 International Trade term". After the transportation of Hong Kong cargo is transported on the ship, the risk is transferred to the buyer.(Because the interpretation of 2000 stipulates that the risk transfer of the ship's side is stipulated. Whether the crossing of the ship is not easy to proof, so it is modified.)
C & F: The English abbreviation of "Cost and FREIGHT", the Chinese meaning is "cost plus shipping" using the term, the seller is responsible for the shipping of the ship according to the usual conditions and paid to the destination port.The shipping period is installed on the ship and notified the buyer in time.
CPT: That is, the English abbreviation of "Carriage Paid to", which means "freight is paid to the designated destination". With this term, the seller shall establish a transportation contract at its own expense and pay the freight of the goods to the destination.After checking the procedures for the export of goods, the goods are handed over to the carrier at the agreed time and the specified shipping location, and the buyer is notified in time.
CIP: The English abbreviation of "Carriage and Insurance Paid to", Chinese meaning "freight, insurance premiums pay to the designated destination".Using this term, the seller shall establish a transportation contract at its own expense and pay the shipping cost of transporting the goods to the destination. It is responsible for handling insurance procedures and paying insurance premiums.After handling the procedures for the export of goods, the goods are handed over to the carrier at the designated shipping location to fulfill their delivery obligations.
Exw: "EX Works's English abbreviation, which means" factory delivery (specified place) ". Using this term, the seller is responsible for placing the goods at the place where it is located (factories, workshops, warehouses, etc.) in the buyer's disposalThe delivery obligations were fulfilled next.
The central risk transfer rules have been revised in the "Interpretation of the 2010 International Trade term". After the transportation of Hong Kong cargo is transported on the ship, the risk is transferred to the buyer.(Because the interpretation of 2000 stipulates that the risk transfer of the ship's side is stipulated. Whether the crossing of the ship is not easy to proof, so it is modified.)
C & F: The English abbreviation of "Cost and FREIGHT", the Chinese meaning is "cost plus shipping" using the term, the seller is responsible for the shipping of the ship according to the usual conditions and paid to the destination port.The shipping period is installed on the ship and notified the buyer in time.
FAS: The English abbreviation of "Free AlongSide Ship", Chinese meaning "Delivery (designated shipping port)" in Chinese.With this term, the seller is responsible for putting the cargo pier or on the ship near the ship at the port of transportation port, that is, the delivery is completed.eliv
DAT: That is, "Delivered at Terminal (Insert Named Terminal Port or Place of Destination) The Chinese meaning" transport terminal delivery ".The transport terminal of the ground and unload the goods from the arrival cargo transportation tool, and the delivery is handed over to the buyer to complete the delivery.
DAP: "Deliveled at Place" (Insertnamed Place of Destination), destination delivery (inserted a designated destination port).Using this term, the seller must sign a transport contract, pay the shipping cost of the agreed point that transports the goods to the specified destination or the designated destination; placed the cargo that meets the contract agreed on the reached transportation tools at the specified destination on the designated destination.The delivery is completed when it is handed over to the buyer.
DDU: The English of this term is "Delivered Duty Unpaid (... Named Place of Destination)", that is, "incomplete tax delivery (... designated destination)".It refers to the delivery of the preparation of the goods at the designated place designated by the importing country, and must bear all the expenses and risks of the shipping to the designated place (excluding tariffs, other official expenses that should be paid at the time of imports and imports).The cost and risk of handling customs procedures.The buyer must bear extra costs and risks caused by failing to handle the import of goods in time.This term is suitable for various transportation methods.
DDP: The English of this term is "DELIVERED DUTY PAID (... Named Place of Destination)", that is, "delivery after tax (... designated destination)".It refers to the seller delivered the prepared goods at the designated place designated by the importer, and it takes all expenses and risks to transport the goods to the designated place, and handle the import check.This term is suitable for various transportation methods.
CIF: The English abbreviation of "Cost Insurance and FREIGHT", which means "cost plus insurance premiums and freight" |.Using this term, the seller is responsible for the freight of the target port in accordance with the usual conditions and paid to the destination port. During the shipping port and shipping period specified in the contract, the cargo is installed to the ship and is responsible for handling cargo transportation insurance and paying insurance premiums.
FCA: The English abbreviation of "Free Carrier", the Chinese meaning is "cargo and handling people."Using this term, the seller is responsible for handling the procedures for the export of goods, and at the time and place of the contract, the goods are handed over to the carrier designated by the buyer, and the buyer will be notified in time.
DAT: That is, "Delivered at Terminal (Insert Named Terminal Port or Place of Destination) The Chinese meaning" transport terminal delivery ".The transport terminal of the ground and unload the goods from the arrival cargo transportation tool, and the delivery is handed over to the buyer to complete the delivery.
DAP: "Deliveled at Place" (Insertnamed Place of Destination), destination delivery (inserted a designated destination port).Using this term, the seller must sign a transport contract, pay the shipping cost of the agreed point that transports the goods to the specified destination or the designated destination; placed the cargo that meets the contract agreed on the reached transportation tools at the specified destination on the designated destination.The delivery is completed when it is handed over to the buyer.
DDU: The English of this term is "Delivered Duty Unpaid (... Named Place of Destination)", that is, "incomplete tax delivery (... designated destination)".It refers to the delivery of the preparation of the goods at the designated place designated by the importing country, and must bear all the expenses and risks of the shipping to the designated place (excluding tariffs, other official expenses that should be paid at the time of imports and imports).The cost and risk of handling customs procedures.The buyer must bear extra costs and risks caused by failing to handle the import of goods in time.This term is suitable for various transportation methods.
DDP: The English of this term is "DELIVERED DUTY PAID (... Named Place of Destination)", that is, "delivery after tax (... designated destination)".It refers to the seller delivered the prepared goods at the designated place designated by the importer, and it takes all expenses and risks to transport the goods to the designated place, and handle the import check.This term is suitable for various transportation methods.
CIF: The English abbreviation of "Cost Insurance and FREIGHT", which means "cost plus insurance premiums and freight" |.Using this term, the seller is responsible for the freight of the target port in accordance with the usual conditions and paid to the destination port. During the shipping port and shipping period specified in the contract, the cargo is installed to the ship and is responsible for handling cargo transportation insurance and paying insurance premiums.
FCA: The English abbreviation of "Free Carrier", the Chinese meaning is "cargo and handling people."Using this term, the seller is responsible for handling the procedures for the export of goods, and at the time and place of the contract, the goods are handed over to the carrier designated by the buyer, and the buyer will be notified in time.
CPT: That is, the English abbreviation of "Carriage Paid to", which means "freight is paid to the designated destination". With this term, the seller shall establish a transportation contract at its own expense and pay the freight of the goods to the destination.After checking the procedures for the export of goods, the goods are handed over to the carrier at the agreed time and the specified shipping location, and the buyer is notified in time.
CIP: The English abbreviation of "Carriage and Insurance Paid to", Chinese meaning "freight, insurance premiums pay to the designated destination".Using this term, the seller shall establish a transportation contract at its own expense and pay the shipping cost of transporting the goods to the destination. It is responsible for handling insurance procedures and paying insurance premiums.After handling the procedures for the export of goods, the goods are handed over to the carrier at the designated shipping location to fulfill their delivery obligations.
Exw: "EX Works's English abbreviation, which means" factory delivery (specified place) ". Using this term, the seller is responsible for placing the goods at the place where it is located (factories, workshops, warehouses, etc.) in the buyer's disposalThe delivery obligations were fulfilled next.
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