Professional Documents
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Meaning
Modes of transport
Seller delivers when he places the goods at the disposal of the buyer at the sellers place or another named place (Work factory warehouse) Not cleared for export and not loaded on any collecting vehicle.
Seller delivers the goods cleared for the export to the carrier nominated by the buyer at the named place FAS-Free Seller delivers when Alongside the goods are placed Shipment(named alongside the vessel at port of the named port of shipment) shipment Requires seller to clear the goods for exports FOB-Free On Seller delivers when Board(named the goods pass the port of ship rail at the named shipment) port of shipment Requires seller to clear the goods for exports CFR-cost and Seller delivers when freight (named the goods pass the port of ships rail of the port destination) of shipment Requires seller to clear the goods for exports
When the goods are delivered to the carrier at the named place When the goods are place alongside the ship
When the goods are delivered to the carrier at the named place When the goods are placed alongside ship
Any mode
By the Buyer
By the seller
Seller delivers when the goods pass the ships rail of the port of shipment Requires seller to clear the goods for exports
At the port of destination, buyer paying such costs as are not for the sellers account under the contract of carriage At the port of destination, buyer paying such costs as are not for the sellers account under the contract of carriage
Seller delivers the goods to the carrier nominated by the buyer and also pay the cost necessary to pay the cost of carriage to bring the goods to the named destination Seller delivers the goods to the carrier nominated by the buyer and also pays the cost of carriage to bring the goods to the named destination.
By the seller
At the port of destination, buyer paying such costs as are not for the sellers account under the contract of carriage At the port of destination, buyer paying such costs as are not for the sellers account under the contract of carriage When the goods are delivered at frontier
Seller delivers when the goods are placed at the disposal of the buyer on the arriving mean of the transport not unloaded, cleared for export, but not cleared for import at the named point & place at frontier but before the custom borders of the country. Seller delivers when the goods are placed at the disposal of the buyer on board, the ship not cleared for import, at the named port of destination
By the seller
By the seller
When the goods are at the disposal of buyer on board the ship.
When the goods are at the disposal of buyer on board the ship.
Seller delivers when the goods are placed at the disposal of the buyer not cleared for import on the Quay (Wharf)
By the seller
Only for sea or inland waterways or multi modal transport on a vessel in the port of destination(i.e. last mode should be waterway) Only for sea or inland waterways or multi modal transport on discharging from a vessel onto the quay
Seller delivers the goods to the buyer not cleared for import and not unloaded from any arriving mean at the named place of destination. Seller delivers the goods to the buyer, cleared from the import, and not unloaded from any arriving means of transport at the named place of destination
By the seller
By the seller
Carrier: means any person who. In a contract of the carriage, undertakes to perform the performance of the transport by rail, road, air, or any other or by combination of such modes. Note: the term Frontier may be used for any frontier including that of the country of export. Hence, it is vital that the frontier is defined precisely by always naming the point and place in the term. IMP NOTE: 1. Under EXW seller has minimum risk only making the goods available at his own premises. 2. Under F terms, and under FCA unless or other wise agreed, the seller arranges and pays for the pre-carriage in the country of export 3. Under C terms the seller arranges for the main carriage but without the risk of the main carriage 4. Under D terms the sellers cost/risk is maximized because he must make the goods available upon arrival at the agreed destination