Tecnisoa, S. Coop. - Useful information

Useful information

Foreign trade guide

Weight-volume ratio in international transport

Incoterms

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EXW (Ex-works, ex–factory, ex–warehouse, ex-mill)
The seller fulfils his obligation when he has made the goods available at his premises (works, factory, etc.) to the buyer. He is not responsible either for loading the goods on the vehicle provided by the buyer or for clearing the goods for export, unless otherwise agreed. The buyer bears all costs and risks involved in transporting the goods from the seller’s premises to the desired destination.

CPT (Carriage paid to)
The seller pays the freight for carriage of the goods to the named destination. The risk of loss or damage is transferred from the seller to the buyer when the goods have been delivered into the custody of the carrier. The seller must clear the goods for export.

FCA, Free carrier
The seller fulfils his obligation on handing the goods, cleared for export, into the custody of the carrier at a named place. If the buyer has not named a place, the seller is free to choose within the stipulated area the point at which the carrier will acquire custody of the goods. This term is suitable for all modes of transport, including multi-modal.

CIP (Carriage and Insurance Paid to)
The seller has the same obligations as with CPT, but must also bear the cost of insurance.

FOB (Free on Board)
This term is followed by the port of shipment, e.g. FOB Buenos Aires. It means that all costs, duties and risks involved in loading the material are the seller’s responsibility until the goods have passed over the ship’s rail, excluding carriage. The seller must clear the goods for export. This term is only suitable for transport by sea or inland waterways.

DAF (Delivered at Frontier)
The seller fulfils his obligation when the goods have been made available, cleared for export, at the named place on the frontier, but before the customs border of the adjoining country. It is therefore of vital importance that the frontier point in question be precisely defined.

FAS (Free alongside ship)
This abbreviation is followed by the name of the port of shipment. The price of the goods is understood to include placement alongside the vessel on the quay or in lighters at the named port of shipment, with the seller bearing all costs and risks to the goods until that moment. The buyer is responsible for customs clearance. This term is only suitable for transport by sea or inland waterways.

DES (Delivered ex Ship)
The seller fulfils his obligation when the goods have been made available to the buyer on board the ship, uncleared for importation, at the named port of destination.

DEQ [Delivered ex Quay (Duty paid)]
The seller fulfils his obligation when he has made the goods available to the buyer on the quay at the named port of destination, cleared for importation.

DDU (Delivered Duty Unpaid)
The seller fulfils his obligation when the goods have been made available at the named place in the country of importation. The seller bears the costs and risks involved in bringing the goods thereto (excluding duties, taxes and official charges), as well as the costs and risks involved in carrying out customs formalities.

DDP (Delivered Duty Paid)
The seller bears the same obligations as with DDU, plus duties, taxes and other charges of delivering the goods to the named place.

CFR (Cost & freight)
The abbreviation is followed by the name of the port of destination. The price includes the costs and freight required to deliver the goods to the port of destination but not the insurance. The seller is responsible for customs clearance. This mode is only suitable for transport by sea or inland waterways.

CIF (Cost, Insurance & Freight)
The abbreviation is followed by the name of the port of destination and the price includes the cost of freight required to deliver the goods to the port of destination, including insurance. The seller contracts the insurance and pays the insurance premium. The seller is only obliged to take out insurance offering minimum cover.