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2. st International trade terms课件
Chapter TwoInternational Trade Terms;The Price in Business is not a Price Only;2.1 Three sets of rules;Warsaw-Oxford Rules 1932;Revised American Foreign Trade Definitions 1941;International Rules for the Interpretation of Trade Terms 2000 (Incoterms 2000);2.2 Basics of Incoterms 2000;2.2.1 Scope of Governance ;2.2.2 Categorization of Terms;Incoterms 2000;宪都胖组您洞憾朗惮仗降运特噎康翠层性舵摔尘大层涩快孽攫磷豌躯甜良2. st International trade terms课件2. st International trade terms课件;2.2.3 Brief of IncotermsThe “E” term (EXW);EXW;The “F” terms (FCA, FAS, FOB) ;FCA Free Carrier (…. Named place);FAS Free Alongside Ship (…named port of shipment);FOB Free on Board (… named port of shipment);The “C” terms (CFR, CIF, CPT, CIP);CFR Cost and Freight (… named port of destination) ;CIF Cost, Insurance and Freight (… named port of destination);CPT Carriage Paid to (… named place of destination);CIP Carriage and Insurance Paid to (… named place of destination) ;The “D” terms (DAF, DES, DEQ, DDU, DDP);DAF Delivered at Frontier (… named place);DES Delivered ex Ship (… named port of destination);DEQ Delivered ex Quay (… named port of destination) ;Similar to CIP
Differences:
Place of delivery
DDU – inland place in the importing country
CIP – inland place in the exporting country
Transfer of risks
DDU – goods at the disposal of buyer
CIP – goods at the disposal of the carrier
Obligation and cost
DDU – seller responsible for all costs and risks before the completion of delivery
CIP – seller only responsible for normal freight and min. insurance ;DDP – seller’s obligation max.: seller provides a “door-to-door” delivery and bears the entire risk of loss until the goods are placed in the buyer’s premises.
Unlike DDU, sellers must also responsible for import customs clearance and other payments of domestic duties in the importing country
Applied unless the seller has the resources and capability to handle all the procedures.;
Trade Terms;2.3 Application issues;2.3 Application issues;2.3 Applicatio
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