INCOTERMS© RULES - cefor.no · INCOTERMS© RULES Session 6 –24 April 2019. EXW –EX WORKS 2 EXW...
Transcript of INCOTERMS© RULES - cefor.no · INCOTERMS© RULES Session 6 –24 April 2019. EXW –EX WORKS 2 EXW...
INCOTERMS© RULES
Session 6 – 24 April 2019
EXW – EX WORKS
2
EXW [named place] Incoterms 2010All means of transport
Seller Buyer
Seller Buyer
Seller: Risk passes when the goods are at the disposal of the buyer at named place.
Buyer: Takes over the goods at the agreed place of disposal.
Risk
Costs
Insurance Seller Buyer
FCA – FREE CARRIER
3
FCA [named place] Incoterms 2010All means of transport
Seller Buyer
Seller Buyer
Seller: Delivers the goods to the carrier at named place
Buyer: Appoints a carrier and concludes transport agreement for the main transport
Risk
Costs
Insurance Seller Buyer
FAS – FREE ALONGSIDE SHIP
4
FAS [named port of shipment] Incoterms 2010Sea transport
Seller Buyer
Seller Buyer
Seller: Risk passes when the goods have been placed alongside the ship.
Buyer: Appoints a carrier and concludes transport agreement for the main transport.
Risk
Costs
Insurance Seller Buyer
FOB – FREE ON BOARD
5
FOB [named port of shipment] Incoterms 2010Sea transport
Seller Buyer
Seller Buyer
Seller: Risk transfers when the goods are on board vessel at the port of export (origin).
Buyer: Appoints a carrier and concludes transport agreement for the main transport.
Risk
Costs
Insurance Seller Buyer
CFR – COST AND FREIGHT
6
CFR [port of destination] Incoterms 2010Sea transport
Seller Buyer
Seller
Risk
Costs
Seller: Risk transfers when the goods are on board vessel at the port of export (origin), but costs to be paid to the port of destination.
Buyer: Risk transfers to buyer once the goods have been loaded on board the vessel.
SellerInsurance Buyer
Buyer
CIF – COST, INSURANCE AND FREIGHT
7
CIF [port of destination] Incoterms 2010Sea transport
Seller Buyer
Seller
Risk
Costs
Seller: Goods to be delivered on board the vessel at the port of export (origin)
Take out Marine Cargo insurance for buyer’s risk
Buyer: Risk transfers to buyer once the goods have been loaded onboard the vessel for main carriage
Buyer
Seller to take out Cargo Insurance for Buyer’sriskSellerInsurance Buyer
Buyer
CPT – CARRIAGE PAID TO
8
CPT [named place of destination] Incoterms 2010All means of transport
Seller Buyer
Seller
Risk
Costs
Seller: Goods to be delivered to the main carrier at place of export (origin).
Buyer: Risk transfers to buyer once the goods are taken in charge by the carrier.
Buyer
SellerInsurance Buyer
CIP – CARRIAGE AND INSURANCE PAID TO
9
CIP [named place of destination] Incoterms 2010All means of transport
Seller Buyer
Seller
Risk
Costs
Seller: Goods to be delivered to the main carrier at place of export (origin)
Take out Marine Cargo insurance for buyer’s risk
Buyer: Risk transfers to buyer once the goods have been loaded for main carriage
Buyer
Seller to take out Cargo Insurance for Buyer’s riskSellerInsurance Buyer
DAT – DELIVERED AT TERMINAL
10
DAT [named place] Incoterms 2010All means of transport
Seller Buyer
Seller
Risk
Costs
Seller: When the goods once unloaded from the arriving means of transport and placed at the disposal of the buyer at the named place
Buyer: Risk transfers to buyer when the goods have been unloaded at named place
Buyer
SellerInsurance
Buyer
Buyer
DAP - DELIVERED AT PLACE
11
DAP [named place of destination] Incoterms 2010All means of transport
Seller Buyer
Seller
Risk
Costs
Seller: When the goods are placed at the disposal of the buyer on the arriving means of transport and ready for unloading at the named place of destination
Buyer: Risk transfers to buyer when the goods are available for unloading
Buyer
SellerInsurance
Buyer
Buyer
DDP – DELIVERED DUTY PAID
12
DDP [named place of destination] Incoterms 2010All means of transport
Seller Buyer
Seller
Risk
Costs
Seller: When the goods are placed at the disposal of the buyer on the arriving means of transport and ready for unloading at the named place of destination
Buyer: Risk transfers to buyer when the goods are made available to the buyer
Buyer
SellerInsurance
Buyer
Buyer