| |
|
Delivery Duty Unpaid (DDU) |
•
Seller delivers the goods to the buyer, not cleared for import, not
unloaded from any arriving means of transport at the named
place of destination.
•
Seller bears the costs & risk to bring the goods thereto other
than, where applicable, any duty for import in the country
of destination.
•
Buyer bears the cost of duty as well as any costs & risks caused
by his failure to clear the goods for import on
time.
•
Seller delivers the goods cleared for import, not unloaded from any
arriving means of transport at named place of destination.
•
The seller bears all cost & risks involved in bringing the goods
there to including, where applicable,
any duty for import in the country of destination.
•
This
term should not be used if the seller is unable directly or indirectly
to obtain the import license.
|
Cost, Insurance, Freight (CIF) |
• Seller
delivers when the goods pass the ship's rail in the port of shipment
cleared for export.
•
Seller
must pay the cost & freight necessary to bring the goods to the
named port of destination BUT the risk of loss or damage
to the goods, as well as any additional costs due to events occuring
aftre the time of delivery, are transferred from the seller
to the buyer.
•
The
seller has to procure the minimum insurance coverage against the buyer's
risk of loss of or damage to the goods during the carriage.
•
The
buyer can purchase extra coverage with the shipper or make his own
additional insurance arrangements.
• Seller
delivers the goods to the carrier and must in addition pay the cost
of carriage to named destination cleared for export.
•
Buyer
bears all risks & any other costs occuring after the goods have
been so delivered.
If subsequent carriers are used for the carriage to the
agreed destination, the risk passes when the goods have
been delivered to the first carrier.
• This
term may be used irrespective of the mode of transport including multimodal
transport.
•
Seller delivers when the goods pass the ship's rail in the port of
shipment cleared for export.
•
Seller
must pay the cost and freight necessary to bring the goods to the
named port of destination BUT the risk of loss of or damage
to the goods, as well as any additional costs due to events accuring
after the time of delivery, are transferred from the seller
to the buyer.
•
This
term can be used only for sea and inland waterway transport.
• Seller
delivers when he places the goods at the disposal of the buyer at
the seller's premises or another named place not cleared
for export and not loaded on any collecting vehicle.
•
Buyer
bears all costs and risks involved from the seller's premise.
•
This
term thus represents the minimum obligation for the seller and the
buyer has to bear all costs
and risks involved in taking the goods from the seller's
premises.
• Seller
delivers the goods, cleared for export, to the carrier nominated by
the buyer at the named
place.
•
If
delivery occurs at the seller's premises, the seller is responsible
for loading.
•
If
delivery occurs at any other place, seller is not responsible for
unloading.
•
Carrier means any person who, in a contract of carriage, undertake
to perform or procure the performance of transport
by rail, road, air, sea, inland waterway or by a combination of such
modes.
•
This
term may be used irrecpective to the mode of transport, including
multimodal transport.
•
Seller
delivers when the goods pass the ship's rail at the named port of
shipment cleared for export.
•
Buyer
has to bear all costs and risks of loss of or damage to the goods
from that point.
•
This
term can be used only for sea or inland waterway transport.
Top
|