Tagged: Shipping Guide

5 Essential Notes about: DDP Incoterms (Delivered Duty Paid) 0

5 Essential Notes about: DDP Incoterms (Delivered Duty Paid)

DDP Incoterms means that the seller delivers the goods cleared for import ready for unloading on the means of transport at the named place of destination. Under this term the seller bears all the risk and cost up to the named place of destination. The seller arrange all the task and the entire shipment to deliver the goods to the buyer. 1. Is the DDP Incoterms useful in all over the world? – In some countries only the importer companies can clear the goods for import. In such countries freight forwarders can not do custom clearance. The seller to this...

5 Essential Notes about: DAT Incoterms (Delivered At Terminal) 0

5 Essential Notes about: DAT Incoterms (Delivered At Terminal)

DAT Incoterms means that the seller delivers the goods, once unloaded from the arriving means of transport, placed at the disposal of the buyer at a named terminal at the named port or place of destination. “Terminal” includes any place, whether covered or not, such as a quay, warehouse, container yard or road, rail or air cargo terminal. 1. Which party must arrange the carriage under DAT Incoterms? – The seller must contract for the carriage up to the named terminal or agreed place of destination. The seller bears all risks involved in bringing the goods to and unloading them...

Incoterms | Shipping Guide Every Trader Must Know 0

Incoterms : Shipping Guide Every Trader Must Know

As a trader or a person working in trade, you’re definitely familiar with Incoterms. Since these terms are defined based on the procedure of purchase and transportation, we all have an understanding. But is this enough? If you are engaged with foreign sale or purchase, you need to dive deep into the understanding of Incoterms. Incoterms are important in sales contract as they determine the responsibility and liability of shipment. How far the seller is responsible for the shipment and When and Where this responsibility is transferred to the buyer. The major factors you have to be cautious of in...