INCOTERMS
Forwarding and Customs brokerage | international shippin companies in Italy |

INCOTERMS

EXW

EXW means that the seller delivers the goods by making them available to the buyer at his own premises or at another named place (factory, factory, warehouse, etc.). The seller is not obliged to load the goods onto the collection vehicle, nor to clear them for export, if such customs clearance is required.

FCA

FCA means that the seller delivers by handing over the goods to the carrier or another person designated by the buyer at his premises or another named place. It is recommended that the parties specify as clearly as possible the point at the named place of delivery, as the risk passes to the buyer at that point. If the parties wish the goods to be delivered to the seller's premises, they must indicate the address of those premises as the named place of delivery. If, on the other hand, the parties wish the goods to be delivered to another place, they must indicate a different, specific place of delivery. FCA requires the seller, if applicable, to clear the goods for export.

CPT

TRANSPORT PAID UNTIL CARRIAGE Paid up to means that the seller makes delivery by handing over the goods to the carrier or another person designated by the seller himself at an agreed place (if such place has been agreed between the parties) and that the seller must enter into the contract of carriage and bear the costs necessary for sending the goods to the place of destination contained. The seller fulfils his obligation to make delivery when he returns the goods to the carrier and not when the goods arrive at the place of destination. CPT requires the seller, if applicable, to clear the goods for export.

CIP

TRANSPORT AND INSURANCE PAIDED UNTIL TRANSPORT AND Insurance Paid up to means that the seller delivers the goods to the carrier or another person designated by him at an agreed place (if such place has been agreed between the parties) and that the seller must enter into the contract of carriage and bear the costs necessary to send the goods to the agreed place of destination. The seller also provides insurance cover against the buyer's risk of loss of or damage to the goods in transit. The buyer must bear in mind that under the CIP rule the seller is obliged to obtain only minimum insurance cover. If the buyer wishes to have more comprehensive insurance cover, he must expressly agree with the seller or provide supplementary insurance himself. The seller fulfils his obligation to deliver when he returns the goods to the carrier and not when the goods arrive at their destination. It is recommended that the parties specify as clearly as possible the point at the agreed place of destination, as the costs up to that point are to be borne by the seller. CIP requires the seller, if applicable, to clear the goods for export.

DAT

Delivered at terminal means that the seller makes delivery by placing the goods, once unloaded from the means of transport of arrival, at the disposal of the buyer at the agreed terminal in the port or place of destination agreed. Terminal includes any place, covered or uncovered, such as a dock, warehouse, container yard, road, rail or airport terminal. The seller bears all risks associated with the transport and unloading of the goods at the terminal at the named port or place of destination. It is recommended that the parties specify as clearly as possible the terminal and, if possible, a specific point within the terminal at the agreed port or place of destination as the risks up to that point are borne by the seller. DAT requires that the seller, if any, clears the goods for export

DAP

DELIVERED AT DESTINATION PLACE means that the seller delivers the goods by placing them at the disposal of the buyer on the arriving means of transport ready for unloading at the agreed place of destination. The seller bears all risks associated with the transport of the goods to the named place. It is recommended that you specify as clearly as possible the point at the named place of destination, as the risks up to that point are borne by the seller. DAP requires the seller, if applicable, to clear the goods for export but NOT for import into the third country.

DDP

DELIVERY DUTY PAYED This rule may be used regardless of the mode of transport chosen and may also be used where more than one mode of transport is used. Duty paid return means that the seller delivers the goods by placing them at the disposal of the buyer, cleared for import, on the means of transport of arrival ready for unloading at the agreed place of destination. The seller bears all costs and risks associated with the transport of the goods to the place of destination and is obliged to clear customs not only on export but also on import, to pay any export or import duties and to complete all customs formalities. The DDP involves the maximum level of obligations for the seller.

FAS

FREE ALONG SHIPMENT This regulation may be used only for maritime or inland waterway transport. Free Alongboard means that the seller delivers the goods by placing the goods underboard the ship (e.g. on a quay or barge) designated by the buyer at the named port of embarkation. The risk of loss of or damage to the goods passes when the goods are underboard the ship and the buyer bears all costs from that time onwards. It is recommended that the parties specify as clearly as possible the point of loading at the agreed port of embarkation, as the costs and risks up to that point are borne by the seller and these costs and the associated handling charges may vary according to the uses of the port. If the goods are containerised, it is customary for the seller to deliver the goods to the carrier at the terminal and not on board the ship. In such situations, the FAS rule would be inappropriate and the FCA rule should be used.

FOB

FREE ON BOARD This regulation may be used only for maritime or inland waterway transport. Free on board means that the seller delivers the goods on board the vessel designated by the buyer at the named port of shipment or by procuring the goods already so delivered. The risk of loss or damage to the goods passes when the goods are on board the ship and the buyer bears all costs from that time onwards. FOB requires the seller, if applicable, to clear the goods for export.

CIF

COST INSURANCE & FREIGHT This regulation may be used only in the case of transport by sea or inland waterway. Cost, Insurance and Freight means that the seller delivers the goods by placing them on board the ship or by procuring the goods already delivered. The risk of loss or damage to the goods passes when the goods are on board the ship. The seller must conclude the contract of carriage and bear the costs necessary for the shipment of the goods to the named port of destination. The seller shall also provide insurance cover against the buyer's risk of loss of or damage to the goods during carriage. The buyer must bear in mind that according to the CIF rule the seller is obliged to obtain only a minimum insurance cover. If the buyer wishes to have more comprehensive insurance cover, he must expressly agree with the seller or provide supplementary insurance directly. When using CPT, CIP, CFR or CIF, the seller fulfils his obligation to deliver when he returns the goods to the carrier as specified by the chosen rule and not when the goods arrive at their destination.
Certificazione AEOC181455

AEOC181455

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