{"id":274,"date":"2015-11-18T12:46:17","date_gmt":"2015-11-18T12:46:17","guid":{"rendered":"http:\/\/www.rtclogistics.in\/test\/?page_id=274"},"modified":"2015-11-24T10:11:44","modified_gmt":"2015-11-24T10:11:44","slug":"inco-terms","status":"publish","type":"page","link":"https:\/\/www.rtclogistics.in\/?page_id=274","title":{"rendered":"Inco – Terms"},"content":{"rendered":"

Inco – Terms<\/h2>\n

International Commercial Terms<\/strong><\/span><\/p>\n

The INCOTERMS<\/span> (International Commercial Terms) is a universally recognized set of definitions of international trade terms, such as FOB, CFR and CIF, developed by the International Chamber of Commerce (ICC) in Paris, France. It defines the trade contract responsibilities and liabilities between buyer and seller. It is invaluable and a cost-saving tool. The exporter and the importer need not undergo a lengthy negotiation about the conditions of each transaction. Once they have agreed on a commercial term like FOB, they can sell and buy at FOB without discussing who will be responsible for the freight, cargo insurance, and other costs and risks.<\/p>\n

The INCOTERMS was first published in 1936—INCOTERMS<\/span> 1936—and it is revised periodically to keep up with changes in the international trade needs. The complete definition of each term is available from the current publication—INCOTERMS 2000.<\/span> The publication is available at your local Chamber of Commerce affiliated with the International Chamber of Commerce (ICC).<\/p>\n

Many importers and exporters worldwide are accustomed to and may still use the INCOTERMS 1980,<\/span> the predecessor of INCOTERMS 1990<\/span> and INCOTERMS 2000.<\/span><\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
<\/td>\nEXW<\/span><\/strong><\/td>\nFCA<\/small><\/span><\/strong><\/td>\nFAS<\/small><\/span><\/strong><\/td>\nFOB<\/small><\/span><\/strong><\/td>\nCFR<\/small><\/span><\/strong><\/td>\nCIF<\/small><\/span><\/strong><\/td>\n\n
CPT<\/small><\/span><\/strong><\/div>\n<\/td>\n
CIP<\/small><\/span><\/strong><\/td>\nDAF<\/small><\/span><\/strong><\/td>\nDES<\/small><\/span><\/strong><\/td>\nDEQ<\/small><\/span><\/strong><\/td>\nDDU<\/small><\/span><\/strong><\/td>\nDDP<\/small><\/span><\/strong><\/td>\n<\/tr>\n
\n

SERVICES<\/small><\/strong><\/p>\n<\/td>\n

Ex Works<\/small><\/span><\/strong><\/td>\nFree Carrier<\/small><\/span><\/strong><\/td>\nFree Alongside Ship<\/small><\/span><\/strong><\/td>\nFree Onboard Vessel<\/small><\/span><\/strong><\/td>\nCost & Freight<\/small><\/span><\/strong><\/td>\nCost Insurance & Freight<\/small><\/span><\/strong><\/td>\n\n
Carriage Paid To<\/small><\/span><\/strong><\/div>\n<\/td>\n
Carriage Insurance Paid To<\/small><\/span><\/strong><\/td>\nDelivered At Frontier<\/small><\/span><\/strong><\/td>\nDelivered Ex Ship<\/small><\/span><\/strong><\/td>\nDelivered Ex Quay Duty Unpaid<\/small><\/span><\/strong><\/td>\nDelivered Duty Unpaid<\/small><\/span><\/strong><\/td>\nDelivered Duty Paid<\/small><\/span><\/strong><\/td>\n<\/tr>\n
Warehouse Storage<\/small><\/span><\/strong><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\n\n
Seller<\/small><\/span><\/div>\n<\/td>\n
Seller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\n<\/tr>\n
Warehouse Labor<\/small><\/strong><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\n\n
Seller<\/small><\/span><\/div>\n<\/td>\n
Seller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\n<\/tr>\n
Export Packing<\/small><\/strong><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\n\n
Seller<\/small><\/span><\/div>\n<\/td>\n
Seller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\n<\/tr>\n
Loading Charges<\/small><\/strong><\/span><\/td>\nBuyer<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\n\n
Seller<\/small><\/span><\/div>\n<\/td>\n
Seller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\n<\/tr>\n
Inland Freight<\/small><\/strong><\/span><\/td>\nBuyer<\/small><\/span><\/td>\nBuyer\/
\nSeller*<\/small><\/span><\/td>\n		Seller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\n\n
Seller<\/small><\/span><\/div>\n<\/td>\n
Seller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\n<\/tr>\n
Terminal Charges<\/small><\/strong><\/span><\/td>\nBuyer<\/small><\/span><\/td>\nBuyer<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\n\n
Seller<\/small><\/span><\/div>\n<\/td>\n
Seller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\n<\/tr>\n
Forwarder’s Fees<\/small><\/strong><\/span><\/td>\nBuyer<\/small><\/span><\/td>\nBuyer<\/small><\/span><\/td>\nBuyer<\/small><\/span><\/td>\nBuyer<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\n\n
Seller<\/small><\/span><\/div>\n<\/td>\n
Seller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\n<\/tr>\n
Loading On Vessel<\/small><\/strong><\/span><\/td>\nBuyer<\/small><\/span><\/td>\nBuyer<\/small><\/span><\/td>\nBuyer<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\n\n
Seller<\/small><\/span><\/div>\n<\/td>\n
Seller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\n<\/tr>\n
Ocean\/Air Freight<\/small><\/strong><\/span><\/td>\nBuyer<\/small><\/span><\/td>\nBuyer<\/small><\/span><\/td>\nBuyer<\/small><\/span><\/td>\nBuyer<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\n\n
Seller<\/small><\/span><\/div>\n<\/td>\n
Seller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\n<\/tr>\n
Charges On\u00a0 Arrival At Destination<\/small><\/strong><\/span><\/td>\nBuyer<\/small><\/span><\/td>\nBuyer<\/small><\/span><\/td>\nBuyer<\/small><\/span><\/td>\nBuyer<\/small><\/span><\/td>\nBuyer<\/small><\/span><\/td>\nBuyer<\/small><\/span><\/td>\n\n
Seller<\/small><\/span><\/div>\n<\/td>\n
Seller<\/small><\/span><\/td>\nBuyer<\/small><\/span><\/td>\nBuyer<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\n<\/tr>\n
Duty, Taxes & Customs Clearance<\/small><\/strong><\/span><\/td>\nBuyer<\/small><\/span><\/td>\nBuyer<\/small><\/span><\/td>\nBuyer<\/small><\/span><\/td>\nBuyer<\/small><\/span><\/td>\nBuyer<\/small><\/span><\/td>\nBuyer<\/small><\/span><\/td>\n\n
Buyer<\/small><\/span><\/div>\n<\/td>\n
Buyer<\/small><\/span><\/td>\nBuyer<\/small><\/span><\/td>\nBuyer<\/small><\/span><\/td>\nBuyer<\/small><\/span><\/td>\nBuyer<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\n<\/tr>\n
Delivery To Destination<\/small><\/strong><\/span><\/td>\nBuyer<\/small><\/span><\/td>\nBuyer<\/small><\/span><\/td>\nBuyer<\/small><\/span><\/td>\nBuyer<\/small><\/span><\/td>\nBuyer<\/small><\/span><\/td>\nBuyer<\/small><\/span><\/td>\n\n
Buyer<\/small><\/span><\/div>\n<\/td>\n
Buyer<\/small><\/span><\/td>\nBuyer<\/small><\/span><\/td>\nBuyer<\/small><\/span><\/td>\nBuyer<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\nSeller<\/small><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

Allocations of costs to buyer\/seller according to Incoterms 2010<\/strong><\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Incoterm 2010<\/strong><\/td>\nExport customs declaration<\/strong><\/td>\nCarriage to port of export<\/strong><\/td>\nUnloading of truck in port of export<\/strong><\/td>\nLoading on vessel in port of export<\/strong><\/td>\nCarriage (Sea\/Air) to port of import<\/strong><\/td>\nInsurance<\/strong><\/td>\nUnloading in port of import<\/strong><\/td>\nLoading on truck in port of import<\/strong><\/td>\nCarriage to place of destination<\/strong><\/td>\nImport customs clearance<\/strong><\/td>\nImport taxes<\/strong><\/td>\n<\/tr>\n
EXW<\/strong><\/td>\nBuyer<\/td>\nBuyer<\/td>\nBuyer<\/td>\nBuyer<\/td>\nBuyer<\/td>\nBuyer<\/td>\nBuyer<\/td>\nBuyer<\/td>\nBuyer<\/td>\nBuyer<\/td>\nBuyer<\/td>\n<\/tr>\n
FCA<\/strong><\/td>\nSeller<\/td>\nSeller<\/td>\nBuyer<\/td>\nBuyer<\/td>\nBuyer<\/td>\nBuyer<\/td>\nBuyer<\/td>\nBuyer<\/td>\nBuyer<\/td>\nBuyer<\/td>\nBuyer<\/td>\n<\/tr>\n
FAS<\/strong><\/td>\nSeller<\/td>\nSeller<\/td>\nSeller<\/td>\nBuyer<\/td>\nBuyer<\/td>\nBuyer<\/td>\nBuyer<\/td>\nBuyer<\/td>\nBuyer<\/td>\nBuyer<\/td>\nBuyer<\/td>\n<\/tr>\n
FOB<\/strong><\/td>\nSeller<\/td>\nSeller<\/td>\nSeller<\/td>\nSeller<\/td>\nBuyer<\/td>\nBuyer<\/td>\nBuyer<\/td>\nBuyer<\/td>\nBuyer<\/td>\nBuyer<\/td>\nBuyer<\/td>\n<\/tr>\n
CPT<\/strong><\/td>\nSeller<\/td>\nSeller<\/td>\nSeller<\/td>\nSeller<\/td>\nSeller<\/td>\nBuyer<\/td>\nBuyer<\/td>\nBuyer<\/td>\nBuyer<\/td>\nBuyer<\/td>\nBuyer<\/td>\n<\/tr>\n
CFR(CNF)<\/strong><\/td>\nSeller<\/td>\nSeller<\/td>\nSeller<\/td>\nSeller<\/td>\nSeller<\/td>\nBuyer<\/td>\nBuyer<\/td>\nBuyer<\/td>\nBuyer<\/td>\nBuyer<\/td>\nBuyer<\/td>\n<\/tr>\n
CIF<\/strong><\/td>\nSeller<\/td>\nSeller<\/td>\nSeller<\/td>\nSeller<\/td>\nSeller<\/td>\nSeller<\/td>\nBuyer<\/td>\nBuyer<\/td>\nBuyer<\/td>\nBuyer<\/td>\nBuyer<\/td>\n<\/tr>\n
CIP<\/strong><\/td>\nSeller<\/td>\nSeller<\/td>\nSeller<\/td>\nSeller<\/td>\nSeller<\/td>\nSeller<\/td>\nBuyer\/Seller<\/td>\nBuyer\/Seller<\/td>\nBuyer<\/td>\nBuyer<\/td>\nBuyer<\/td>\n<\/tr>\n
DAT<\/strong><\/td>\nSeller<\/td>\nSeller<\/td>\nSeller<\/td>\nSeller<\/td>\nSeller<\/td>\nSeller<\/td>\nSeller<\/td>\nBuyer<\/td>\nBuyer<\/td>\nBuyer<\/td>\nBuyer<\/td>\n<\/tr>\n
DAP<\/strong><\/td>\nSeller<\/td>\nSeller<\/td>\nSeller<\/td>\nSeller<\/td>\nSeller<\/td>\nSeller<\/td>\nSeller<\/td>\nSeller<\/td>\nSeller<\/td>\nBuyer<\/td>\nBuyer<\/td>\n<\/tr>\n
DDP<\/strong><\/td>\nSeller<\/td>\nSeller<\/td>\nSeller<\/td>\nSeller<\/td>\nSeller<\/td>\nSeller<\/td>\nSeller<\/td>\nSeller<\/td>\nSeller<\/td>\nSeller<\/td>\nSeller\/Not including VAT\/FAT<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Inco – Terms International Commercial Terms The INCOTERMS (International Commercial Terms) is a universally recognized set of definitions of international trade terms, such as FOB, CFR and CIF, developed by the International Chamber of Commerce (ICC) in Paris, France. It defines the trade contract responsibilities and liabilities between buyer and seller. It is invaluable and…<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":10,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"_links":{"self":[{"href":"https:\/\/www.rtclogistics.in\/index.php?rest_route=\/wp\/v2\/pages\/274"}],"collection":[{"href":"https:\/\/www.rtclogistics.in\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.rtclogistics.in\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.rtclogistics.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rtclogistics.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=274"}],"version-history":[{"count":11,"href":"https:\/\/www.rtclogistics.in\/index.php?rest_route=\/wp\/v2\/pages\/274\/revisions"}],"predecessor-version":[{"id":370,"href":"https:\/\/www.rtclogistics.in\/index.php?rest_route=\/wp\/v2\/pages\/274\/revisions\/370"}],"up":[{"embeddable":true,"href":"https:\/\/www.rtclogistics.in\/index.php?rest_route=\/wp\/v2\/pages\/10"}],"wp:attachment":[{"href":"https:\/\/www.rtclogistics.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}