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Incoterms

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SAL Advantage

Incoterms

The International Chamber of Commerce has taken approximately two years to review and revise the Incoterms. Now known as Incoterms 2000, these took effect on January 1, 2000.

The major revisions are summarized below.

Loading and unloading obligations under FCA

“Free Carrier” means the seller delivers the goods, cleared for export, to the carrier nominated by the buyer at the named place. The chosen place of delivery has a direct impact on the obligations
of loading and unloading the goods at that place. If delivery occurs at the seller’s premises, the seller is responsible for loading. If delivery occurs at any other place, the seller is not responsible for unloading.

Customs clearance for FAS and DEQ

FAS now places the responsibility for clearing the goods for export on the seller, and DEQ now places the responsibility for clearing the goods for import on the buyer.

Category

	E-terms	The seller only makes the goods available to the buyer at the seller’s own premises.
	F-terms	The seller delivers the goods to a carrier appointed by the buyer.
	C-terms	The seller has to contract for carriage, but without assuming the risk of loss of or damage to the goods or additional costs due to events occurring after shipment and dispatch.
	D-terms	The seller has to bear all costs and risks needed to bring the goods to the place of destination.

Group

Group E	Departure
	EXW	Ex Works.... (named place)
Group F	Main Carriage Unpaid
	FCA	Free Carrier.... (named place)
	FAS	Free Alongside Ship.... (named port of shipment)
	FOB	Free On Board.... (named port of shipment)
Group C	Main Carriage Paid
	CFR	Cost and Freight.... (named port of destination)
	CIF	Cost, Insurance and Freight.... (named port of destination)
	CPT	Carriage Paid To.... (named place of destination)
	CIP	Carriage and Insurance Paid To.... (named place of destination)
Group D	Arrival
	DAF	Delivered At Frontier.... (named place)
	DES	Delivered Ex Ship.... (named port of destination)
	DEQ	Delivered Ex Quay.... (named port of destination)
	DDU	Delivered Duty Unpaid.... (named place of destination)
	DDP	Delivered Duty Paid.... (named place of destination)

SAL's General Advantage

»	Purchase order, L/C chasing and updating customers for shipment status.
»	Weekly / fortnightly shipment status report if desired.
»	Help / Support through our dedicated staff at airport for coordination with consignee's customs brokers.
»	Economical rates on first class carriers.