Thirteen trade terms are listed in the General Rules for the Interpretation of International Trade Terms in 1990. The main points are as follows: Custom Shirt,Cotton Shirt,Fashion Shirt,Y/D Shirt SHAOXING NEWGROUND TEXTILE TRADING CO., LIMITED , https://www.shaoxingnewground.com
(1) Factory Delivery (EXW)
The term in English is "EX Works (... named place)", that is, "factory delivery (...designated place)".
It means that the seller is responsible for delivering the prepared goods to the buyer at the place where the workshop, factory, warehouse, etc., but is usually not responsible for loading the goods on the vehicle prepared by the buyer or for customs clearance. The buyer bears all costs and risks of transporting the goods to the intended destination from the seller's location.
(2) Freight carrier (FCA)
The term in English is "Free Carrier (... named place)", that is, "cargo carrier (...designated place)".
It refers to the goods that the seller is responsible for handing over to the goods, and after delivery, the goods are delivered to the buyer at the designated place. According to commercial practice, when the seller is required to cooperate with the carrier by signing a contract, the seller can do so in the event that the buyer bears the risks and expenses. This term applies to any mode of transport.
(3) Shipside delivery (FAS)
The term in English is "Free Alongside ship (... named port of shipment)" means "shipside delivery (...designated port of shipment)".
It means that the seller delivers the goods to the ship at the designated port of shipment or barge. From then on, the buyer shall bear the full cost and risk of loss or damage of the goods, and the buyer shall go through the export clearance procedures. This term applies to maritime transport or inland water transport.
(4) On-board delivery (FOB)
The term in English is "Free on Boaro (... named port of shipment)", that is, "shipping on board (...designated port of shipment)".
It means that the seller delivers the goods at the designated port of shipment after the goods have been delivered to the ship's side. After the goods have been shipped, the buyer shall bear the full cost, risk, loss or damage of the goods, and the seller shall be required to handle the export customs clearance of the goods. This term applies to maritime transport or inland water transport.
(5) Cost plus freight (CFR or c&F)
The term in English is "Cost and Freight (named port of shipment)", which means "cost plus freight (...specified destination port)".
It means that the seller must pay the expenses and freight charges required to transport the goods to the designated port of destination, but after the goods are delivered to the deck of the ship, the risk, loss or damage of the goods and the additional expenses incurred after the accident occur when the goods cross the designated port. After the ship's side, the seller will turn to the buyer. In addition, the seller is required to handle the export customs clearance of the goods. This term applies to maritime transport or inland water transport.
(6) Cost, insurance and freight (CIF)
The term in English is "Cost, Insurance and Freight (...named port of shipment)", that is, "cost, insurance and freight (...specified destination port)".
It means that in addition to the obligation of the seller to have the same term as “cost plus freightâ€, the seller must also handle the maritime insurance in which the goods are lost or damaged by the buyer during the transportation and pay the insurance premium. This term applies to maritime transport or inland water transport.
(7) Freight paid to (CPT)
The term in English is "Carriage Paid to": tid to (... named place of destination), that is, "shipping to (...specified destination)".
This term refers to the freight that the seller pays for the shipment of the goods to the specified destination. The risk of loss of or damage to the goods and any additional costs incurred by the event after the goods have been delivered to the carrier shall be transferred from the seller to the buyer from the time the goods have been delivered to the carrier. In addition, the seller must go through the customs clearance procedures for the export of goods. This term applies to all modes of transportation, including multimodal transport.
(8) Freight and insurance premiums paid to (CIP)
The term in English is "Carriage and Insurance Paid to (... named place of destination)", that is, "freight and insurance premium paid to (...specified destination)".
It means that the seller is not only obliged to have the same obligation as the term “delivery to (...specified destination)â€, but the seller must also handle the marine insurance for the risk of loss or damage of the goods that the buyer should bear in transit. And pay the insurance premium. This term applies to any mode of transport.
(9) Border Delivery (DAF)
The English term for this term is "Delivered at Frontier (...named place)", that is, "border delivery (...designated location)".
It means that the seller undertakes the following duties, transports the prepared goods to the designated place on the border, handles the customs clearance of the goods, and delivers them before the border customs of the neighboring countries. This term is mainly applicable to goods transported by rail or road, and can also be used for Other modes of transportation.
(10) Shipment on destination port (DES)
The English term for this term is "Delivered Ex Ship (... named port of destination)", that is, "delivery on board the port of destination (...specified destination port)".
It means that the seller fulfils the following obligations and delivers the prepared goods to the buyer without going through the customs clearance of the goods on the deck of the designated port of destination. Therefore, the seller must bear all costs including the transportation of the goods to the designated port of destination. And risk. This term applies only to sea or inland water transport.
(11) Destination port delivery (DEQ)
The English terminology is: "Delivered Ex Quay (Duly Paid) (...named port of destination)", that is, "Delivery at the port of destination (customs paid) (...specified destination port)".
This term refers to the seller's obligation to deliver the goods prepared at the designated port of destination to the buyer after import clearance, and the seller shall bear all risks and expenses, including Guan Rui, taxation and other deliveries. The cost of the occurrence. This term applies to maritime transport or inland water transport.
(12) Duty-free delivery (DDU)
The English term for this term is "Delivered Duty Unpaid (... named place of destination)", that is, "unpaid delivery (...specified destination)".
It means that the goods to be prepared by the seller are delivered at the place designated by the importing country and bear all costs and risks of transporting the goods to the designated place (excluding customs duties, taxes and other official fees payable upon import), and The cost and risk of handling customs formalities. The buyer shall bear the additional costs and risks arising from the failure to promptly handle the customs clearance of the goods. This term applies to all modes of transportation.
(13) Post-tax delivery (DDP)
The English term for this term is "Delivered Duty Paid (... named place of destination)", that is, "delivery after tax (...specified destination)". It means that the seller delivers the prepared goods at the designated place in the importing country, and bears all costs and risks of transporting the goods to the designated place, and handles the import customs clearance. This term can be applied to a variety of modes of transport.