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  • Incoterms Chart 073109

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    Sumit Sharma
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    This document provides an overview of different Incoterms and who pays for various services under each Incoterm. It lists 13 common Incoterms - such as EXW, FCA, FOB, CIF - and specifies whether the seller or buyer pays for services like storage, packing, loading, freight, duties and delivery under each term. It notes exceptions for some Incoterms regarding who pays forwarding fees and insurance. The document aims to serve as a quick reference guide for understanding responsibilities under different Incoterms.

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    This document provides an overview of different Incoterms and who pays for various services under each Incoterm. It lists 13 common Incoterms - such as EXW, FCA, FOB, CIF - and specifies whether the seller or buyer pays for services like storage, packing, loading, freight, duties and delivery under each term. It notes exceptions for some Incoterms regarding who pays forwarding fees and insurance. The document aims to serve as a quick reference guide for understanding responsibilities under different Incoterms.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    114 views1 page

    Incoterms Chart 073109

    Uploaded by

    Sumit Sharma
    This document provides an overview of different Incoterms and who pays for various services under each Incoterm. It lists 13 common Incoterms - such as EXW, FCA, FOB, CIF - and specifies whether the seller or buyer pays for services like storage, packing, loading, freight, duties and delivery under each term. It notes exceptions for some Incoterms regarding who pays forwarding fees and insurance. The document aims to serve as a quick reference guide for understanding responsibilities under different Incoterms.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    PHOENIX INTERNATIONAL FREIGHT SERVICES, LTD.

    INCOTERMS 2000 QUICK REFERENCE GUIDE


    INCOTERM
    EXW
    Ex Works

    FCA
    Free Carrier Who Pays

    FAS
    Free Alongside Ship Who Pays

    FOB
    Free Onboard Vessel Who Pays

    CFR
    Cost & Freight Who Pays

    CIF (4)
    Cost Insurance & Freight Who Pays

    CPT (1)
    Carriage Paid To Who Pays

    CIP (1) (4)


    Carriage Insurance Paid To Who Pays

    DAF
    Delivered At Frontier Who Pays

    DES
    Delivered Ex Ship Who Pays

    DEQ
    Delivered Ex Quay Duty Unpaid Who Pays

    DDU
    Delivered Duty Unpaid Who Pays

    DDP
    Delivered Duty Paid Who Pays

    SERVICES
    Warehouse Storage Warehouse Labor Export Packing Loading Charges Inland Freight Terminal Charges Forwarder's Fees Loading On Vessel Ocean/Air Freight Charges On Arrival At Destination Duty, Taxes & Customs Clearance Delivery To Destination

    Who Pays

    Seller Seller Seller Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer

    Seller Seller Seller Seller Buyer (3) Buyer Buyer Buyer Buyer Buyer Buyer Buyer

    Seller Seller Seller Seller Seller Seller Buyer (2) Buyer Buyer Buyer Buyer Buyer

    Seller Seller Seller Seller Seller Seller Buyer (2) Seller Buyer Buyer Buyer Buyer

    Seller Seller Seller Seller Seller Seller Seller Seller Seller Buyer Buyer Buyer

    Seller Seller Seller Seller Seller Seller Seller Seller Seller Buyer (3) Buyer Buyer

    Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller Buyer Buyer

    Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller Buyer Buyer

    Seller Seller Seller Seller Seller Seller Seller Seller Seller Buyer Buyer Buyer

    Seller Seller Seller Seller Seller Seller Seller Seller Seller Buyer Buyer Buyer

    Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller Buyer Buyer

    Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller Buyer Seller

    Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller

    (1) Risk of loss or damage is transferred from Seller to Buyer when the goods have been delivered to the carrier. (2) Payment of the Freight Forwarders Fees can be controversial, depending on the Contract of Sale. (3) Responsibility may be either the Buyer or the Seller. (4) While the Seller is responsible for insurance coverage during the main voyage, the buyer may have additional "insurable interest" and prudence may dictate purchase of additional coverage.

    FOR ALL YOUR FREIGHT FORWARDING NEEDS CHECK US OUT AT WWW.PHOENIXINTL.COM


    Copyright, 2009. The Global Logistics Training Center.

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