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INCOTERMS 2020

ANGIE KATHERINE FORERO CUBIDES Spanish

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INCOTERMS 2020

Marine transport
- FAS (Free Alongside Ship)
  - It is understood that the seller makes the delivery when the merchandise is placed next to the ship in the agreed port of shipment.
    - Responsibilities
      - Seller
        Delivery of merchandise in your warehouse.
        Loading the goods on the truck
        Local transportation at origin from warehouse to port / airport
        Export customs clearance
      - Buyer
        Transportation insurance
        Loading and stowage of merchandise on the ship
        International transportation of merchandise
        Unloading of merchandise
        Import customs clearance
        Local transportation at destination
        Delivery to the buyer's warehouse
- FOB (Free on Board)
  - - Obligations
      - Seller
        Goods, commercial invoice and documentation
        Export packaging and marking
        Export licenses and customs formalities
        Pre-carriage and delivery
        Loading charges
        Delivery onboard vessel at named port of shipment
        Proof of delivery
        Cost of pre-shipment inspection
      - Buyer
        Payment for goods as specified in sales contract
        Main carriage
        Discharge and onward carriage
        Import formalities and duties
        Cost of pre-shipment inspection (for import clearance)
  - This Incoterms determines that the seller must load the goods on the ship chosen by the buyer.
- CFR (Cost And Freight)
  - It consists in that the exporter will fulfill his obligation to deliver the goods once the merchandise is loaded and stowed at the agreed port of shipment.
    - - seller
        Delivery of merchandise in your warehouse
        Loading the goods on the truck
        Local transportation at origin from warehouse to port / airport
        Export customs clearance
        Loading and stowage of merchandise on the ship
        International transportation of merchandise
      - Buyer
        Transportation insurance
        Unloading of merchandise
        Import customs clearance
        Local transportation at destination
        Delivery to the buyer's warehouse
- CIF (Cost, Insurance & Freight)
  - The seller is responsible for the cost and freight of taking the goods to the destination port specified by the buyer.
    - - Seller
        Delivery of merchandise in your warehouse
        Loading the goods on the truck
        Local transportation at origin from warehouse to port / airport
        Export customs clearance
        Transportation insurance
        Loading and stowage of merchandise on the ship
        International transportation of merchandise
      - Buyer
        Unloading of merchandise
        Import customs clearance
        Local transportation at destination
        Delivery to the buyer's warehouse
Incoterms are theterms of International Negotiation, which determine mechanisms for us to agree on the responsibilities of exporter and importer.
Multimodal transport
- EXW (Ex - Works)
  - It is that the seller simply has to make the products available, properly packaged, in the specified place, usually at the seller's factory or warehouse.
  - - Seller
      - Delivery of goods and required documents
      - Embalaje y envoltura
    - Buyer
      - Payment of goods
      - Ground transportation in the country of origin
      - Customs fees at origin
      - Origin charges
      - International cargo
      - Destination charges
      - Customs fees at destination
      - Ground transportation in the destination country
      - Payment of duties and taxes
- FCA (Free Carrier)
  - - Obligations
      - Seller
        Delivery of merchandise in your warehouse
        Loading the goods on the truck
        Local transportation at origin from warehouse to port / airport
        Export customs clearance
      - Buyer
        Transportation insurance
        Loading and stowage of merchandise on the ship
        International transportation of merchandise
        Unloading of merchandise
        Import customs clearance
        Local transportation at destination
        Delivery to the buyer's warehouse
- CPT (Carriage Paid To)
  - The seller is responsible for bringing the products to destination.
    - - Buyer
        Unloading of merchandise
        Import customs clearance
        Local transportation at destination
        Delivery to the buyer's warehouse
      - Seller
        Delivery of merchandise in your warehouse
        Loading the goods on the truck
        Local transportation at origin from warehouse to port / airport
        Export customs clearance
        Transportation insurance
        Loading and stowage of merchandise on the ship
        International transportation of merchandise
- CIP ( Carriage and Insurance Paid To )
  - - Seller
      - Goods, commercial invoice and documentation
      - Export packaging and marking
      - Export licenses and customs formalities
      - Pre-carriage and delivery
      - Loading charges
      - Cost of delivery at named place of destination
      - Proof of delivery
      - Cost of pre-shipment inspection
      - All-risk insurance coverage
    - Buyer
      - All-risk insurance coverage
      - Import formalities and duties
      - Cost of import clearance pre-shipment inspection
- DAP (Delivered At Place)
  - It establishes that the seller must make the products available to the buyer at the location chosen by the buyer at the origin.
    - - Buyer
        Payment of goods
        Customs fees at destination
        Payment of duties and taxes
      - Seller
        Delivery of goods and required documents
        Packaging and wrapping
        Ground transportation in the country of origin
        Customs fees at origin
        Origin charges
        International cargo
        Destination charges
        Ground transportation in the destination country
- DDP ( Delivered Duty Paid)
  - Means that the seller delivers the goods when the goods are made available to the buyer.
    - - Seller
        Goods, commercial invoice and documentation
        Packaging and marking export
        Export licenses and customs formalities
        Pre-transporte y entrega
        Cargo charges
        Main car
        Proof of delivery
        Import formalities and duties
        Cost of all inspections
        Delivery to the designated destination
      - Buyer
        Payment of goods as specified in the sales contract
        Help the seller to obtain any document or information necessary for the export or import clearance procedures.
- DPU (Delivered at Place Unloaded)
  - - Seller
      - Goods, commercial invoice and documentation
        Packaging and marking export
        Export licenses and customs formalities
        Pre-transport and delivery
        Cargo charges
        Main car
        Delivery to the designated destination
        Downloading charges
        Proof of delivery
        Pre-shipment inspection cost
    - Buyer
      - Payment of goods as specified in the sales contract
        Import formalities and duties
        Import clearance cost pre-shipment inspection
        Later transport and delivery to the buyer (according to the designated place)
  - It is the only Incoterms rule that requires the seller to unload merchandise at the destination.

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Description: Mind Map on INCOTERMS 2020, created by ANGIE KATHERINE FORERO CUBIDES on 18/03/2020.
Created by: ANGIE KATHERINE FORERO CUBIDES · Mar 2020
Updated: Mar 23, 2020
Views: 187
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INCOTERMS 2020

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