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Saffron exporter6/7/2023 ![]() The buyer regulates the import handling and import taxation. The seller bears the costs and risks for the transport to the specified destination, as well as for the freight insurance. The seller delivers the goods to the carrier or another person named by the seller to an agreed location. The seller has to conclude the transport contract and bears the costs and freight for transporting the goods to the named port of destination or import terminalĬIP – Carriage And Insurance Paid To (freight and insurance paid by) ![]() Abdul Salaam Jawad, spokesperson for the Ministry of Commerce and Industries (MoCI) told Pajhwok Afghan News most of the saffron exported through air corridor to India, UAE, and China and from these countries. The seller assumes all costs and risks until the goods have been loaded onto the ship. KABUL (Pajhwok): Afghanistan exported 69 tonnes of saffron worth 22 million last year, an official said on Friday. He takes care of all the formalities and bears all costs and import duties.ĬFR – Cost and Freight (cost and freight) The seller delivers the goods to a destination at his own risk and expense. The seller must make the goods cleared for import available to the buyer at the terminal of the named port of destination at the agreed time.ĭDP – Delivered Duty Paid (duty paid free) The seller assumes the costs and risks for the transport of goods to an agreed address.ĭAT - Delivered at Terminal (delivered terminal) The seller also takes out insurance against the buyer's risk of losing or damaging the goods during carriage.ĭAP – Delivered At Place (delivered named place) The seller bears the costs for packaging and postage for export. The seller assumes all costs and risks until the goods have been loaded onto the ship. saffron exporters Blogs, Comments and Archive News on. The buyer takes responsibility as soon as the goods are on board.ĬIF – Cost, Insurance And Freight (Costs, insurance and freight to the port of destination) saffron exporters Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. The seller is also responsible for export clearance. The buyer assumes the risk from the moment the goods are handed over to the carrier. The seller also undertakes the export customs declaration. The seller must deliver the goods to the buyer's carrier at a location specified by the buyer (for shipping or collection). The buyer organizes the loading and the transport and bears the costs and risks. The seller must ensure access to the goods at another named location (e.g. For a comprehensive description of the Incoterms, please visit the website of the International Chamber of Commerce. ![]() Please note that this is only a rough overview of the Incoterms. They must always be agreed by both contracting parties and confirmed by signing the contract. They regulate the distribution of costs and obligations and thus prevent misunderstandings and disputes. Incoterms are internationally recognized trade clauses that facilitate the trade in goods with the help of standardized contract formulas.
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