25 fm incoterm & export documantation1

8/9/2019 25 FM Incoterm & Export Documantation1

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INTERNATIONAL COMMERCIAL TERMS

Fashion Merchandising


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Export documentation &

Trade terms(INCO terms)

International Commercial Terms


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Incotermsor( International Commercialterms)

Incotermsor International Commercialtermsare a series of international saleswith terms pu!lished !" International

Cham!er of Commerce (ICC) and widel"used in international commercialtransactions#

These are accepted !" go$ernments legalauthorities and practitioners worldwide forthe interpretation of most commonl" used

terms in international trade#


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Incotermsor(International Commercial terms)

This reduces or remo$es altogetheruncertainties arising from di%erentinterpretation of such terms in di%erentcountries#

cope of this is limited to matters relating torights and o!ligations of the parties to thecontract of sale with respect to the deli$er" ofgoods sold#

The" are used to di$ide transaction costs andresponsi!ilities !etween !u"er and seller andre'ect stateoftheart transportation practices#

The" closel" correspond to the #N# Con$ention

on Contracts for the International ale of *oods


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INCO TE+M

INCOTERMSare most fre-uentl"listed !" categor"#


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International Commercial Terms( INCOTERMS )

GROUP TERM Stands for

E E./ Ex /or0s

F FC1 Free Carrier

F1 Free 1longside hip

FO2 Free On 2oard

C CF+ Cost and Freight

CIF Cost Insurance and Freight

C3T Carriage 3aid To

CI3 Carriage and Insurance 3aidTo

D 41F 4eli$ered 1t Frontier

4E 4eli$ered Ex hip

4E5 4eli$ered Ex 5ua"

44 4eli$ered 4ut" npaid

4434eli$ered 4ut" 3aid
http://www.export911.com/e911/export/comTerm.htmhttp://www.export911.com/e911/export/comTerm.htmhttp://www.export911.com/e911/export/comTerm.htmhttp://www.export911.com/e911/export/comTerm.htmhttp://www.export911.com/e911/export/comTerm.htmhttp://www.export911.com/e911/export/comTerm.htmhttp://www.export911.com/e911/export/comTerm.htmhttp://www.export911.com/e911/export/comTerm.htmhttp://www.export911.com/e911/export/comTerm.htmhttp://www.export911.com/e911/export/comTerm.htmhttp://www.export911.com/e911/export/comTerm.htmhttp://www.export911.com/e911/export/comTerm.htmhttp://www.export911.com/e911/export/comTerm.htmhttp://www.export911.com/e911/export/comTerm.htmhttp://www.export911.com/e911/export/comTerm.htmhttp://www.export911.com/e911/export/comTerm.htmhttp://www.export911.com/e911/export/comTerm.htmhttp://www.export911.com/e911/export/comTerm.htmhttp://www.export911.com/e911/export/comTerm.htmhttp://www.export911.com/e911/export/comTerm.htmhttp://www.export911.com/e911/export/comTerm.htmhttp://www.export911.com/e911/export/comTerm.htmhttp://www.export911.com/e911/export/comTerm.htmhttp://www.export911.com/e911/export/comTerm.htmhttp://www.export911.com/e911/export/comTerm.htmhttp://www.export911.com/e911/export/comTerm.htmhttp://www.export911.com/e911/export/comTerm.htmhttp://www.export911.com/e911/export/comTerm.htm


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5ua"1 concrete stone or metal platform l"ing alongsideor pro6ecting into water for loading and unloading ships
http://www.export911.com/e911/export/comTerm.htmhttp://www.export911.com/e911/export/comTerm.htm


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INCO terms( InternationalCommercial Terms)

Terms !eginning withF refer toshipments where the primar" cost ofshipping is not paid for !" the seller#

Terms !eginning with Cdeal withshipments where the seller pa"s forshipping#

Eterms occur when a seller7sresponsi!ilities are ful8lled whengoods are read" to depart from their

facilities


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INCO TE+M 4 terms co$er shipments where the

shipper9seller7s responsi!ilit" ends whenthe goods arri$e at some speci8c point#

2ecause shipments are mo$ing into a

countr" 4 terms usuall" in$ol$e theser$ices of a customs !ro0er and afreight forwarder#

In addition 4terms also deal with the

pier or doc0ing charges found at $irtuall"all ports and determining who isresponsi!le for each charge#


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Incoterms 2000

:; terms of

Incoterms

E series

EX

F series

F!S

FO"

FC!

C series

CFR

CIF

CPT

CIP

D series

D!FDES

DE#

DDU

DDPShipment contract-(Risk transfers to importer

within export country

-Promise to make shipment

NOT an arrival

Arrival contract

-(Risk transfers to importer

within import country

- Promise for an arrival of

the goods


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