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The Trade Terms of the International Chamber of CommerceWhat is a Trade Term?A trade term is a combination of letters or words, which specifies certain obligations within the sales contract.What Obligations Does a Trade Term Specify?The trade term specifies the1. Transfer of risk- when the seller has the right to claim for the contract price even if the goods are lost, damaged or short-delivered.2. Transfer of obligations- where and how the seller must make the goods available to the buyer and how the buyer must take delivery of the goods.3. Division of costs- how the normal costs relating to the export and import of goods should be divided between the seller and the buyer.What are INCOTERMS?INCOTERMS are a set of international rules for the interpretation of the 13 trade terms published by the International Chamber of Commerce (ICC).Responsibilities are simply and clearly defined by referring to one of the ICC INCOTERMS.Thus the risk of misunderstanding and subsequent disputes is eliminated.Trade Terms and Named Points of DeliveryAfter the chosen trade term one should state- the named point where the costs transfer and - .Incoterms 2000For instance CIF Hamburg Incoterms 2000.Trade Terms and Cargo InsuranceThe need for cargo insurance follows the risk of loss or damage, i.e. each party arranges for insurance for the part of the carriage when the goods are at his risk.According to the terms CIF and CIP the seller must arrange cargo insurance in favour of the buyer.Trade Terms and Mode of TransportationThe use of trade terms in connection with different modes of transport in the export and import of goods is described below.+ = recommended- = not recommendedEXWFCAFASFOBCFRCIFCPTCIPDAFDESDEQDDUDDP询盘常用贸易术语GroupTermStands forMeansFees运费保费出口税进口税EEXW工厂交货价Ex Works任何BBBBFFCA货交承运人价Free Carrier任何BBSBFAS装运港船边交货价Free Alongside Ship水上BBSBFOB装运港船上交货价Free On Board水上BBSBCCFR成本加运费价Cost & Freight水上SBSBCIF成本加保险,运费价Cost, Insurance & Freight水上SSSBCPT运费付至.价Carriage Paid To任何SBSBCIP保险,运费付至.价Carriage, Insurance Paid to任何SSSBDDAF边境交货价Delivered At Frontier任何SSSBDES目的港船上交货价Delivery Ex Ship水上SSSBDEQ目的港码头交货价Delivery Ex Quay水上SSSSDDU未完税交货价Delivery Duty Unpaid任何SSSBDDP完税交货价Delivery Duty Paid任何SSSSINCOTERMS 2000 Chart of ResponsibilityThe Seller MustGroupTermThe Seller MustEEXW- provide appropriate packing and marking- place the goods at the disposal of the buyer at the named place of delivery- on request assist the buyer with the export documentationFFCA- provide appropriate packing and marking- load the goods on the means of transport nominated by the buyer (delivery at the sellers premises) or place the goods at the disposal of the carrier nominated by the buyer, not unloaded, in the sellers means of transport (delivery at the depot or elsewhere)- carry out the export procedures and provide the buyer with the document received for the delivery of the goodsFAS- provide appropriate packing and marking- place the goods at the disposal of the buyer alongside the ship- carry out the export procedures - provide the buyer with the document received for the delivery of the goodsFOB- provide appropriate packing and marking- deliver the goods on board the ship at the port of shipment- carry out the export procedures- provide the buyer with the document received for the delivery of the goodsCCFR- provide appropriate packing and marking- contract for the carriage and pay the freight to the port of destination- deliver the goods on board the ship at the port of shipment- carry out the export procedures- provide the buyer with the transport document without delayCIF- provide appropriate packing and marking- contract for the carriage and pay the freight to the port of destination- deliver the goods on board the ship at the port of shipment- carry out the export procedures- contract and pay for agreed cargo insurance in favour of the buyer- provide the buyer with the transport document and cargo insurance document without delayCPT- provide appropriate packing and marking- contract for the carriage and pay the freight to the place of destination- deliver the goods to the carrier- carry out the export procedures- provide the buyer with the transport document without delayCIP- provide appropriate packing and marking- contract for the carriage and pay the freight to the place of destination- deliver the goods to the carrier- carry out the export procedures- contract and pay for agreed cargo insurance in favour of the buyer- provide the buyer with the transport document and cargo insurance document without delayDDAF- provide appropriate packing and marking- place the goods at the disposal of the buyer on the arriving means of transport at the frontier not unloaded- carry out the export procedures- provide the buyer with the document received for the delivery of the goodsDES- provide appropriate packing and marking- carry out the export procedures- place the goods at the disposal of the buyer on board the ship at the named port of destination- provide the buyer with the document received for the delivery of the goodsDEQ- provide appropriate packing and marking- carry out the export procedures- place the goods at the disposal of the buyer on the quay at the named port of destination- provide the buyer with the document received for the delivery of the goodsDDU- provide appropriate packing and marking- carry out the export procedures- place the goods at the disposal of the buyer at the named place of destination not unloaded- provide the buyer with the document received for the delivery of the goodsDDP- provide appropriate packing and marking- carry out the export and import procedures- place the goods at the disposal of the buyer at the named place of destination not unloadedThe Buyer MustGroupTermThe Buyer MustEEXW- take delivery of the goods and contract for the carriage to the final destinationFFCA- take delivery of the goods, loaded, on the means of transport (delivery at sellers premises) or take delivery of the goods on the arriving means of transport, not unloaded, and carry out unloading, storage, and loading of the goods (delivery at depot or elsewhere)- carry out import procedures and contract of carriage to the final destinationFAS- take delivery of the goods alongside the ship- carry out the import procedures and the carriage to the final destinationFOB- take delivery of the goods on board the ship at the port of shipment- carry out the import procedures and the carriage to the final destinationCCFR- accept delivery of goods at the port of shipment and receive them from the carrier at the port of destination- carry out the import procedures and the carriage to the final destinationCIF- agree on the cargo insurance with the seller- accept delivery of goods at the port of shipment and receive them from the carrier at the port of destination- carry out the import procedures and the carriage to the final destinationCPT- accept delivery of goods at the place of dispatch and receive them from the carrier at the place of destination- carry out the import procedures and the carriage to the final destinationCIP- agree on the cargo insurance with the seller- accept delivery of goods at the place of dispatch and receive them from the carrier at the place of destination- carry out the import procedures and the carriage to the final
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