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In international trade, various Incoterms are utilized to define the responsibilities, costs, and risks associated with the transportation and delivery of goods between the seller and the buyer. The following are the trade terms that we are willing to accept:
EXW (Ex Works)
The seller’s only responsibility is to make the goods available at their premises (i.e., works, factory, warehouse, etc.). The buyer bears all costs and risks involved in taking the goods from the seller’s premises to the desired destination.
FCA (Free Carrier)
The seller delivers the goods to the carrier nominated by the buyer at the named place. From that point, the buyer bears all costs and risks of loss or damage to the goods.
FAS (Free Alongside Ship)
The seller delivers the goods when they are placed along the ship’s side at the named port of shipment. The buyer bears all costs and risks of loss or damage from that moment onwards.
FOB (Free on Board)
The seller delivers the goods on board the vessel nominated by the buyer at the named port of shipment. The buyer assumes all costs and risks from the point the goods are on board.
CFR (Cost and Freight)
The seller must pay the costs and freight necessary to bring the goods to the named port of destination. The risk of loss or damage transfers to the buyer when the goods are on board the ship.
CIF (Cost, Insurance, and Freight)
The seller must pay the costs, freight, and insurance to bring the goods to the named port of destination. The risk transfers to the buyer once the goods are loaded on the ship.
CPT (Carriage Paid To)
The seller pays for the carriage of the goods to the named place of destination. The risk of loss or damage to the goods, as well as any additional costs, is transferred to the buyer when the goods are handed over to the first carrier.
CIP (Carriage and Insurance Paid To)
The seller pays for the carriage and insurance of the goods to the named place of destination. The risk transfers to the buyer once the goods are handed over to the first carrier.
DAP (Delivered-at-Place)
The seller is responsible for delivering the goods to the named place of destination, ready for unloading from the arriving means of transport. The buyer bears all risks of loss or damage from that moment.
DPU (Delivered at Place Unloaded)
The seller is responsible for unloading the goods at the named place of destination and bearing all costs and risks until unloading is completed.
DDP (Delivered Duty Paid)
The seller is responsible for delivering the goods to the named place in the country of importation, cleared for import, and ready for unloading from the arriving means of transport. The seller bears all costs and risks until delivery.
These Incoterms outline the specific obligations, costs, and risks associated with each trade term, enabling both parties to clearly understand their responsibilities in the transaction. By accepting these terms, we aim to facilitate smooth and efficient international trade operations.