Quotation Method For Foreign Trade
(1) FCA (Free Carrier) delivered to the carrier (...) The designated place shall mean that the Seller shall, within the specified time of delivery within the contract, place the goods which are exported to the Customs at the designated place or place to the carrier designated by the buyer for supervision, and shall bear the risk of loss or damage to the goods until the goods are subject to the supervision of the carrier. The buyer must at his own expense make a contract of carriage for the goods to be dispatched from the designated place or place, and give full notice to the seller about the name of the carrier, the time and place for delivery, and bear all the expenses and risks after the delivery of the goods to the carrier; he shall be responsible for receiving the goods and paying the price according to the contract.
(2) FAS (Free Alongside Ship) port of shipment (FOB). The named port of shipment refers to the seller's obligation to deliver goods at the port of loading by placing the goods on the dock or barge on the side of the ship. This term applies only to marine or inland waterway pport.
(3) FOB (Free on Board) shipment on board. The named port of shipment means that the seller must designate the port of shipment within the time of shipment stipulated in the contract to deliver the goods to the ship nominated by the buyer and bear all the expenses until the goods pass the ship's side and the risk of loss or damage to the goods.
(4) CFR (Cost and Freight) cost plus freight (... The named port of destination) means that the seller must deliver the goods to the port of destination at the port of shipment within the time of shipment stipulated in the contract, and bear all the expenses until the goods pass the ship's side and the risk of loss or damage to the goods, and shall be responsible for chartering or booking the cargo and paying the normal freight charges at the port of destination.
(5) CIF (Cost, Insurance and Freight) cost, insurance and freight (... The named port of destination) means that the seller must deliver the goods to the ship at the port of destination at the port of shipment within the time of shipment stipulated in the contract, and bear all the expenses until the goods pass the ship's side and the risk of loss or damage to the goods, and shall be responsible for handling the cargo insurance, paying the premium, and chartering the shipping or booking the shipping space, and paying the freight from the port of loading to the port of destination.
(6) CPT (Carriage Paid To) freight paid to the destination (... The named destination refers to the freight paid by the seller to the named place of destination. When the goods are taken to the custody of the carrier, the risk of loss or damage to the goods and the extra expenses arising from the occurrence of the goods after the delivery to the carrier is pferred from the seller to the buyer.
(7) CIP (Carriage and Insurance Paid To) freight and insurance premium paid to the destination (... The named place of destination) means that the seller, in addition to having the same obligation under the CPT term, shall also obtain insurance on the goods at the buyer's risk of loss or damage in pit, and enter into an insurance contract and pay the premium.
(8) DAF (Delivered At Frontier) delivery on the frontier (... "Designated" means that the seller delivers the obligation to deliver goods at the frontier designated place and place before the border area of the neighboring country. This term is mainly used for railway or highway freight pportation, and can also be applied to any other means of pportation.
(9) DES (Delivered Ex Ship) port of destination (...) The named port of destination) refers to the seller's obligation to deliver goods on the ship at the named port of destination when the goods are supplied without customs clearance to the buyer. This term applies only to marine or inland waterway pport.
(10) DEQ (Delivered Ex Quay) ex port (duty paid) The named port of destination) means that the seller delivers the goods to the wharf at the named port of destination, which is subject to the obligation of delivery when the import customs clearance is available for the buyer to collect. This term applies only to marine or inland waterway pport.
(11) DDU (Delivered Duty Unpaid) unpaid delivery (...) The named place of destination) means that the seller delivers the goods to the designated place of the importing country, and that is, when the buyer collects the goods, he fulfil the duty of delivery. This term can be applied to various modes of pportation.
(12) DDP (Delivered Duty Paid) delivery after tax payment. The named place of destination) means that the seller delivers the goods to the designated place of the importing country, and that is, when the buyer collects the goods, he fulfil the duty of delivery.
(13) EXW (EX WORKS) (...) Named place) - ex works (...) The designated place is the seller's obligation to deliver goods when the goods are supplied to the buyer in his premises (factories, workshops, warehouses, etc.).
Different trading methods have different quotations, including different contents. Generally, FOB and CIF need a little more.
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