{"id":418,"date":"2023-08-18T12:39:20","date_gmt":"2023-08-18T11:39:20","guid":{"rendered":"https:\/\/slgl.ae\/?page_id=418"},"modified":"2023-08-18T12:45:28","modified_gmt":"2023-08-18T11:45:28","slug":"incoterms","status":"publish","type":"page","link":"https:\/\/slgl.ae\/index.php\/incoterms\/","title":{"rendered":"Incoterms"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"418\" class=\"elementor elementor-418\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4f5337c elementor-section-full_width elementor-section-height-default elementor-section-height-default tf-sticky-section tf-sticky-no\" data-id=\"4f5337c\" data-element_type=\"section\" data-settings=\"{&quot;tf_sticky&quot;:&quot;no&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d337c19\" data-id=\"d337c19\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-ee2c5ae elementor-section-boxed elementor-section-height-default elementor-section-height-default tf-sticky-section tf-sticky-no\" data-id=\"ee2c5ae\" data-element_type=\"section\" data-settings=\"{&quot;tf_sticky&quot;:&quot;no&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-c2e577f\" data-id=\"c2e577f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5d5056e elementor-widget elementor-widget-heading\" data-id=\"5d5056e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.15.0 - 09-08-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\">Incoterms<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-71974fd\" data-id=\"71974fd\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-335d7a3 elementor-widget elementor-widget-text-editor\" data-id=\"335d7a3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.15.0 - 09-08-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><a href=\"https:\/\/slgl.ae\/index.php\/contact-us\/\">Home <\/a>\/ Contact us<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d4f5679 elementor-section-boxed elementor-section-height-default elementor-section-height-default tf-sticky-section tf-sticky-no\" data-id=\"d4f5679\" data-element_type=\"section\" data-settings=\"{&quot;tf_sticky&quot;:&quot;no&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8e27e40\" data-id=\"8e27e40\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f121369 elementor-widget elementor-widget-text-editor\" data-id=\"f121369\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong data-chext-position=\"\" data-chext-overflow=\"\">EXW: EX-WORKS<\/strong><\/p><p data-chext-position=\"\" data-chext-overflow=\"\">The seller, or exporter, makes the goods available to the buyer, or importer at the seller\u2019s premises. The buyer is responsible for all transportation costs, duties, and insurance, and accepts risk of loss of goods immediately after the goods are purchased and placed outside the factory door.<\/p><p data-chext-position=\"\" data-chext-overflow=\"\">The Ex-Works price does not include loading goods onto a truck or vessel, and no allowance is made for clearing customs.<\/p><p data-chext-position=\"\" data-chext-overflow=\"\">If FOB is the customs valuation basis of the goods in the country of destination, the transportation and insurance costs from the seller\u2019s premises to the port of export must be added to the Ex-Works price.<\/p><p data-chext-position=\"\" data-chext-overflow=\"\">Under EXW, sellers minimize their risk by making the goods available at their factory or place of business.<\/p><p><strong data-chext-position=\"\" data-chext-overflow=\"\">FAS: FREE ALONGSIDE SHIP<\/strong><\/p><p data-chext-position=\"\" data-chext-overflow=\"\">Sellers transport the goods from their place of business, clear the goods for export, and place them alongside the vessel at the port of export, where the risk of loss shifts to the buyer. The buyer is responsible for loading the goods onto the vessel, unless specified otherwise, and for paying all costs involved in shipping goods to the final destination.<\/p><p><strong data-chext-position=\"\" data-chext-overflow=\"\">FCA: FREE CARRIER<\/strong><\/p><p data-chext-position=\"\" data-chext-overflow=\"\">The seller, or exporter, clears the goods for export and delivers them to the carrier and place specified by the buyer.<\/p><p data-chext-position=\"\" data-chext-overflow=\"\">If the place chosen is the seller\u2019s place of business, the seller must load the goods onto the transport vehicle; otherwise, the buyer is responsible for loading the goods. The buyer assumes risk of loss from that point forward and must pay for all costs associated with transporting the goods to the final destination.<\/p><p><strong data-chext-position=\"\" data-chext-overflow=\"\">FOB: FREE ON BOARD<\/strong><\/p><p data-chext-position=\"\" data-chext-overflow=\"\">The seller, or exporter, is responsible for delivering the goods from its place of business and loading them onto the vessel at the port of export, as well as clearing customs in the country of export.<\/p><p data-chext-position=\"\" data-chext-overflow=\"\">As soon as the goods cross the \u201cships-rails\u201d (the ship\u2019s threshold) the risk of loss transfers to the buyer, or importer. The buyer must pay for all transportation and insurance costs from that point, and must clear customs in the country of import.<\/p><p data-chext-position=\"\" data-chext-overflow=\"\">An FOB transaction will read \u201cFOB, port of export.\u201d For example, assuming the port of export is Boston, an FOB transaction would read \u201cFOB Boston.\u201d If CIF is the customs valuation basis, international freight and insurance must be added to the FOB value.<\/p><p><strong data-chext-position=\"\" data-chext-overflow=\"\">CFR: COST AND FREIGHT<\/strong><\/p><p data-chext-position=\"\" data-chext-overflow=\"\">The seller, or exporter, is responsible for clearing the goods for export, delivering the goods past the ships rail at the port of shipment, and paying international freight charges. The buyer assumes risk of loss once the goods cross the ship\u2019s rail, and must purchase insurance, unload the goods, clear customs, and pay for transport to deliver the goods to their final destination.<\/p><p data-chext-position=\"\" data-chext-overflow=\"\">If FOB is the customs valuation basis, the international freight costs must be deducted from the CFR price.<\/p><p><strong data-chext-position=\"\" data-chext-overflow=\"\">CIF: COST, INSURANCE AND FREIGHT<\/strong><\/p><p data-chext-position=\"\" data-chext-overflow=\"\">The seller, or exporter, is responsible for delivering the goods onto the vessel of transport and clearing customs in the country of export. The exporter also is responsible for purchasing insurance, with the buyer (importer) named as the beneficiary.<\/p><p data-chext-position=\"\" data-chext-overflow=\"\">Risk of loss transfers to buyer as the goods cross the ship\u2019s rail. If these goods are damaged or stolen during international transport, the buyer owns the goods and must file a claim based on insurance procured by the seller. The buyer must clear customs in the country of import and pay for all other transport and insurance in the country of import.<\/p><p data-chext-position=\"\" data-chext-overflow=\"\">CIF can be used as an Incoterm only when the international transport of goods is at least partially by water. If FOB is the customs valuation basis, the international insurance and freight costs must be deducted from the CIF price. A CIF transaction will read CIF, port of destination.<\/p><p data-chext-position=\"\" data-chext-overflow=\"\">For example, assuming that goods are exported to the Port of Los Angeles, a CIF transaction would read \u201cCIF Los Angeles.\u201d<\/p><p><strong data-chext-position=\"\" data-chext-overflow=\"\">CPT: CARRIAGE PAID TO<\/strong><\/p><p data-chext-position=\"\" data-chext-overflow=\"\">The seller, or exporter, clears the goods for export, delivers them to the carrier, and is responsible for carriage costs to the named place of destination. Risk of loss transfers to the buyer once the goods are transferred to the carrier and the buyer must insure the goods from that time on.<\/p><p data-chext-position=\"\" data-chext-overflow=\"\">If FOB is the customs valuation basis, the international freight cost must be deducted from the CPT price.<\/p><p><strong data-chext-position=\"\" data-chext-overflow=\"\">CIP: CARRIAGE AND INSURANCE PAID TO<\/strong><\/p><p data-chext-position=\"\" data-chext-overflow=\"\">The seller transports the goods to the port of export, clears customs, and delivers them to the carrier. From that point, risk of loss shifts to the buyer. The seller is responsible for carriage and insurance costs to the named place of destination. The buyer is responsible for all costs, and bears risk of loss from that point forward.<\/p><p data-chext-position=\"\" data-chext-overflow=\"\">If FOB is the customs valuation basis, international freight and insurance costs need to be deducted from the CIP price.<\/p><p><strong data-chext-position=\"\" data-chext-overflow=\"\">DAF: DELIVERED AT FRONTIER<\/strong><\/p><p data-chext-position=\"\" data-chext-overflow=\"\">The seller, or exporter, is responsible for all costs involved in delivering the goods to the named point and place at the frontier (the border between the two countries). Risk of loss transfers at the frontier. The buyer must pay the costs and bear the risk of unloading the goods, clearing customs, and transporting the goods to the final destination.<\/p><p data-chext-position=\"\" data-chext-overflow=\"\">If FOB is the customs valuation basis, the international insurance and freight costs must be deducted from the DAF price.<\/p><p><strong data-chext-position=\"\" data-chext-overflow=\"\">DES: DELIVERED EX-SHIP<\/strong><\/p><p data-chext-position=\"\" data-chext-overflow=\"\">The seller, or exporter, is responsible for all costs involved in delivering the goods to a named port of destination. Upon arrival, the goods are made available to the buyer, or importer, on board the vessel. The seller is responsible for all costs and risk of loss prior to unloading at the port of destination.<\/p><p data-chext-position=\"\" data-chext-overflow=\"\">The buyer, or importer, must have the goods unloaded, pay duties, clear customs and provide inland transportation and insurance to the final destination.<\/p><p><strong data-chext-position=\"\" data-chext-overflow=\"\">DEQ: DELIVERED EX-QUAY<\/strong><\/p><p data-chext-position=\"\" data-chext-overflow=\"\">The seller, or exporter, is responsible for all costs involved in transporting the goods to the wharf (quay) at the port of destination. The buyer must pay duties, clear customs, and pay the cost and bear the risk of loss from that point forward.<\/p><p data-chext-position=\"\" data-chext-overflow=\"\">If FOB is the customs valuation basis, the international insurance and freight costs, in addition to unloading costs, must be deducted from the DEQ price.<\/p><p><strong data-chext-position=\"\" data-chext-overflow=\"\">DDU: DELIVERED DUTY UNPAID<\/strong><\/p><p data-chext-position=\"\" data-chext-overflow=\"\">The seller, or exporter, is responsible for all costs involved in delivering the goods to a named place of destination where the goods are placed at the disposal of the buyer. The buyer, or importer, assumes risk of loss at that point and must clear customs, pay duties, and provide inland transportation and insurance to the final destination.<\/p><p><strong data-chext-position=\"\" data-chext-overflow=\"\">DDP: DELIVERED DUTY PAID<\/strong><\/p><p data-chext-position=\"\" data-chext-overflow=\"\">The seller, or exporter, is responsible for all costs involved in delivering the goods to a named place of destination and for clearing customs in the country of import.<\/p><p data-chext-position=\"\" data-chext-overflow=\"\">Under a DDP Incoterm, the seller provides literally door-to-door delivery, including customs clearance in the port of export and the port of destination. Thus the seller bears the entire risk of loss until goods are delivered to the buyer\u2019s premises.<\/p><p data-chext-position=\"\" data-chext-overflow=\"\">A DDP transaction will read \u201cDDP named place of destination.\u201d For example, assuming goods imported through Baltimore are delivered to Silver Spring, the Incoterm would read \u201cDDP, Silver Spring.\u201d<\/p><p data-chext-position=\"\" data-chext-overflow=\"\">If CIF is the customs valuation basis, the costs of unloading the vessel, clearing customs, and delivery to the buyer\u2019s premises in the country of destination\u2014including inland insurance\u2014must be deducted to arrive at the CIF value.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Incoterms Home \/ Contact us EXW: EX-WORKS The seller, or exporter, makes the goods available to the buyer, or importer at the seller\u2019s premises. The buyer is responsible for all transportation costs, duties, and insurance, and accepts risk of loss of goods immediately after the goods are purchased and placed outside the factory door. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"footnotes":""},"_links":{"self":[{"href":"https:\/\/slgl.ae\/index.php\/wp-json\/wp\/v2\/pages\/418"}],"collection":[{"href":"https:\/\/slgl.ae\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/slgl.ae\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/slgl.ae\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/slgl.ae\/index.php\/wp-json\/wp\/v2\/comments?post=418"}],"version-history":[{"count":4,"href":"https:\/\/slgl.ae\/index.php\/wp-json\/wp\/v2\/pages\/418\/revisions"}],"predecessor-version":[{"id":438,"href":"https:\/\/slgl.ae\/index.php\/wp-json\/wp\/v2\/pages\/418\/revisions\/438"}],"wp:attachment":[{"href":"https:\/\/slgl.ae\/index.php\/wp-json\/wp\/v2\/media?parent=418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}