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1、International Trade Terms1014030506 孫春杰孫春杰1014030512 周長宏周長宏1014030518 周輝周輝1014030523 邱志先邱志先外語系外語系2010級英語本科四班級英語本科四班2.2.2 Categorization of Termsl13 terms into four categories E-termthe seller only makes the goods available to the buyer at the sellers own premises. F-terms the seller is called upon t
2、o deliver the goods to a carrier appointed by the buyer. C-terms the seller has to contract for carriage, but without assuming the risk of loss or damage to the goods or additional costs due to events occurring after shipment or dispatch. D-terms the seller has to bear all costs and risks needed to
3、bring the goods to the place of destination. 外語系外語系2010級英語本科四班級英語本科四班Incoterms 2000Group E DepartureEXWEx Works (named place)工廠交貨( 指定地點)Group F Main Carriage unpaidFCAFree Carrier (named place)貨交承運人(指定地點)FASFree Alongside Ship (named port of shipment)船邊交貨( 指定裝運港)FOBFree on Board (named port of shipm
4、ent)船上交貨( 指定裝運港)Group C Main Carriage paidCFRCost and Freight (named port of destination)成本加運費( 指定目的港)CIFCost, Insurance and Freight (named port of destination)成本、保險費加運費( 指定目的港)CPTCarriage Paid to (named place of destination)運費付至( 指定目的地)CIPCarriage and Insurance Paid to (named place of destination)運
5、費保險費付至( 指定目的地)外語系外語系2010級英語本科四班級英語本科四班外語系外語系2010級英語本科四班級英語本科四班2.2.3 Brief of IncotermsThe “E” term (EXW)lSellers obligation min. lPlacing the goods at the disposal of the buyer at the agreed place usually his own premiseslIn practice, also including assisting the buyer in loading the goods on the bu
6、yers collecting vehicle without charging a loading fee lFor the buyer to get lower price, but too demanding for him, therefore only applied to buyers having offshore branches 外語系外語系2010級英語本科四班級英語本科四班EXWlDelivery: at sellers premiseslTransfer of risks: goods at the disposal of the buyerlPackaging and
7、 loading: Usu. seller no obligation for export packaging and loading; lExport customs clearanceUsu. buyers responsibility, sometimes buyer do it for buyer, but bear no risks 外語系外語系2010級英語本科四班級英語本科四班The “F” terms (FCA, FAS, FOB) lShipment contractlSeller delivers the goods for carriage as instructed
8、by the buyerlbuyer pays freight and signs carriage contract with carrier and notify sellerlFAS & FOB only for sea or inland waterway transportation modelSellers obligation, cost and risk transfers to buyer after delivery of the goodslSeller exporting license and export customs clearancelBuyer im
9、porting license and import customs clearance外語系外語系2010級英語本科四班級英語本科四班FCA Free Carrier (. Named place)lTransfer of risks goods at the disposal of the (1st) carrierlDelivery pointIf at sellers site, seller responsible for loading If anywhere else, seller responsible for delivering the goods to the poin
10、t required, but not responsible for unloading or reloading外語系外語系2010級英語本科四班級英語本科四班FAS Free Alongside Ship (named port of shipment)lDelivery point: at port of shipmentlTransfer of risk: goods put alongside the vesselIf vessel unable to enter the port due to force majeure, the seller is responsible fo
11、r arranging and paying for the lighters to send the goods alongside the vessel offshore. (seller pays for lighter charges)外語系外語系2010級英語本科四班級英語本科四班 Free on BoardlDelivery point: at port of shipmentlTransfer of risks: goods pass over the ships rail lCost and obligation: the seller is paying for the ne
12、cessary handling of goods until they are loaded onboard the vessel. lStrictly speaking, transfer of risks transfer of obligation and cost外語系外語系2010級英語本科四班級英語本科四班The “C” terms (CFR, CIF, CPT, CIP)lShipment contractslSeller contract for carriage on usual terms at his own expense.lCFR & CIF only fo
13、r sea or inland waterway transportation modelUnder CIF and CIP, seller also takes out insurance and insurance cost.外語系外語系2010級英語本科四班級英語本科四班The “C” terms (CFR, CIF, CPT, CIP)lTwo “critical” points Port (place) of shipment to which the buyer takes over the risksPort (place) of destination to which the
14、 seller is bound to arrange and bear the costs of a contract of carriage Note: Exception of container transport: the container ship has no rail, delivery is fulfilled when the goods are handed over to the container carrier.外語系外語系2010級英語本科四班級英語本科四班Cost and Freight ( named port of destination) lShares
15、 every feature with FOB except for ocean freight chargelFreight at sellers cost Seller pay the normal transport cost for the carriage of the vessel by a usual route and in a customary manner to the agreed placeBuyer take the risk of loss or damage to the goods and additional costs resulting from eve
16、nts occurring after the delivery of the goodslObligation: sellers responsibilityfor booking shipping space and getter goods ready for shipment in due timeto notify to buyer about the delivery of goods (Shipping advice) so as to facilitate buyer to fulfill insurance procedures Note: notification is m
17、ore important under CFR than under FOB and CIF外語系外語系2010級英語本科四班級英語本科四班 Cost, Insurance and Freight ( named port of destination)lOne step forward from CFRlInsurance born by seller Insurance for the buyerlThe seller pays for the insurance, but he does not take the risk of the cargo.Seller responsible
18、for “min. coverage”lIf required by buyer and at buyers expense, additional coverage such as war, strike can be addedlSeller has no responsibility to guarantee the arrival of the goods at the destination.外語系外語系2010級英語本科四班級英語本科四班CPT Carriage Paid to ( named place of destination)lCPT is similar to CFRl
19、Differences:Mode of transportlCPT any mode lCFR Sea or Inland Waterway Delivery point l CPT inland place or port of shipmentl CFR port of shipment Transfer of risksl CPT goods delivered to carrier l CFR goods pass over ships rail外語系外語系2010級英語本科四班級英語本科四班CIP Carriage and Insurance Paid to ( named plac
20、e of destination) lCIP is similar to CIFlDifferences:Mode of transportlCIP any mode lCIF sea or inland waterway Delivery point l CIP Inland place or port of shipment l CIF port of shipment Transfer of risksl CIP goods at the disposal of carrier l CIF goods passing ships railFreight and insurancelCIP
21、 whole journey freight and insurancelCIF voyage freight and insurance外語系外語系2010級英語本科四班級英語本科四班The “D” terms (DAF, DES, DEQ, DDU, DDP)lArrival contracts seller bear all risks and costs in bringing the goods to the agreed place or point of destination at the border or within the country of import.lSell
22、ers responsibility max.lDES & DEQ only for sea or inland waterway transportation modelSeller responsible for both export and import customs clearance under DDP外語系外語系2010級英語本科四班級英語本科四班Trade TermsPlace of DeliveryDivision of RisksEx. clearanceContract of Im. clearanceMode of transportcarriageinsur
23、anceEXWSellers premisesGoods at the disposal of buyerBBBBAny modeFCAInland place or port of shipmentGoods at the disposal of carrierSBBBAny modeFASPort of shipmentGoods placed alongside the vesselSBBBSea or inland waterwayFOBPort of shipmentGoods pass the ships railSBBBSea or inland waterwayCFRPort of sh
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