What Incoterms do you offer?

Question: What Incoterms do you offer?
Answer: We offer the following Incoterms for shipping:

EXW (Ex Works) Incoterms:
The seller is only required to deliver goods at a predetermined location, and the buyer bears responsibility for shipping costs. Along with these costs, the buyer assumes responsibility for the related risks of the goods, including customs regulations, loading, and transferring to other ships. This is applicable to both air and sea freight.

FOB (Free On Board):
The seller is responsible for the goods until they are delivered to the port, and the buyer is responsible for freight charges. If the terms include “FOB destination, freight prepaid,” the seller is responsible for goods until delivered, provided there are no insurance claims. In this scenario, the seller is responsible for the freight charges. This is applicable to both air and sea freight.

CNF (Cost and Freight):
The seller organizes the loading and transporting of goods all the way to the destination port. The seller is responsible for the transportation cost of freight to the final port. The risk of the goods being damaged or lost transfers from the seller to the buyer once the products are loaded onto the vessel. During transit and unloading of the goods, the buyer assumes the risk and must organize adequate insurance. This is applicable to both air and sea freight.

CIF (Cost, Insurance, and Freight) Incoterms:
The seller is responsible for paying the costs and freight shipping necessary to bring the goods to the destination port, in addition to buying insurance against the risk of loss or damage of the goods. This is applicable to both air and sea freight.

DDP (Delivered Duty Paid) Incoterms:
The seller is responsible for handling the risks and costs of the shipment, including import duty, freight, and any other charges related to delivery. This is applicable to any mode of transportation (air freight, road, sea freight).

LDP (Landed Duty Paid):
The seller is responsible for delivering the goods to the buyer’s premises, including paying for all transportation costs and import duties. This term ensures that the buyer receives the goods ready for sale, without any additional customs clearance or duty payment. This is applicable to any mode of transportation.

DAP (Delivered At Place):
The seller delivers the goods to the buyer at a specified destination, bearing all risks and costs associated with bringing the goods to that point, excluding import duties and taxes. The buyer is responsible for unloading the goods and clearing them through customs. This is applicable to any mode of transportation.

DDU (Delivered Duty Unpaid):
The seller is responsible for delivering the goods to the named destination, but the buyer is responsible for import duties and any other customs-related charges. This term places the onus on the buyer to clear the goods through customs. This is applicable to any mode of transportation.

These terms clearly define the responsibilities of both the buyer and seller regarding shipping, handling, and delivering goods. Understanding these Incoterms can help ensure smooth international trade transactions and clear communication between parties.

For further inquiries or to discuss which Incoterm is best suited for your needs,

please feel free to contact us.