INCO Terms 2010 :
INCOTERMS 2010 – FORMAT, USAGE and Details :
All Incoterms consist of 3 alpha characters.
Incoterms are followed with either a ―delivery place/port of loading or "place of destination/port of discharge".
E and F terms will usually be followed with a delivery place / port of loading.
C and D terms will usually be followed with a place of destination / port of discharge.
The named place stated after the Incoterms, is the place up to which the seller pays the freight costs, e.g., "EXW New York".
Do not confuse this with the "Delivery Point", i.e., the point at which the risk transfers from seller to buyer. The risk can transfer at a different point as well! (E.g. C Terms).
Also, "delivery", in the Incoterm sense, has nothing to do with transfer of ownership. Title of the goods always lies with the documents.
The 11 Incoterms :
EXW – Ex Works: means that the seller delivers when he places the goods at the disposal of the buyer at the seller's premises or another named place (I.e. works factory, warehouse, etc.) not cleared for export and not loaded on any collecting vehicle.
FCA – Free Carrier: means that the seller delivers the goods, cleared for export, to the carrier nominated by the buyer at the named place. It should be noted that the chosen place of delivery has an impact on the obligations of loading and unloading the goods at that place. If delivery occurs at the seller's premises, the seller is responsible for loading. If delivery occurs at any other place, the seller is not responsible for unloading. Like FCA Antwerp or FCA Hongkong it is mean the departure port is Antwerp or Hongkong.,
CPT – Carriage Paid To: means that the seller delivers the goods to the carrier nominated by him but the seller must in addition pay the cost of carriage necessary to bring the goods to the named destination.
CIP – Carriage and Insurance Paid to: means that the seller delivers the goods to the carrier nominated by him but the seller must in addition pay the cost of carriage necessary to bring the goods to the named destination and also pay the necessary insurance.
DAT (2) – Delivered At Terminal: means that the seller delivers when the goods, once unloaded from the arriving means of transport, are placed at the disposal of the buyer at a named terminal at the named port or place of destination.
DAP (2) – Delivered At Place: means that the seller delivers when the goods are placed at the disposal of the buyer on the arriving means of transport ready for unloading at the named place of destination.
DDP – Delivered Duty Paid: means that the seller delivers the goods to the buyer, cleared for import, and not unloaded from any arriving means of transport at the named place of destination.
FAS (1) – Free AlongsideShip: means that seller delivers when the goods are placed alongside the vessel at the named port of shipment This means that the buyer has to bear all costs and risks of loss of or damage to the goods from that moment.
FOB (1) – Free On Board: means that the seller delivers when the goods are placed on board the ship at the named port of shipment.
CFR (1) – Cost and Freight: means that the seller delivers when the goods are placed on board the ship in the port of shipment. The seller must in addition pay the cost of carriage necessary to bring the goods to the named destination.
CIF (1) – Cost Insurance and Freight: means that the seller delivers when the goods are placed on board the ship in the port of shipment and also pay the necessary freight and insurance.
(1) Only for use with Port to Port or Inland Waterway transportation. All others for any mode of transport.
(2) New Incoterms. In all cases, the Seller is responsible for assumes the cost of Export Clearance and the Buyer is responsible for Import Clearance and costs except: DDP - Seller does both, and EXW - Buyer does both.
Container Details:
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20' GENERAL PEURPOSE / DRY VAN ( it can be 20'GP or 20'DR ) |
20 |
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Millimetres |
Feet |
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Internal Dimensions |
Length |
5'900 |
19'4'' |
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Width |
2'350 |
7'8'' |
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Height |
2'390 |
7'10'' |
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Door Opening |
Width |
2'340 |
7'8'' |
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Height |
2'280 |
7'6'' |
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Kilograms |
Lbs |
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Weight |
Max. Payload |
21'800 |
48'060 |
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Container-Tare |
2'200 |
4'850 |
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Max. Gross Wt. |
24'000 |
52'910 |
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Cube Metres |
Cube Feet |
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Volume Capacity |
Max. Payload |
33,2 |
7'8'' |
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40' GENERAL PURPOSE / DRY VAN ( it can be 40'GP or 40'DR ) Suitable
for commodities in boxes, cartons, bundles, |
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Millimetres |
Feet |
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Internal Dimensions |
Length |
12'033 |
39'6'' |
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Width |
2'350 |
7'8'' |
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Height |
2'390 |
7'10'' |
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Door Opening |
Width |
2'340 |
7'8'' |
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Height |
2'280 |
7'6'' |
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Kilograms |
Lbs |
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Weight |
Max. Payload |
26'680 |
58'820 |
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Container-Tare |
3'800 |
8'380 |
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Max. Gross Wt. |
30'480 |
67'200 |
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Cube Metres |
Cube Feet |
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Volume Capacity |
Max. Payload |
67,6 |
2'387 |
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Container Specification:
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