INCOTERMS

The seller / exporter makes the merchandise available to the buyer in their own stores, only deals with the packaging of the same.

The buyer / importer , therefore, is the one who assumes all the expenses and responsibilities since the merchandise crosses the warehouse, before loading it. Insurance is not mandatory, but if contracted, the buyer would assume it, since it is who assumes the risk.

This incoterm should not be used if the seller delivers the merchandise in any place other than its facilities.

The seller delivers the merchandise at an agreed point and assumes costs and risks until the merchandise is delivered at that agreed point, including the costs of the export clearance. Thus, the seller takes care of internal transport and export customs procedures, except if the designated place is the seller's premises (warehouse FCA), in which case the merchandise is delivered at that point loaded on the means of transport arranged by the buyer assuming the cost the buyer.

The buyer assumes the expenses from loading on board to unloading, including insurance if contracted for being who assumes the risk when the goods are loaded in the first means of transport.

The novelty of the FCA regarding the incoterms of 2010 is that when it comes to maritime transport, the buyer can tell his carrier to issue a B / L (Bill of Landing / Bill of Lading), to the seller with the specification “ on board ”(on board), as proof of delivery of the merchandise to facilitate the operation of the documentary credits and that the credit is paid to the seller as a guarantee of the Bank but which is not part of the transport contract).

The seller delivers the goods at the loading dock of the port of origin and assumes the expenses until delivery, as well as customs export procedures.

The buyer manages cargo on board, stowage, freight and other expenses until delivery at destination, including import clearance and insurance if contracted as it is not mandatory. Adenás assumes the risks once the merchandise is in the loading dock before loading on the ship.

This incoterm is only valid for maritime transport and is generally used for special goods that have particular cargo needs, not usual for palletized cargo or containers.

The seller assumes the expenses until the goods are loaded on board, at which time it also transmits the risks, as well as the export clearance and expenses at origin. It is also responsible for contracting the transport although this is borne by the buyer.

The buyer is responsible for the costs of freight, unloading, import and delivery procedures at destination, as well as insurance if you would like to hire it. The transmission of risks takes place when the merchandise is on board.

This incoterm is only used for maritime transport and should not be used for containerized goods since the responsibility is transmitted when the merchandise is loaded on board the ship (the merchandise is physically touching the ship's floor), but the containers are not they are loaded as soon as they arrive at the terminal, therefore, if the merchandise suffered any damage while it is in the container it would be very difficult to establish when it happened.

The seller is responsible for all costs until the merchandise arrives at the port of destination, including export clearance, origin expenses, freight and generally unloading costs.

The buyer deals with import and transport procedures to the destination. It also assumes the risk at the moment the merchandise is on board, so although it is not mandatory, it usually takes out insurance.

This incoterm is only used in maritime transport.

The seller assumes, as in CFR, all the expenses until the arrival at the port of destination including export clearance, expenses at origin, freight and generally unloading but also originally must take out insurance even if the risk is transferred to the buyer once the merchandise is loaded on board.

The buyer is the one who assumes the costs of import and transport to destination.

The novelty of this incoterm in the 2020 version refers to the insurance coverage that the seller must contract, pointing out that they must be the same as those provided by Clauses C of the Institute Cargo Clauses, that is, the insurance must cover up to Arrival at port of destination. It is an incoterm that is only used for shipping. It is a widely used incoterm since it determines the customs value.

The seller assumes the expenses until the delivery of the merchandise in the agreed place, that is to say, it is in charge of all the expenses in origin, the export office the main transport and generally, expenses in destination. < / p>  

The buyer assumes import procedures, insurance if hired, as it is not mandatory. The risk passes to the buyer once the merchandise is loaded to the first means of transport contracted by the seller.

This incoterm is valid for any means of transport.

The seller runs the costs until delivery at the place agreed upon at the destination, that is, the expenses at origin, export clearance, freight and, in addition, insurance, which is mandatory.

The importer is responsible for import procedures and delivery to destination and assumes the risk when the goods are loaded in the first means of transport.

The novelty in this incoterm with respect to the incoterms of 2010 resides again in the insurance coverage, in this case, the insurance in addition to mandatory must contain the same coverage as those provided by Clauses A of the Institute Cargo Clause, the merchandise must be insured until delivery to the carrier at destination.

The seller assumes the costs and risks arising from origin, packaging, cargo, export clearance, freight, unloading at destination and delivery at the agreed point.

The buyer assumes the procedures of the import clearance.

This incoterm is newly created and replaces DAT, in fact what it does is expand the delivery options since DAT indicated that the delivery had to be made in the terminal, now with DPU the entry can be made in another agreed place in addition from in the terminal.

The seller assumes all the expenses and risks of the operation except for the import and unloading at destination, that is to say all the expenses in origin, freight and internal transport.

The buyer should only deal with the import clearance and download.

This incoterm is valid for all means of transport, insurance is not mandatory, but if the expenses will be contracted, the seller would assume them.

The seller assumes all expenses and risks from packaging and verification in their warehouses to delivery at the final destination, including expoertación and import, freight and insurance if contracted.

The buyer should only receive the merchandise and generally download it, although the seller can also take care of it.

This incoterm is just the opposite of EXW, the seller assumes all expenses and risks.