WHAT INCOTERM DO?

INCOTERM USE BASED ON RISK, OBLIGATION AND COST. TRAIN CUSTOMS -ICD

OBLIGATION
WHO DOES WHAT?
1.CARRIAGE
2.INSURANCE
3.SHIPPING DOCUMENTS
4.EXPORT IMPORT FACILITATES

RISK
WHER RISK TRANSFERS
WHER AND WHEN THE SELLER "DELIVERS" THE GOODS TO BUYER.

COST
WHICH PARTY IS RESPONSIBLE FOR WHICH COST
FOR EXAMPLE, TRANSOPRT, PACKAGING, LOADING OR UNLOADING, CHAKING OR SECURITY RELATED COST.
ANY MODE OR MODES OF TRANSPORT SEA OR INLAND WATERWAY TRANSPORT

EXW EX WORKS
FCA FREE CARRIER
FAS FREE ALONGSIDE SHIP
FOB FREE ON BOARD
CPT CARRIAGE PAID TO
CFR COST AND FREIGHT
CIP COST AND INSURANCE PAID TO
CIF COST INSURANCE AND FREIGHT
DAP DELIVERED AT PLACE
DPU DELIVERED AT PLACE UNLOADED
DDP DELIVERED DUTY PAID
EXW AS LIKE SUPER SHOP.
EX WORK
EXPORTER'S RESOPNSIBILITY
1.CHAKING
2.MEASURING
ANY MODE 3.PACKAGING
4.LABELING
FCA 1.EXPORTER'S RESOPNSIBILITY TO CLEAR THE EXPORT.
FREE CARRIER 2.IF NAME PLACE IS EXPORTERS FACTORY THEN EXPORTER HAVE TO LOAD THE GOODS TO
THE VEHICALS.
IF NAME PLACE IS BUYER FACTORY THEN HAVE TO DELEVERED TO BUYER FACTORY.
ANY MODE 2.NAME PLACE OR PORT.
3.FREIGHT CHARGE WILL BEAR IMPORTER.(DON'T NEED TO UNLOAD FROM SALLERS VEHICLES)
4.ON BUYER REQUEST SALLER MAY HAIR MAIN VEHICLES. (RISK WILL BEAR BUYER)

CHANGE 2020 FCA IN ARTICLE A6/B6 NOW PROVIDES FOR THE PARTIES TO AGREE THAT THE
BUYER WILL INSTRUCT THE CARRIER TO ISSUE AN ON-BOARD BILL OF LADING TO THE SALLER
ONCE THE GOODS HAVE BEEN LOODED ON BOARD, AND FOR THE SALLER THEN TO TENDER THE
DOCUMENT TO THE BUYER (OFTEN THROUGH THE BANKS.)
FAS SAME AS FREE CARRIER
FREE ALONGSIDE 1.EXPORTER'S RESOPNSIBILITY TO CLEAR THE EXPORT.
SHIP 2.EXPORTER'S RESOPNSIBILITY TO DELEVER THE GOODS ARE PLASED ALONGSIDE THE VASEL.
NOMINATED BY BUYER AT THE NAME PORT.
3.FREIGHT CHARGE WILL BEAR IMPORTER.
WATERWAY 4.THE RISK OF LOSS OF OR DAMAGE TO THE GOODS PASSES WHEN THE GOODS ARE ALONG SIDE
THE SHIP.
USED FOR SPECIAL 5.ON BUYER REQUEST SALLER MAY HAIR MAIN VEHICLES. (RISK WILL BEAR BUYER)
GOODS THAT HAVE
PARTICULAR
LOADING
REQUIREMENTS

NOTE:
QUAY=AS LIKE JATY
BARGE=FEEDAR VASEL
FOB 1.EXPORTER'S RESOPNSIBILITY TO DELIVERS THE GOODS ON BOARD THE VASEL NOMINATED BY
FREE ON BOARD BUYER.
2.RISKS PASSES WHEN THE GOODS ARE ON BOARD THE VASEL.
3.FREIGHT CHARGE WILL BEAR IMPORTER.
WATERWAY 4.ON BUYER REQUEST SALLER MAY HAIR MAIN VEHICLES. (RISK WILL BEAR BUYER)
CPT 1.EXPORTER'S RESOPNSIBILITY TO HAIR MAIN VEHICLES AND ALSO CHARGE WILL BEAR.
CARRIAGE PAID TO 2.FREIGHT CHARGE WILL BEAR SUPPLIER.

ANY MODE

NOTE:
ON BANGLADESH
BANK REQUEST,
IN PI UNIT PRICE AND
FREIGHT CHARGE
HAVE TO MANTION
SEPARATELY.
BECOSE, FOB REPORT
ON IMP AND FREIGHT
ON C FORM.
CFR SAME AS CARRIAGE PAID TO
COST AND FREIGHT 1.FREIGHT CHARGE WILL BEAR SUPPLIER.

WATERWAY
CIP CAN'T USE IN BANGLADESH
COST AND 1.EXPORTER'S RESOPNSIBILITY TO HAIR MAIN VEHICLES AND ALSO CHARGE WILL BEAR.
INSURANCE 2.SAME AS CPT, CFR. ONLY ADDITIONAL IS INSURANCE WILL BEAR EXPORTER.
PAID TO 3.INSURANCE HAVE TO BUY ICC CLOSE A OR SIMELER.(HIGHER INSURANCE WHICH ALL DAMAGE.)
4.FREIGHT CHARGE WILL BEAR SUPPLIER.

ANY MODE

CHANGE 2020
INSURANCE CARGO
CLAUSES (A)

2010 IT WAS
CLAUSES ©

IMPORT POLICY ORDER 2015-2018, goods can be imported by using other incoterms except
DDP, CIF AND CIP. (IN BD LOW, HAVE TO PURCHAS LOCAL INSURANCE. THAT’S WHY CANT USE)
CIF CAN'T USE IN BANGLADESH
COST INSURANCE 1.SAME AS CIP
AND FREIGHT 2.ONLY DIFFERENCE IS INCURANCE HAVE TO BUY ICC CLAUSES C.
3.FREIGHT CHARGE WILL BEAR SUPPLIER.

WATERWAY

IMPORT POLICY ORDER 2015-2018, goods can be imported by using other incoterms except
DDP, CIF AND CIP. (IN BD LOW, HAVE TO PURCHAS LOCAL INSURANCE. THAT’S WHY CANT USE)
DAP
DELIVERED AT 1.IMPORTER'S RESPONSIBILITY IS CLEAR THE IMPORT CUSTOM AND UNLOAD THE CARGO.
PLACE 2.FREIGHT CHARGE WILL BEAR SUPPLIER.

ANY MODE
DPU 1.IMPORTER'S RESPONSIBILITY IS CLEAR THE IMPORT CUSTOM.
DELIVERED AT 2.FREIGHT CHARGE WILL BEAR SUPPLIER.
PLACE UNLOADED ONLY INCOTERMS THAT REQUIRES TO EXPORTERS TO UNLOAD THE GOODS AT DESTINATION.

ANY MODE

IN 2010 CALLED
DAT-Delivery At
Terminal.
DDP CAN'T USE IN BANGLADESH
DELIVERED DUTY 1.IMPORTER'S RESPONSIBILITY ONLY TO UNLOAD THE GOODS.
PAID 2.FREIGHT CHARGE WILL BEAR SUPPLIER.

ANY MODE

IMPORT POLICY ORDER 2015-2018, goods can be imported by using other incoterms except
DDP, CIF AND CIP. (IN BD LOW, HAVE TO PURCHAS LOCAL INSURANCE. THAT’S WHY CANT USE)