Professional Documents
Culture Documents
Computation Day 1
Computation Day 1
INCOTERMS 2020
7. DDP
2. Export Clearance:
- prepared by the buyer.
BY INTERNATONAL CHAMBER OF COMMERCE (ICC)
CB Kirk Buduan
1
4/27/2022
(CPT) Carriage Paid To named place of destination (D) (DAP) Delivered at Place named place of destination (D) (DDP) Delivered Duty Paid named place of destination (D)
(CIP) Carriage and Insurance Paid To named place of destination (D) (DPU) Delivered at Place Unloaded named place of destination (D)
1. Delivery and Risk: 1. Delivery and Risk: SEA AND INLAND WATERWAY ONLY
Carriage Paid To means the seller delivers the goods – and - Delivered at Place Unloaded means that the seller delivers
transfers the risk to the buyer the goods- and transfers risk– to the buyer. •FAS (FREE ALONGSIDE SHIP)
- By handing them over to the carrier - When the goods,
- (contracted by seller) - Once unloaded from the arriving means of transport •FOB (FREE ON BOARD)
- The seller may do so by giving the carrier physical possession
of the goods in the manner and at the place appropriate to the
-
-
Are placed at the disposal of the buyer
At the named place of destination or
•CFR (COST AND FREIGHT)
means of transport used. - At the agreed point within that place, if any such point is agreed. •CIF (COST, INSURANCE AND FREIGHT)
2. Export Clearance: - Seller bears all the risks involved in bringing the goods and unloading them at the named
- prepared by seller. place of destination.
3. insurance:
- seller should insure the goods from point of delivery to at 2. Export Clearance 3. Import Clearance
least the point of destination. - prepared by seller. - prepared by buyer
2
4/27/2022
(CIF) Cost, Insurance and Freight named port of destination (D) POST IMPORTATION COSTS (PERMISSIBLE
(FOB) Free on Board named place of delivery (O)
1. Delivery and Risk: DEDUCTIONS) INCLUDED FOR THE
1. Delivery and Risk:
- Free On Board means that the seller delivers the goods to the buyer.
- Cost, Insurance and Freight means that the seller delivers FOLLOWING TERMS:
the goods to the buyer.
- On board the vessel
- On board the vessel
- Nominated by the buyer
- The risk of loss of or damage to the goods transfers DAP
- At the named port of shipment
when the goods are on board the vessel, such that the Unloading from carrier
- The risk of loss of or damage to the goods transfers when the goods are on
seller is taken to have performed its obligation to deliver
board the vessel, and the buyer bears all costs from that moment onwards. Delivery to buyer’s place
the goods whether or not the goods actually arrive at
their destination in sound condition, in the stated
2. Export Clearance: DPU
quantity or, indeed, at all.
- prepared by seller.
Unloading from carrier
2. Export Clearance: Delivery to buyer’s place
- prepared by seller. Unloading from delivery truck
3
4/27/2022
DDP
Unloading from carrier
Terminal charges
Duties and taxes
Customs clearing charge
Delivery to buyer’s place