13 terms of International Trade

(1) factory delivery (EXW) the term English is "ex works (... named place)", that is, "factory delivery (... designated location )". It means that the seller is responsible for delivering the prepared goods to the buyer in the workshop, factory, and warehouse where the seller is located, however, it is generally not responsible for loading the goods on the vehicle prepared by the buyer or for goods clearance. The buyer shall bear all costs and risks of transporting the goods to the expected destination from the seller's location.

(2) goods delivery carrier (FCA) the term "Free Carrier (... named place) ", that is," the goods are delivered to the carrier (...... specified location )". It means that the seller shall be responsible for delivering the goods handed over to the buyer at the designated place after the customs clearance is handled. According to business practices, when the seller is required to cooperate with the carrier by signing a contract, the seller may handle the matter in the event that the buyer bears the risks and costs. This term applies to any means of transportation.

(3) delivery by ship (FAS) the term "Free Alongside ship (... named port of shipment) "that is," delivery by boat (...... specify the loading port )". It means that the seller delivers the goods to the side of the ship at the designated loading port pier or barge. From then on, the buyer shall bear all costs and risks of loss or damage to the goods, and the buyer shall go through Exit clearance procedures. This term applies to marine or inland water transportation.

(4) On-board delivery (FOB) the term "free on boaro (... named port of shipment) ", that is," ship delivery (...... specify the loading port )". It means that the seller delivers the goods to the ship after delivery at the designated port of shipment. after delivery, the buyer shall bear the full cost, risk, loss or damage of the goods, in addition, the seller is required to complete the exit formalities for the goods. This term applies to marine or inland water transportation.

(5) cost plus freight (CFR or C & F) the term "cost and freight (named port of shipment )", that is, "cost plus freight (...... specified destination port )". It means that the seller must pay the expenses and freight required to ship the goods to the designated destination port, but after the goods are delivered to the ship's deck, risks, loss or damage of goods and additional expenses resulting from accidents shall be transferred from the seller to the buyer after the goods have crossed the ship port of the designated port. in addition, the seller is required to complete the exit formalities for the goods. This term applies to marine or inland water transportation.

(6) cost, insurance, and freight (CIF) the term "cost, insurance and freight (... named port of shipment) ", that is," cost, insurance plus freight (...... specified destination port )". It means that the seller has the same obligations as the term "cost plus freight, the seller shall also handle the marine insurance for loss or damage of goods purchased by the buyer during transportation and pay the insurance premiums. This term applies to marine or inland water transportation.

(7) freight to (CPT) the term "carriage paid to): TID (... named place of destination) ", that is," the freight is paid (...... specifies the destination )". This term refers to the seller's payment for the freight from the seller to the specified destination. The risk of loss or damage of goods and any additional charges arising from the event after the goods are delivered to the carrier shall be borne by the seller from the time when the goods are delivered to the carrier for care. In addition, the Seller shall complete the exit formalities for the goods. This term applies to a variety of transport modes, including multimodal transport.

(8) Delivery of freight and insurance (CIP) the term "carriage and insurance paid (... named place of destination) ", that is," the freight and insurance fee is paid (...... specifies the destination )". It means that the seller has a balance with the "freight paid (...... the seller shall also take marine insurance and pay the insurance premiums for the loss or damage of goods to be borne by the buyer during transportation. This term applies to any means of transportation.

(9) border delivery (DAF) the term "delivered at frontier (... named place) ", that is," border delivery (...... specified location )". It means that the seller undertakes the following obligations to transport the prepared goods to a designated place on the border, handle the exit customs clearance procedures, and deliver the goods before the customs clearance of the neighboring countries, this term is mainly applicable to goods transported by rail or road or other means of transportation.

(10) destination port on-ship delivery (DES) the term "Delivered ex ship (... named port of destination) ", that is," delivery on the destination port (...... specified destination port )". It refers to the seller's fulfillment of the following obligations to deliver the goods to the buyer without completing the goods import clearance procedures on the ship deck of the designated destination port, therefore, the Seller shall bear all costs and risks including the shipment to the designated destination port. This term applies only to marine or inland water transportation.

(11) Destination Port delivery (DEQ) the term "Delivered ex quay (Duty Paid )(... named port of destination) ", that is," Destination Port delivery (tariff paid )(...... specified destination port )". This term refers to the seller's fulfillment of the following obligations to deliver the goods prepared by the seller to the buyer upon completion of the import clearance at the pier of the designated destination port, and the seller shall bear all risks and costs, including taxes, taxes, and other expenses incurred during delivery. This term applies to marine or inland water transportation.

(12) The term "Delivered Duty Unpaid (... named place of destination) ", that is," unpaid delivery (...... specifies the destination )". It means that the seller delivers the prepared goods at the place designated by the importing country, in addition, all expenses and risks (excluding duties, taxes, and other official fees to be paid when the goods are delivered to the designated place) shall be borne, and the Customs formalities and risks shall be borne. The buyer shall bear the additional costs and risks arising from the failure to promptly handle the goods import clearance. This term applies to various means of transportation.

(13) Post-duty delivery (DDP) the term "delivered duty paid (... named place ofdestination) ", that is," post-tax delivery (...... specifies the destination )". It means that the seller delivers the prepared goods at the designated place of the import country, and undertakes all expenses and risks for transporting the goods to the designated place, and handles the import clearance. This term can be applied to various means of transportation.