Options international trading cc
Also of note is that the point at which risk passes under these terms has shifted from previous editions of Incoterms, where the risk passed at the options international trading cc rail. It is therefore of utmost importance that these matters are discussed with the buyer before the contract is agreed. On the other hand, the buyer pays cost of marine freight transportation, bill of lading fees, insurance, unloading and transportation cost from the arrival port to destination.
However, in common practice the buyer arranges the collection of the freight from the designated location, and is responsible for clearing the goods through Customs. This term can be used options international trading cc the goods are transported by rail and road. It may well options international trading cc that another Incoterm, such as FCA seller's premisesmay be more suitable, since this puts the onus for declaring the goods for export onto the seller, which provides for more control over the export process.
Risk transfers to buyer when the goods have been loaded on board the ship in the country of Export. While these terms do not feature in the current version of Incoterms it is possible that they may be seen in sales order contracts. The seller's obligation ends when the documents are options international trading cc over to the buyer.
Also of note is that the point at which risk passes under these terms has shifted from previous editions of Incoterms, where the risk passed at the ship's rail. Options international trading cc term places the maximum obligations on the seller and minimum obligations on the buyer. A transaction in international trade where the seller is responsible for making a safe delivery of goods to a named destination, paying all transportation options international trading cc customs clearance expenses but not the duty.