Fca and bills of lading according to fca, part b4, 'the buyer must contract or arrange at its own cost for the carriage of the goods'. The main purpose of incoterms is to provide a uniform, constant and authentic interpretation of the commercial terms of delivery of goods, most frequently used in international transactions, and, by means of their application, removing any uncertainty due to divergent interpretations. Who assumes the risks and costs of transport, including transportation costs, loading and unloading of the cargo and insurance. Incoterms 2020 allows for the buyer to use their own means of transport in the fca rules and the seller to use their own means in the d rules.
They are used to define responsibility and liability for goods over the course of a shipment.
An Overview Of Incoterms ® 2020 For 11 Terms, 7 For Any Mode Of Transport.
They are used to define responsibility and liability for goods over the course of a shipment. The incoterms ® rules feature abbreviations for terms, like fob ("free on board"), dap ("delivered at place") exw ("ex works"), cip ("carriage and insurance paid to"), which all have very precise meanings for the sale of goods around the world. How will the cargo be picked up, when and where?
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