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Guidelines to using Incoterms:
Always specify which terms are applicable - i.e. FAS in Incoterms 2000 as apposed to Incoterms 1990
When completing documents, ensure that you are using the correct format of a term. The term C+F has never existed. Urge your trading partners to confirm their acceptance to the specified term in writing. Draw up a check list of your duties and rights under the selected term and check that every intended or completed transaction conforms to this list and that nothing is omitted. Request that your trading partner do the same and exchange this information with them. Change or add nothing but in any event as little as possible to the selected term. In case of any inevitable change or addition, inform your trading partner and request them to accept it in writing. Never instruct carriers or any third party to do or omit anything on the basis of the Incoterms which do not apply to them at all. Delivered Duty Paid
DDP { + the named port of destination } Delivered Duty Paid The seller is responsible for most of the expenses which include the cargo insurance, import Customs clearance, payment of Customs duties and taxes at the buyers end. This also includes delivery of goods to the final point at destination, which is often the project site or buyer premises. If the delivery takes place to a destination not previously nominated then delivery is completed by loading the cargo onto the vehicle sent by the buyer to collect the goods. The seller may opt not to insure the goods at his or her risk. |
