In China, the Organization of Maritime Transport is very picky. In general, the four common incoterms when shipping from China are: EXW; FOB; CFR and CIF. To determine a price and the responsibilities of every part involved in an international shipment, it is essential to understand what an incoterm is. Let’s see how responsibilities vary according to each incoterm by checking the below chart:
INCOTERMS® 2010 RULES CHART OF RESPONSIBILITY |
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Any Transport Mode | Sea/Inland Waterway Transport | Any Transport Mde | |||||||||
EXW | FCA | FAS | FOB | CFR | CIF | CPT | CIP | DAT | DAP | DDP | |
Charges/Fees | EX Works | Free Carrier | Free Alongside Ship | Free on Board | Cost & Freight | Cost Insurance & Freight | Carriage Paid To | Carriage Paid To | Delivered erminal | Delivered At Place | Delivered Duty Paid |
Packaging | Buyer or Seller | Seller | Seller | Seller | Seller | Seller | Seller | Seller | Seller | Seller | Seller |
Loading Charges | Buyer | Seller | Seller | Seller | Seller | Seller | Seller | Seller | Seller | Seller | Seller |
Delivery to Port/ Place | Buyer | Seller | Seller | Seller | Seller | Seller | Seller | Seller | Seller | Seller | Seller |
Export Duty & Taxes | Buyer | Seller | Seller | Seller | Seller | Seller | Seller | Seller | Seller | Seller | Seller |
Origin Terminal Charges | Buyer | Buyer | Seller | Seller | Seller | Seller | Seller | Seller | Seller | Seller | Seller |
Loading On Charges | Buyer | Buyer | Buyer | Seller | Seller | Seller | Seller | Seller | Seller | Seller | Seller |
Carriage Charges | Buyer | Buyer | Buyer | Buyer | Seller | Seller | Seller | Seller | Seller | Seller | Seller |
Insurance | ** | ** | ** | ** | ** | Seller | ** | Seller | ** | ** | ** |
Destination Terminal Charges | Buyer | Buyer | Buyer | Buyer | Buyer | Buyer | Seller | Seller | Seller | Seller | Seller |
Delivery to Destination | Buyer | Buyer | Buyer | Buyer | Buyer | Buyer | Buyer | Buyer | Buyer | Seller | Seller |
Import Duty & Taxes | Buyer | Buyer | Buyer | Buyer | Buyer | Buyer | Buyer | Buyer | Buyer | Buyer | Seller |
info@myfreightsolution.com | FREIGHT SOLUTION LIMITED No. 1002 Shennan East Road, Huang Bei Str, Luohu District, Shenzhen. Tel.:+86-13169914310 http://www.myfreightsolution.com |
*Seller is responsible for loading charges, if the terms state FCA at seller's facility. negotiable between Buyer and Seller | |||||||||
***THIS CHART IS FOR INFORMAITONAL PURPOSES ONLY. FREIGHT SOLUTION LIMITED IS NOT LIABLE FOR THESE CONTENTS, REFER TO THE FULL VERSION OF INCOTERMS ®2010 FOR FULL DESCRIPTION |