Import & Export Coffee: Incoterms 2020 – Summary of content and specific instructions for use in Import & Export Coffee

Vietnamese Coffee Exporter
import-export-coffee-incoterms-2020-summary-of-content-and-specific-instructions-for-use-in-import-export-coffee

Import & Export Coffee: Incoterms 2020 – Summary of content and specific instructions for use in Import & Export Coffee: Differences between Incoterms 2020 and Incoterms 2010; summary of the content of the updated terms in Incoterms 2020 and specific usage instructions.

Main Contents

What are Incoterms 2020?

Incoterms 2020 is a set of international commercial terms/conditions published for the eighth time by the International Chamber of Commerce ( ICC for short ), effective January 1, 2020. Incoterms 2020 stipulates the rules related to prices and the responsibilities of the parties (the seller and the buyer) in international commercial activity.

Incoterms were first published by the ICC in 1936 and have been regularly updated over the years 1967, 1976, 1980, 1990, 2000, 2010, and 2020 to reflect changes to the commercial environment. Global. All parties involved in international trade need to understand the changes to Incoterms and how it applies to their trade and supply chains.

Incoterms play an important role in global trade. Incoterms 2010 and Incoterms 2020 may seem complicated, but it is imperative that buyers and sellers clearly understand their own rights and obligations in international commercial transactions. In this article, Phaata outlines the key differences between Incoterms 2020 and Incoterms 2010; It also summarizes the content of the updated terms in Incoterms 2020 and provides specific instructions on how to use them.

Differences between Incoterm 2020 and Incoterm 2010

– Explain more about Incoterms in the introduction.

– DAT condition is replaced by DPU. condition

– Coverage of CIF and CIP conditions is adjusted 

– On-board bill of lading on delivery with FCA. terms

– Incoterms 2020 rearranges the obligations of the parties to make it clearer the content of the delivery obligations and the division of risks

– The obligation on cost-sharing has been moved to section A9/B9.

 

Incoterms 2020 terms/conditions

 

incoterms 2020
Import & Export Coffee: Incoterms 2020 – Summary of content and specific instructions for use in Import & Export Coffee

Incoterms Conditions 2020

Incoterms 2020 has 11 delivery conditions divided into 2 groups as follows:

Group I: Applicable to all modes of transport

Includes 7 conditions:

EXW conditions (Ex Works: Delivery at the factory)

FCA (Free Carrier: Delivered to Carrier) Conditions

Conditions of CPT (Carriage Paid To Carriage Paid To)

CIP (Carriage & Insurance Paid To: Carriage & Insurance Paid To) Conditions

DAP (Delivered At Place) conditions

DPU (Delivery at Place Unloaded: Delivered at Place Unloaded)

DDP (Delivered Duty Paid: Delivered Duty Paid)

Group II: Conditions used exclusively in sea and inland waterway transport

FAS (Free Along with Side Ship: Free Along with Side Ship) terms

FOB terms (Free On Board: Delivery on board)

CFR (Cost and Freight: Cost and Freight) Terms

CIF terms (Cost, Insurance & Freight: Cost, insurance, and freight)

EXW (Ex Works: Delivery at the factory)

 

exw incoterms 2020 ex works
Import & Export Coffee: Incoterms 2020 – Summary of content and specific instructions for use in Import & Export Coffee: EXW incoterms 2020 ex-works

Conditions EXW Incoterms 2020

Express Incoterm EXW on foreign trade contracts:

Expression on foreign trade contracts:  EXW [delivery location] Incoterms 2020

Example:
EXW 124 Ngo Quyen, Tan Loi, Buon Ma Thuot, Vietnam  Incoterms 2020

Coffee Seller’s obligations : 

Delivery:

The seller must deliver the goods by placing the goods at the disposal of the buyer at the named place of delivery, if any, not yet loaded on the arriving means of transport. If there is no agreement on a specific place at the named place of delivery and if there are multiple possible delivery points at the named place of delivery, the seller may choose the one that best suits the purpose of the seller. me. The seller must deliver the goods on the agreed date or within the agreed period.

Risk transfer:

The seller bears all risks of loss of or damage to the goods until they are delivered.

Carriage:

The seller has no obligation to the buyer to conclude a contract of carriage. However, the seller must, at the request of the buyer, at the buyer’s risk and expense, assist the buyer in obtaining documents and information, including security information, which the buyer needs to organize the transportation of goods. Freight.

Insurance:

The seller has no obligation to the buyer to enter into a contract of insurance. However, the seller must provide the buyer, at the buyer’s request and risk and expense, with the information the buyer needs to obtain insurance.

Import/Export Clearance

Where applicable, the seller must assist the buyer, at the buyer’s expense and risk, in obtaining and providing any documents and/or information relating to export/transit customs clearance. / import is required in the country of export/transit/import.

Coffee Importer Obligations:

Receive:

The buyer must receive the goods when the goods have been delivered.

Risk transfer:

The buyer bears all risks of loss of or damage to the goods from the time they are delivered.

Carriage:

The buyer contracts for the carriage of the goods himself or arranges the carriage at his own expense to transport the goods from the time of receipt of the goods.

Insurance:

The buyer has no obligation to the seller to enter into a contract of insurance.

Import/Export Clearance:

Where applicable, the buyer must organize and pay for the required export/transit/import customs clearance in the country of export/transit/import.

 

FCA (Free Carrier: Delivered to Carrier)

 

Import & Export Coffee: Incoterms 2020 – Summary of content and specific instructions for use in Import & Export Coffee: FCA incoterms 2020 free carrier

FCA Incoterms 2020 Conditions

Expressing Incoterm FCA on foreign trade contracts:

The expression on foreign trade contracts:  FCA [Delivery place] Incoterms 2020

Coffee Seller’s obligations:

Delivery:

The seller must deliver the goods to the carrier or another person nominated by the buyer at the named place, if any, at the named place of delivery. The seller must deliver the goods within the specified delivery date or within the specified delivery period or at a time within this period notified by the buyer. 

Risk transfer:

The seller bears all risks of loss of or damage to the goods until they are delivered, except in the cases of loss or damage mentioned.

Carriage:

The seller has no obligation to the buyer to conclude a contract of carriage. However, the seller, at the buyer’s request, at the buyer’s risk and expense, must assist the buyer in obtaining documents and information, including security information, which the buyer needs to organize the carriage. goods.

If required by the buyer or by custom, the seller may contract for carriage on normal terms at the buyer’s risk and expense.

In either case, the seller may completely refuse to contract for carriage and if so, the seller must promptly notify the buyer of that.

Insurance:

The seller has no obligation to the buyer to enter into a contract of insurance. However, the seller must provide the buyer, at the buyer’s request and risk, with the information the buyer needs to obtain insurance.

Import/Export Clearance:

a) Regarding export clearance

Where applicable, the seller must do and pay all costs related to the export customs formalities specified in the exporting country as the export licensesecurity checkgoods inspection; and any other legal requirements.

b) Support for import procedures

If necessary, the seller must assist the buyer at the buyer’s request, risk, and expense, in obtaining the necessary documents/information for customs clearance in transit/import, including security information and cargo inspection, which are required in the country of transit or the country of import.

Coffee Buyer Obligations:

Receive:

The buyer must receive the goods when the goods have been delivered.

Risk transfer:

The buyer bears all risks of loss of or damage to the goods from the time they are delivered.

Carriage:

The buyer contracts for the carriage or arranges the carriage at his own expense for the carriage of the goods from the time of receipt, unless the contract of carriage is concluded by the buyer.

Insurance:

The buyer has no obligation to the seller to enter into a contract of insurance.

Import/Export Clearance:

a) Support for export clearance

If necessary, the buyer must assist the seller when the seller requests, at the seller’s risk and expense, in obtaining documents/information relating to export clearance, including security or Pre-export goods inspection is regulated by the exporting country.

b) Import clearance

If necessary, the buyer must make and pay the costs associated with customs clearance required in the country of transit and the country of import, such as import permits or any permits necessary for transit; security checks for importation and transit; goods inspection ; and any legal requirements.

CPT (Carriage Paid To Carriage Paid To)

 

Import & Export Coffee: Incoterms 2020 – Summary of content and specific instructions for use in Import & Export Coffee: CPT incoterms 2020 carriage paid to

Conditions CPT Incoterms 2020

Expressing Incoterm CPT on foreign trade contracts:

The expression on foreign trade contracts:  CPT [Specified destination] Incoterms 2020

Coffee Seller’s obligations:

Delivery:

The seller must deliver the goods by delivering them to the contracted carrier on the date or within the agreed period.

Risk transfer:

The seller bears all risks of loss of or damage to the goods until they are delivered, except where such loss or damage is mentioned.

Carriage:

The seller must contract for the carriage of the goods from a named point of delivery, if any, at the place of delivery to a point of receipt, if any, at the agreed point of receipt.

The contract of carriage must be made on ordinary terms at the seller’s expense and for carriage by the usual route and in the usual manner.

If the place of destination is not agreed upon or is not determined by custom, the seller may choose the point of delivery and the place at the named place of destination that best suits his purpose.

Insurance:

The seller has no obligation to the buyer to enter into a contract of insurance. However, the seller must provide the buyer, at the buyer’s request and risk, with the information the buyer needs to obtain insurance.

Import/Export Clearance:

a) Regarding export clearance

If necessary, the seller must do and pay all costs related to the export customs clearance specified by the exporting country such as export license; Security check with the goods before exporting; goods inspection before export; and any legal requirements.

b) Support for import procedures

If necessary, the seller must assist the buyer at the buyer’s request, risk, and expense, in obtaining the documents/information necessary for the customs clearance of transit/import, including security information and pre-export inspection, are required in the country of transit or the country of import.

Coffee Buyer Obligations:

Receive:

The buyer must accept the goods when they have been delivered in accordance with A2 and receive them from the carrier at the named place of delivery or at a particular place located at the named place of delivery.

Risk transfer:

The buyer bears all risks of loss of or damage to the goods from the time they are delivered.

If the buyer fails to promptly notify the seller, the buyer shall bear all risks and costs relating to loss of or damage to the goods from the specified date or the end of the period specified for delivery, provided that the goods have been clearly identified as the contract goods.

Carriage:

The buyer has no obligation to the seller for the contract of carriage.

Insurance:

The buyer has no obligation to the seller to enter into a contract of insurance.

Import/Export Clearance:

a) Support for export clearance

If necessary, the buyer must assist the seller when requested by the seller, at the seller’s risk and expense, in obtaining documents/information relating to export clearance, including security or Pre-export inspection is regulated by the exporting country.

b) Import clearance

If necessary, the buyer must make and pay the costs associated with customs clearance required in the country of transit and the country of import, such as import permits or any permits necessary for transit; security checks for importation and transit; check product; and any legal requirements.

CIP (Carriage & Insurance Paid To: Carriage & Insurance Paid To)

 

cip incoterms 2020 carriage and insurance paid to
Import & Export Coffee: Incoterms 2020 – Summary of content and specific instructions for use in Import & Export Coffee: cip incoterms 2020 carriage and insurance paid to

Conditions CIP Incoterms 2020

Expressing Incoterm CIP on foreign trade contracts:

How to express CIP conditions on foreign trade contracts:  CIP [Specified destination] Incoterms 2020

Coffee Seller’s obligations:

Delivery:

The seller must deliver the goods by delivering them to the contracted carrier on the date or within the agreed period.

Risk transfer:

The seller bears all risks of loss of or damage to the goods until they are delivered, except in the cases of loss or damage mentioned above.

Carriage:

The seller must contract for the carriage of the goods from a named point of delivery, if any, at the place of delivery to a point of receipt, if any, at the agreed point of receipt. The contract of carriage must be made on ordinary terms at the seller’s expense and for carriage by the usual route and in the usual manner.

If the place of destination is not agreed upon or is not determined by custom, the seller may choose the point of delivery and the place at the named place of destination that best suits his purpose.

Insurance:

If the two parties do not renegotiate or the normal trading practice provides otherwise, the seller must buy default purchase insurance for the goods at the level of class A insurance or other insurance equivalent to that of class A. 

Insurance must be obtained from an underwriter or a reputable insurance company so that the buyer or any other person with an insurable interest in the goods can claim directly from the insurer.

Upon request by the buyer, the seller shall, subject to the information provided by the buyer at the seller’s request, procure additional insurance, at the buyer’s expense, if possible, such as under insurance. Institute War Clauses and/or Institute Strikes Clauses LMA /IUA or similar.

Minimum insurance must cover the price of goods specified in the contract plus 10% (110%) and in the currency of the contract. The seller must provide the buyer with a deed of insurance or a certificate of insurance or other proof of insurance purchase.

In addition, the seller must provide the buyer, at the buyer’s request and expense (if any), with the information the buyer needs to purchase additional insurance. The insurance must be in force from the place of delivery until at least the named place of destination.

Import/Export Clearance:

a) Regarding export clearance

If necessary, the seller must do and pay all costs related to the export customs clearance prescribed by the exporting country such as: export license; security check with goods before export; goods inspection before export; and any legal requirements.

b) Support for import procedures

If necessary, the seller must assist the buyer at the buyer’s request, risk, and expense, in obtaining the necessary documents/information for customs clearance in transit/import, including security information and cargo inspection, which are required in the country of transit or the country of import.

Coffee Buyer Obligations:

Delivery:

The buyer must take delivery of the goods when they have been delivered and receive them from the carrier at the named place of delivery or at a particular place located at the named place of delivery.

Risk transfer:

The buyer bears all risks of loss of or damage to the goods from the time they are delivered.

If the buyer fails to promptly notify the seller, the buyer will bear all risks and costs associated with loss of or damage to the goods and the buyer bears all risks of loss of or damage to the goods. from the specified date or the last day of the specified period for delivery, provided that the goods have been clearly identified as the contract goods.

Carriage:

The buyer has no obligation to the seller for the contract of carriage.

Insurance:

The buyer has no obligation to the seller to enter into a contract of insurance. However, the buyer must provide the seller, upon request, with any information necessary for the seller to be able to purchase the additional insurance required by the buyer under regulation.

Import/Export Clearance:

a) Support for export clearance

If necessary, the buyer must assist the seller when requested by the seller, at the seller’s risk and expense, in obtaining documents/information relating to export clearance, including security or Pre-export inspection is regulated by the exporting country.

b) Import clearance

If necessary, the buyer must make and pay the costs associated with customs clearance required in the country of transit and the country of import, such as import permits or any permits necessary for transit; security checks for importation and transit; check product; and any legal requirements.

 

DAP (Delivered At Place: Delivered At Place)

 

Import & Export Coffee: Incoterms 2020 – Summary of content and specific instructions for use in Import & Export Coffee: dap incoterms 2020 delivery at the place

DAP Incoterms 2020 Conditions

Expressing Incoterm DAP on foreign trade contracts:

How to express DAP conditions on foreign trade contracts:  DAP [specified destination] Incoterms 2020

Coffee Seller’s obligations:

Delivery:

The seller must deliver the goods by placing the goods at the disposal of the buyer on arriving means of transport ready for unloading at the named place of destination (if any), at the named place of destination on the date or within the specified period of time. determined.

Risk transfer:

The seller bears all risks of loss of or damage to the goods until they are delivered, except in the cases of loss or damage mentioned above.

Carriage:

The seller must contract for the cost of carriage to bring the goods to the named place of destination or to the named place at the named place of destination. If a particular place cannot be agreed upon or cannot be determined according to custom, the seller may choose a particular place at the named place of destination that best suits his purpose.

Insurance:

The seller has no obligation to the buyer to enter into a contract of insurance.

Import/Export Clearance:

a) Regarding export and transit customs clearance

If necessary, the seller must do and pay all costs associated with customs clearance for export and transit (if transiting in a third country) specified in the country of export and the country of transit, as are: export/transit permits; security check with goods when exporting/in transit; goods inspection upon export/transit; and any legal requirements.

b) Support for import procedures

If necessary, the seller must assist the buyer at the buyer’s request, risk, and expense, in obtaining the necessary documents/information for customs clearance upon importation, including any security information and the inspection of goods, which are regulated in the country of importation.

Coffee Buyer Obligations:

Receive:

The buyer must receive the goods when the goods have been delivered.

Risk transfer:

The buyer bears all risks of loss of or damage to the goods from the time they are delivered.

If the buyer is unable to perform his/her obligations in relation to import clearance, the buyer shall bear all risks and costs associated with loss of or damage to the goods, provided that the goods have been clearly distinguishable goods of the contract.

If the buyer fails to promptly notify the seller, then the buyer bears all risks of loss of or damage to the goods from the specified date or the last day of the specified period for delivery, provided that goods that have been clearly distinguished as contract goods.

Carriage:

The buyer has no obligation to the seller for the contract of carriage.

Insurance:

The buyer has no obligation to the seller to enter into a contract of insurance. However, if the seller requests and bears the risk and expense, the buyer needs to provide the necessary information so that the seller can purchase insurance.

Import/Export Clearance:

a) Support for export and transit clearance

If necessary, the buyer must assist the seller when requested by the seller, at the seller’s risk and expense, in obtaining documents/information relating to export/transit clearance, including such information Security or inspection is regulated by the exporting/transit country.

b) Import clearance

If necessary, the buyer must make and pay the costs related to the clearance required in the country of import, such as: import permits; security check for the import; check product; and any legal requirements.

 

DPU (Delivery at Place Unloaded: Delivered at the unloaded place)

 

dpu incoterms 2020 delivery at place unloaded

DPU Incoterms 2020 Conditions

Expression of Incoterm DPU on foreign trade contracts:

 

How to express DPU terms on foreign trade contracts:  DPU [specified destination] Incoterms 2020

Ví dụ:
DPU 12345 Longbeach Blvd, Longbeach, United States Incoterms 2020

Coffee Seller’s obligations:

Delivery:

The seller fulfills his obligation to deliver when the goods are placed at the disposal of the buyer, unloaded from the means of transport at the named place of destination (if any), at the named place of destination on the date or within the specified term.

Risk transfer:

The seller bears all risks of loss of or damage to the goods until they are delivered, except in the cases of loss or damage mentioned above.

Carriage:

The seller must contract for the cost of carriage to bring the goods to the named place of destination or to the named place at the named place of destination. If a particular place cannot be agreed upon or cannot be determined according to custom, the seller may choose a particular place at the named place of destination that best suits his purpose.

Insurance:

The seller has no obligation to the buyer to enter into a contract of insurance.

Import/Export Clearance:

a) Regarding export and transit customs clearance

If necessary, the seller must do and pay all costs associated with customs clearance for export and transit (if transiting in a third country) specified in the country of export and the country of transit, as are: export/transit permits; security check with goods when exporting/in transit; goods inspection upon export/transit; and any legal requirements.

b) Support for import procedures

If necessary, the seller must assist the buyer at the buyer’s request, risk and expense, in obtaining the necessary documents/information for customs clearance upon importation, including any security information and the inspection of goods, are regulated in the country of importation.

Coffee Buyer Obligations:

Receive:

The buyer must receive the goods when the goods have been delivered.

Risk transfer:

The buyer bears all risks of loss of or damage to the goods from the time they are delivered.

If the buyer is unable to perform his/her obligations in relation to import clearance, the buyer shall bear all risks and costs associated with loss of or damage to the goods, provided that the goods have been clearly distinguishable goods of the contract .

If the buyer fails to promptly notify the seller, then the buyer bears all risks of loss of or damage to the goods from the specified date or the last day of the specified period for delivery, provided that goods that have been clearly distinguished as contract goods.

Carriage:

The buyer has no obligation to the seller for the contract of carriage.

Insurance:

The buyer has no obligation to the seller to enter into a contract of insurance. However, if the seller requests and bears the risk and expense, the buyer needs to provide the necessary information so that the seller can purchase insurance.

Import/Export Clearance:

a) Support for export and transit clearance

If necessary, the buyer must assist the seller when requested by the seller, at the seller’s risk and expense, in obtaining documents/information relating to export/transit clearance, including such information Security or inspection is regulated by the exporting/transit country.

b) Import clearance

If necessary, the buyer must make and pay the costs related to the clearance required in the country of import, such as: import permits; security check for the import; check product; and any legal requirements.

DDP (Delivered Duty Paid: Delivered Duty Paid)

 

ddp incoterms 2020 delivery duty paidConditions DDP Incoterms 2020

 

Expressing Incoterm DDP on foreign trade contracts:

 

How to express DDP conditions on foreign trade contracts:  DDP [specified destination] Incoterms 2020

Ex:
DDP 12345 Longbeach Blvd, Longbeach, United States Incoterms 2020

Coffee Seller’s obligations:

 

Delivery:

The seller must deliver the goods by placing the goods cleared for import on board the arriving means of transport ready for unloading at the named place of destination (if any), at the named place of destination on or within the specified period.

Risk transfer:

The seller bears all risks of loss of or damage to the goods until they are delivered, except in the cases of loss or damage mentioned above.

Carriage:

The seller must contract for the cost of carriage to bring the goods to the named place of destination or the named place at the named place of destination.

If a particular place cannot be agreed upon or cannot be determined according to custom, the seller may choose a particular place at the named place of destination that best suits his purpose.

Insurance:

The seller has no obligation to the buyer to enter into a contract of insurance.

Import/Export Clearance:

If necessary, the seller must do and pay all costs related to the export/transit/import customs clearance required in the country of export/import transit, such as export permits. /transit/import; Security check with goods upon export/transit/import; check product; and any legal requirements.

Coffee Buyer Obligations:

Receive:

The buyer must receive the goods when the goods have been delivered.

Risk transfer:

The buyer bears all risks of loss of or damage to the goods from the time they are delivered.

If the buyer is unable to perform his obligations, the buyer will bear all risks and costs relating to the loss of or damage to the goods, provided that the goods have been clearly identified as the goods of the contract. copper.

If the buyer fails to promptly notify the seller, then the buyer bears all risks of loss of or damage to the goods from the specified date or the last day of the specified period for delivery, provided that goods that have been clearly distinguished as contract goods.

Carriage:

The buyer has no obligation to the seller for the contract of carriage.

Insurance:

The buyer has no obligation to the seller to enter into a contract of insurance. However, the buyer must provide the seller, upon request, with any information necessary for the seller to be able to purchase insurance.

Import/Export Clearance:

If necessary, the buyer must assist the seller when the seller requests, at the seller’s risk and expense, in obtaining documents/information relating to export/transit/import clearance, including security or inspection information required by the exporting/transit/importing country such as export/transit/import permits; security check with goods upon export/import transit; check product; and any legal requirements.

 

FAS (Free Along with Side Ship: Delivery along the side of the ship)

 

fas incoterms 2020 free alongside ship

FAS Incoterms 2020 Conditions

Express Incoterm FAS on foreign trade contracts:

How to express FAS on foreign trade contracts:  FAS [Specified port of shipment] Incoterms 2020

Example:
FAS Ho Chi Minh Incoterms 2020
FAS Hai Phong Incoterms 2020

Coffee Exporter‘s obligations:

Delivery:

The seller must deliver the goods by either placing the goods alongside the vessel nominated by the buyer at the place of loading (if any) nominated by the buyer at the named port of shipment or procuring the goods so delivered. In either case, the seller must deliver the goods on the date or within the agreed period in the usual manner at the port.

If the buyer does not specify a specific place of loading, the seller may select the most suitable place at the named port of shipment. If the parties agree to deliver the goods within a specific time period, the buyer has the right to select a delivery date within that period and notify the buyer.

Risk transfer:

The seller bears all risks of loss of or damage to the goods until they are delivered, except in the cases of loss or damage mentioned above.

Carriage:

The seller has no obligation to the buyer to conclude a contract of carriage.

However, the seller must provide the buyer if the buyer requires, at the buyer’s risk and expense, to assist the buyer in obtaining any necessary information or documents, including security that the buyer needs to export or organize the transport of the goods to the destination.

The seller may or may not agree to assist the buyer, but if agreed must assist the buyer in contracting for carriage on generally appropriate terms. With such goods, all risks and costs will be borne by the buyer.

Insurance:

The seller has no obligation to the buyer to enter into a contract of insurance. However, the seller must provide the buyer, at the buyer’s request and risk, with the information the buyer needs to obtain insurance.

Import/Export Clearance:

a) Regarding export clearance

If necessary, the seller must do and pay all costs related to the export customs formalities prescribed in the exporting country such as: export license; security check with goods when exporting; goods inspection upon export; and any legal requirements.

b) Support for import procedures

If necessary, the seller must assist the buyer at the buyer’s request, risk, and expense, in obtaining the necessary documents/information for customs clearance in transit/import, including security information and cargo inspection, which are required in the country of transit or the country of import.

Buyer Obligations:

Receive:

The buyer must receive the goods when the goods have been delivered.

Risk transfer:

The buyer bears all risks of loss of or damage to the goods from the time they are delivered.

If:

a) Buyer fails to notify in accordance with regulations; or

b) The vessel nominated by the buyer fails to arrive on time for delivery fails to take delivery, or stops loading before the notified time.

Provided that the goods are identified as the contract goods, the buyer bears all risks of loss of or damage to the goods from the specified date or the last day of the specified period for delivery, provided that the goods have been clearly identified as the contract goods.

Carriage:

The buyer contracts for the carriage or arranges the carriage at his own expense for the carriage of the goods from the time of receipt, unless the contract of carriage is concluded by the buyer.

Insurance:

The buyer has no obligation to the seller to enter into a contract of insurance .

Import/Export Clearance:

a) Support for export clearance

If necessary, the buyer must assist the seller when the seller requires, at the seller’s risk and expense, to obtain documents/information relating to export clearance, including security or regulatory information. pre-export regulations are regulated by the exporting country,

b) Import clearance

If necessary, the buyer must make and pay the costs associated with customs clearance required in the country of transit and the country of import, such as import permits or any permits necessary for transit; security checks for importation and transit; check product; and any legal requirements.

FOB (Free On Board: Delivery on board) – Purchasing Coffee

 

fob incoterms 2020 free on board

Conditions FOB Incoterms 2020

Expressing Incoterm FOB on foreign trade contracts:

How to express FOB terms on foreign trade contracts:  FOB [Specified port of delivery] Incoterms 2020

Example:
FOB Ho Chi Minh Incoterms 2020

Coffee Exporter‘s obligations:

Delivery:

The seller must deliver the goods by placing the goods on board the vessel nominated by the buyer at the place of loading, if any, nominated by the buyer at the named port of shipment or by purchasing the goods so delivered. In either case, the seller must deliver the goods on the date or within the agreed period in the usual manner at the port.

If the buyer does not specify a specific place of loading, the seller may select the most suitable place at the named port of shipment. If the parties agree to deliver the goods within a specific time period, the buyer has the right to choose a delivery date within that period.

Risk transfer:

The seller bears all risks of loss of or damage to the goods until they are delivered, except in cases where loss or damage has been mentioned.

Carriage:

The seller has no obligation to the buyer for the conclusion of a contract of carriage.

However, the seller must provide the buyer if the buyer requires, at the buyer’s risk and expense, to assist the buyer in obtaining any necessary information or documents, including security that the buyer needs to export or organize the transport of the goods to the destination.

The seller may or may not agree to assist the buyer, but if he agrees to assist the buyer in contracting for carriage on terms normally appropriate for that type of goods, all risks and costs shall be borne by the seller. bear by the buyer.

Insurance:

The seller has no obligation to the buyer to enter into a contract of insurance. However, the seller must provide the buyer, at the buyer’s request and risk, with the information the buyer needs to obtain insurance.

Import/Export Clearance:

a) Regarding export clearance

If necessary, the seller must do and pay all costs related to the export customs clearance as prescribed in the exporting country such as: export license; security check with goods when exporting; goods inspection upon export; and any legal requirements.

b) Support for import procedures

If necessary, the seller must assist the buyer at the buyer’s request, risk, and expense, to obtain the necessary documents/information for customs clearance during transit/import , including including security information and cargo inspection, are required in the country of transit or the country of import.

Buyer Obligations:

Recieve:

The buyer must receive the goods when the goods have been delivered.

Risk transfer:

The buyer bears all risks of loss of or damage to the goods from the time they are delivered.

If:

a) Buyer fails to notify in accordance with regulations; or

b) The vessel nominated by the buyer fails to arrive on time for delivery fails to take delivery, or stops loading before the notified time.

Provided that the goods are identified as the contract goods, the buyer bears all risks of loss of or damage to the goods from the specified date or the last day of the specified period for delivery.

Carriage:

The buyer contracts for the carriage or arranges the carriage at his own expense for the carriage of the goods from the time of receipt, unless the contract of carriage is concluded by the buyer in accordance with A4.

Insurance:

The buyer has no obligation to the seller to enter into a contract of insurance.

Import/Export Clearance:

a) Support for export clearance

If necessary, the buyer must assist the seller when the seller requests, at the seller’s risk and expense, in obtaining documents/information relating to export clearance, including security or Pre-export goods inspection is regulated by the exporting country.

b) Import clearance

If necessary, the buyer must make and pay the costs associated with customs clearance required in the country of transit and the country of import, such as import permits or any permits necessary for transit; security checks for importation and transit; check product; and any legal requirements.

CFR (Cost and Freight: Cost and Freight) – Coffee Purchasing

 

cfr incoterms 2020 cost and freight

Conditions CFR Incoterms 2020

Expressing Incoterm CFR on foreign trade contracts:

How to express CFR terms on foreign trade contracts:  CFR [Regulated port of destination] Incoterms 2020

Example:
CFR Ho Chi Minh Incoterms 2020

Coffee Exporter‘s obligations:

Delivery:

The seller must deliver the goods either by onboarding or purchasing goods for such delivery. The seller will have to deliver the goods on the specified date or time, in the usual manner at the port.

Risk transfer:

The seller bears all risks of loss of or damage to the goods until they are delivered, except in the cases of loss or damage mentioned above.

Carriage:

The seller must contract for the carriage of the goods to the agreed place of delivery, if any, at the place of delivery to the named port of destination, or to any point at the port of destination.

The contract of carriage must be concluded on ordinary terms, at the seller’s expense, and must carry the goods by the usual route by a vessel of the type normally used for the carriage of such goods.

Insurance:

The seller has no obligation to the buyer to enter into a contract of insurance. However, the seller must provide, at the buyer’s request and at his risk and expense, if any, the information the buyer needs to obtain insurance.

Import/Export Clearance:

a) Regarding export clearance

If necessary, the seller must do and pay all costs related to the export customs formalities required in the exporting country, such as: export permits; security check with goods when exporting; goods inspection upon export; and any legal requirements.

b) Support for import procedures

If necessary, the seller must assist the buyer at the buyer’s request, risk and expense, in obtaining the necessary documents/information for customs clearance in transit/import, including including security information and cargo inspection, are required in the country of transit or the country of import.

Buyer Obligations:

Receive:

The buyer must take delivery of the goods when they have been delivered and receive them from the carrier at the named port of destination.

Risk transfer:

The buyer bears all risks of loss of or damage to the goods from the time they are delivered.

If the buyer fails to promptly notify the seller, the buyer will bear all risks and costs relating to loss of or damage to the goods from the specified date or the last day of the period specified for the delivery of the goods. delivery, provided that the goods have been clearly identified as the contract goods.

Carriage:

The buyer has no obligation to the seller for the contract of carriage.

Insurance:

The buyer has no obligation to the seller to enter into a contract of insurance.

Import/Export Clearance:

a) Support for export clearance

If necessary, the buyer must assist the seller when the seller requests, at the seller’s risk and expense, in obtaining documents/information relating to export clearance, including security or Pre-export inspection is regulated by the exporting country.

b) Import clearance

If necessary, the buyer must do and pay the costs associated with customs clearance required in the country of transit and the country of import, such as: import permits or any permits necessary for transit; security checks for entry and exit; check product; and any legal requirements.

CIF (Cost, Insurance & Freight: Cost, Insurance and Freight) – Coffee Importer & Exporter

 

Import & Export Coffee: Incoterms 2020 – Summary of content and specific instructions for use in Import & Export Coffee: CIF incoterms 2020 cost insurance and freight

Conditions CIF Incoterms 2020

Expressing Incoterm CIF on foreign trade contracts:

How to express CIF terms on foreign trade contracts:  CIF [Specified port of delivery] Incoterms 2020

Example: 
CIF Ho Chi Minh Incoterms 2020

Coffee Exporter’s obligations:

Delivery:

The seller must deliver the goods either by onboarding or purchasing goods for such delivery. The seller will have to deliver the goods on the specified date or time, in the usual manner at the port.

Risk transfer:

The seller bears all risks of loss of or damage to the goods until they are delivered, except in the cases of loss or damage mentioned above.

Carriage:

The seller must contract for the carriage of the goods to the agreed place of delivery, if any, at the place of delivery to the named port of destination, or to any point at the port of destination.

The contract of carriage must be concluded on ordinary terms, at the seller’s expense, and must carry the goods by the usual route by a vessel of the type normally used for the carriage of such goods.

Insurance:

Unless otherwise agreed or customary of sale do not differ, the seller must, at his own expense, default to insure the goods with a minimum coverage of condition C of the Institute of Traders. London insurance ( LMA/IUA ) or any similar condition.

An insurance contract must be signed with an insurer or a reputable insurance company so that the buyer, or any other person with an insurable interest in the goods, can claim directly from the insurer.

Upon request by the buyer the seller shall, subject to the information provided by the buyer at the seller’s request, and at his expense, procure additional insurance, if applicable, such as Institute War Clauses) and/or strike coverage (LMA/IUA) or any similar condition.

The insured value must be at least equal to the price of the goods specified in the contract plus 10% (ie 110%) and in the currency of the contract.
Coverage must be in force from the named place of delivery and terminate at least at the named port of destination.

The seller must provide the buyer with a deed of insurance or a certificate of insurance or other proof of insurance purchase.

In addition, the seller must provide the buyer, at the buyer’s request and expense (if any), with the information the buyer needs to purchase additional insurance.

Import/Export Clearance:

a) Regarding export clearance

If necessary, the seller must do and pay all costs related to the export customs formalities prescribed in the exporting country, such as export permitssecurity check with goods when exportinggoods inspection upon export; and any legal requirements.

b) Support for import procedures

If necessary, the seller must assist the buyer at the buyer’s request, risk, and expense, in obtaining the necessary documents/information for customs clearance during transit/import, including security information and cargo inspection, which are required in the country of transit or the country of import.

Coffee Importer’s Obligations:

Receive:

The buyer must take delivery of the goods when they have been delivered and receive them from the carrier at the named port of destination.

Risk transfer:

The buyer bears all risks of loss of or damage to the goods from the time they are delivered.

If the buyer fails to promptly notify the seller, then the buyer bears all risks of loss of or damage to the goods from the specified date or the last day of the specified period for delivery, provided that goods that have been clearly distinguished as contract goods.

Carriage:

The buyer has no obligation to the seller to conclude a contract of carriage.

Insurance:

The buyer has no obligation to the seller to enter into a contract of insurance. However, the buyer must provide the seller, upon request, with any information necessary for the seller to be able to purchase the additional insurance required by the specified buyer.

Import/Export Clearance:

a) Support for export clearance

If necessary, the buyer must assist the seller when the seller requests, at the seller’s risk and expense, in obtaining documents/information relating to export clearance, including security or Pre-export inspection is regulated by the exporting country.

b) Import clearance

If necessary, the buyer must make and pay the costs associated with customs clearance required in the country of transit and the country of import, such as import permits or any permits necessary for transit; security checks for importation and transit; check product; and any legal requirements.

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