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23444380
Incoterms
Description
Business Translation ll Mind Map on Incoterms, created by SOFIA SAMUDIO GUZMAN on 05/06/2020.
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business translation ll
Mind Map by
SOFIA SAMUDIO GUZMAN
, updated more than 1 year ago
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Created by
SOFIA SAMUDIO GUZMAN
over 4 years ago
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Resource summary
Incoterms
Trade Terms are key elements of international contracts of sale
Define the role between seller and uyer at an international transaction, a contract is made and it is stablish:
Duties of the buyer and the seller
Point where the costs and risks pass on from the seller to the buyer
Who takes care of the insurances, licences, permissions and all other formalities
Who arranges the transport until which point and who is responsible for this
How to use them
Specify the notion in the sales contract
Other precautions to take into account
knowledge of the meaning of each Incoterm and its acronym
Use the Incoterms® variants with precision, to avoid the confusion that could arise from their misinterpretation
Pinpoint the place or port accurately
Choosing the Right Incoterms® Ruler
Direct delivery on departure or sale on arrival
A sale on arrival means that the merchandise travels at the expense and risk of the seller to the agreed point / port
until the end of maritime transport and landing (DAP)
to destination point (DPU, DDP)
A direct delivery on departure means that the merchandise travels at the expense and risk of the buyer
from the moment it was delivered to the carrier to be dispatched (FCA, FAS, FOB, CFR, CIF, CPT and CIP)
from its availability at the seller's premises (EXW)
English/Spanish
Ocean freight usage only/Aplicables al transporte marítimo y al transporte fluvial
FAS - Free Alongside Ship/Franco al costado del buque
FOB – Free On Board/Franco a bordo
CFR – Cost And Freight/Coste y Flete
CIF – Cost Insurance And Freight/Coste, Seguro y Flete
For all modes of Transport/Aplicables al transporte marítimo y al transporte fluvial
EXW – Ex Works/En fábrica
FCA – Free Carrier/Franco transportista
CPT – Carriage Paid To/Transporte pagado hasta
CIP – Carriage And Insurance Paid To/Transporte y seguro pagados hasta
DPU – Delivered At Named Place, Unloaded/Descargado en el lugar de destino acordado
DAP – Delivered At Place/Entregado en punto de destino
DDP – Delivered Duty Paid/Entregado con derechos pagados
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