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al of buyer B B B B Any mode FCA Inland place or port of shipment Goods at the disposal of carrier S B B B Any mode FAS Port of shipment Goods placed alongside the vessel S B B B Sea or inland waterway FOB Port of shipment Goods pass the ship’s rail S B B B Sea or inland waterway CFR Port of shipment Goods pass the ship’s rail S S B B Sea or inland waterway CIF Port of shipment Goods pass the ship’s rail S S S B Sea or inland waterway CPT Inland place or port of shipment Goods at the disposal of carrier S S B B Any mode CIP Inland place or port of shipment Goods at the disposal of carrier S S S B Any mode DAF Inland point or place at the frontier Goods at the disposal of buyer S S S B Any mode DES Port of destination Goods at the disposal of buyer on board the vessel S S S B Sea or inland waterway DEQ Port of destination Goods at the disposal of buyer on the quay S S S B Sea or inland waterway DDU Inland place in the importing country Goods at the disposal of buyer S S S B Any mode DDP Inland place in the importing country Goods at the disposal of buyer S S S S Any mode Inters 2023 Group Analysis 30 SEIB of GDUFS Variation ? FOB Liner Terms (FOB班輪條件) ? FOB Under Tackle (FOB吊鉤下交貨) ? FOB Stowed Trimmed (FOB理艙,平艙費(fèi)在內(nèi)) ? CFR/CIF Liner Terms (班輪條件) ? CFR/CIF Landed (卸至碼頭) ? CFR/CIF Ex Tackle (吊鉤下交接) ? CFR/CIF Ex Ship’ s Hold (艙底交接) Seller pays: Least Most Most Least 31 SEIB of GDUFS Important Note The variation of transport cost bearing DOES NOT change the nature of the term: the risk implication remains same all the time. 32 SEIB of GDUFS Application issues Customs Clearance ? Referring to both the payment of duty and the performance of any administrative matters ? EXW buyers for both import and export customs clearance ? DDP sellers for both import and export customs clearance ? For other terms, buyers for import customs clearance while sellers for export customs clearance 33 SEIB of GDUFS Application issues Quality Confirmation ? Seller’ s expense to cover checking operations: quality control during the production, measuring, weighing and counting a the time of delivery ? Buyer’ s necessity to inspect the goods before taking delivery, hence he must pay preshipment inspection ? Seller pay any costs of inspections mandated by the local authorities which is normally part of customs clearance 34 SEIB of GDUFS Application issues Appropriation ? Referring to the act of setting apart something for particular usage, to the exclusion of all other uses. ? One of the conditions for realizing the transfer of risks from the seller to the buyer. ? Ways of appropriation varies, the mon one is ? to identify the goods by using the unique shipping marks provided by the buyer. 35 SEIB of GDUFS Application issues Shipment Notice ? The party arranges shipment shall provide his counterpart with sufficient notice related to the transportation. ? Necessary information include: the name of the carrier, the mode of transport, the date or period for delivery, etc. ? Inability to provide sufficient and prompt shipment notice to the counterpart may lead to the failure of transfer or advanced transfer of risk. ? Notification is especially significant under CFR. 36 SEIB of GDUFS Application issues Shipment Contract term vs. Arrival Contract term ? Shipment contract term: ? Under which the delivery will happen at the time or before the time of shipment ? seller not responsible for loss or risk of goods being carried after the time of shipment ? Arrival Contract term: ? Which specifies the seller to deliver at the time of arrival ? seller responsible for all risks before the arrival of the goods carried 37 SEIB of GDUFS Application issues Symbolic delivery vs. Actual delivery ? SD: deliv