1 / 31

INCOTERMS

INCOTERMS. 2000. Unit 3. Presented by Richard Huang. 1. 2. 3. 4. 6 Major Trade Terms ( key point). Development of INCOTERM. 13 Trade Terms. Practice. Contents. Seller Freight Forwarder Buyer. Incoterms 2000. A quick quiz to see how much we already know. Quick Quiz.

ide
Download Presentation

INCOTERMS

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. INCOTERMS 2000 Unit 3 Presented by Richard Huang

  2. 1 2 3 4 6 Major Trade Terms ( key point) Development of INCOTERM 13 Trade Terms Practice Contents Mar. 2010

  3. Seller Freight Forwarder Buyer

  4. Incoterms 2000 • A quick quiz to see how much we already know.

  5. Quick Quiz 1. Incoterms 2000 address _____ . • A. ownership rights • B. breaches of contract • C. the risks of loss between the parties • D. type of ship used

  6. Quick Quiz 2. “FOB” is only appropriate when goods are shipped via _____. • A. truck • B. rail • C. ship • D. air

  7. Quick Quiz • 3. Which Incoterms can be used to transfer title to goods at the port of export? _____. • A. EXW • B. FCA • C. FOB • D. None of the above • Incoterms do NOT refer to the title of goods but rather to risks and costs.

  8. 13 Trade Terms (4 categories) D E DAF DES DEQ DDU DDP C EXW CFR CIF CPT CIP F FCA FAS FOB MAR. 2010

  9. EXW Ex Works (... named place) Buyer’s Risks Buyer’s Cost Buyer Seller

  10. FCA Free Carrier (... named place) RISKS COST Buyer Seller

  11. FAS Free Alongside Ship (... named port of shipment) RISKS COST Buyer Seller

  12. FOB Free On Board (... named port of destination) RISKS COST Buyer Seller

  13. CFR Cost and Freight (... named port of destination) RISKS COST Buyer Seller

  14. CIF Cost Insurance and Freight (... named port of destination) RISKS COST Buyer Seller

  15. CPT Carriage Paid To (... named place of destination) RISKS COST Buyer Seller

  16. CIP Carriage and Insurance Paid To (... named place of destination) RISKS COST Buyer Seller

  17. DAF Delivered At Frontier (... named place) RISKS COST Buyer Seller

  18. DES Delivered Ex Ship (... named port of destination) RISKS COST Buyer Seller

  19. DEQ Delivered Ex Quay (... named port of destination) RISKS COST Buyer Seller

  20. DDU Delivered Duty Unpaid (... named place of destination) RISKS COST Buyer Seller

  21. DDP Delivered Duty Paid (... named place of destination) RISKS COST Buyer Seller

  22. Four Groups of Incoterms Less Control More Control 1) “E” group - Departure 2) “F” group - Main carriage unpaid 3) “C” group - Main carriage paid 4) “D” group - Arrival Seller Buyer More Control Less Control MAR. 2010

  23. PRACTICE FCA (Free Carrier) FAS (Free Alongside Ship) FOB (Free On Board)

  24. PRACTICE

  25. QUAY QUAY PRACTICE FAS EXW FCA FOB X

  26. BOB KIPKE GRAPHICS BOB KIPKE GRAPHICS 2000 Bob's.ppt http://www.geocities.com/bkip20002/index.html Graphics by Bob http://home.att.net/~kip20002/ 2001 Diagram of the Incoterms (DAF) CPT CIP FCA FAS FOB EXW CFR CIF (DAF) DEQ DES DDU DDP DAF

  27. Incoterms 2000 CPT? CIP? BUYER SELLER FCA? FCA? FAS ? FOB? ??? DDU? DDP? CFR? CIF? CPT? CIP? DES? DEQ? DAF? =Seller’s COST & CONTROL ------ = Buyer’s COST & CONTROL

  28. Incoterms 2000 BUYER SELLER FCA? FAS ? FOB? ??? ------ = Buyer’s COST & CONTROL

  29. Incoterms 2000 SELLER FCA? BUYER FCA? FCA FAS FOB =Seller’s COST & CONTROL ------ = Buyer’s COST & CONTROL

  30. Help on the Net Mar. 2010

  31. www.tradeport.org/ts/ www.census.gov/foreign-trade/www/ www.sba.gov/gopher/Business-Development/International-Trade/Guide-To-Exporting/ www.freightworld.com/information.html

More Related