Delivery of the goods is “unloaded” by the seller at the destination place.
In Incoterms 2010 there was an interesting rule introduced at the last minute: DAT Delivered at Terminal. We assumed few were using DAT, and here’s how DPU came about.
The US and its Western allies have ramped up harsh economic sanctions against Russia, as it continues to attack Ukraine
Delivery of the goods is “not unloaded” by the seller at the destination place, typically at either the CY (container yard) or the buyer’s premises.
In the vast majority of shipments the container is provided by the carrier, usually the container shipping line itself even if a forwarder acts as the carrier, here disregarding the tiny minority of shipper-owned or buyer-owned containers.
What are the “goods” in the Incoterms 2020 rules? Rules A1, A8 and A2 explained, by Shipping Expert, Bob Ronai, with respect to the FCA and DPU Incoterms Rules
Delivery of the goods is “not unloaded” by the seller at the destination place. There is therefore a problem with DAP Rail Terminal.
Let’s look at the concept of “delivery” in EXW Incoterms 2020. The buyer must carry out export formalities, which can be problematic, but are there other potential problems that the rule does not explain?
It is important to understand that for the FCA rule “delivery” does not equal “shipment.” Bob Ronai discusses FCA Incoterms Rules
Why do the Incoterms 2020 rules not deal with VGM (Verified Gross Mass of Containers?) There are several reasons…
It has, once again, been a tumultuous year for global trade and finance. Here we reflect on our most popular topics, hottest headlines, and key themes of 2021.
TFG are delighted to announce a media partnership with the ICC United Kingdom at ICC International Trade & Prosperity Week | The Future of Global Value Chains.
TFG heard from ICC Austria’s Trade Finance Week, in an update around Letters of Credit and Incoterms, the problems, challenges and opportunities. Featuring Bob Ronai and Hugo Verschoren
The Buyer’s Request for Quotation (RFQ) and the responding Seller’s Quotation (QTO) need not be a kabuki dance event that only creates the appearance of engaging in a transaction.
Trade in much of the emerging and developing world, notably to, from and within Asia, but what does this mean for Incoterms Rules?