Carloking

Services

International

Freight Forwarder

Carloking Services, 101/103 Vertical Court,  Tema,  P.O. Box 11344,   Tel: +233 22 204554/ 205482,/203227,   Fax: +233 22 201395
                 
   
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Incoterms          
             
Incoterms are international rules that are accepted by governments, legal authorities and practitioners worldwide for the interpretation of the most commonly used terms in international trade. They either reduce or remove altogether uncertainties arising from differing interpretations of such terms in different countries.

The scope of Incoterms is limited to matters relating to the rights and obligations of the parties to the contract of sale with respect to the delivery of goods sold, but excluding "intangibles" like computer software.

FCA -Free Carrier (…named place)

This term has been designed to meet the requirements of multimodal transport, such as container or roll-on, roll-off traffic by trailers and ferries. It is based on the same name principle as F.O.B. (free on board), except the seller fulfills its obligations when the goods are delivered to the custody of the carrier at the named point. If no precise point can be named at the time of the contract of sale, the parties should refer to the place where the carrier should take the goods into its charge. The risk of loss or damage to the goods is transferred from seller to buyer at that time and not at the ship's rail. The term "carrier" means any person by whom or in whose name a contract of carriage by road, rail, air, sea, or a combination of modes has been made. When a seller has been furnished a bill of lading, way bill or carrier's receipt, the seller duly fulfills its obligation by presenting such a document issued by a carrier.

 Ex W- Ex works (…named place)

Ex works means the seller's only responsibility is to make the goods available at the seller's premises, i.e., the works or factory. The seller is not responsible for loading the goods on the vehicle provided by the buyer unless otherwise agreed. The buyer bears the full costs and risk involved in bringing the goods from there to the desired destination. Ex works represents the minimum obligation of the seller.

 
 
 
 
 
             
 

TERM

DDP

DDU
DEQ
DAF
DES
CPT
CIP
CFR
C&F
CIF
FOB
FAS
FCA
EXW
RESPONSIBILITY - SERVICES
Warehouse Storage at point of origin
                         
Warehouse Labor at point
of origin
 
                         
Export packing
                         
Loading at point of origin
                         
Inland Transport
                         

(Air) port receiving charges

                         
Forwarder fees customs
                         
Loading on ocean/air carrier
                         
Ocean/Air Freight
                         
Charges in destination (Air)port
                         
Customs Duties and Taxes
                         
Delivery charges to final
destination
      SELLER PAYS     BUYER PAYS  
 
     
   
   
   
   
   
                 
                 
                 
                 
                 
                 
                 
   

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