Incoterms 2020 and everything you need to know about it!
Incoterms
Materials that rules اینکوترمز۲۰۲۰ clarifies, including:
risk: Incoterms specify when the shipment is transferred from the seller to the buyer.
Costs:Incoterms specifies who is responsible for paying which costs. For example, who pays for the insurance?.
Responsibilities of the parties: Incoterms 2020 stipulates that responsibilities such as applying for insurance and obtaining a license Export and import, transportation and logistics and… It is the responsibility of which of the parties to the transaction.
Import and export
Incoterms 2020 answers the issues related to the transportation of goods from the seller to the buyer. Issues including transporting goods, clearance of goods, Import and export of goods Who is responsible for the payment and who bears the risk of moving and transferring the goods at different stages of transportation?. Different terms Incoterms It is usually used when referring to geographical locations rather than titles related to displacement.
Do not forget that Incoterms is only part of the whole contract International trade is. These terms do not say anything about the amount paid or the payment method used in the transaction. In addition, Incoterms It does not deal with transfer of ownership of goods, breach of contract or product liability. All these things should be considered in the sales contract. Also, Incoterms cannot ignore formal and mandatory rules. Incoterms of property rights do not cover possible conditions of breach of contract. Also, they do not replace the formal contract between the two parties. all Incoterms terms Except for group C, they do not take responsibility for arranging insurance.
Foreign trade and mandatory standards
Different Incoterms terms are usually used to refer to geographic locations rather than movement-related titles! Incoterms is divided into four groups D-C-F-E with terms related to each group, which includes 11 main terms and a number of secondary terms that help buyers and sellers to express the terms of a contract more clearly. Therefore, the risk of misinterpretation of the terms of the contract is minimized..
Incoterms 2020 rules for all modes of transport included:
- Ex Works : EXW
Delivery of goods at the point of departure at the origin (workplace). In this method, the seller delivers the goods to the buyer at the place of production or warehouse, and all costs, including loading, transportation, insurance, customs, and the risk of product damage, are the responsibility of the buyer..
- Group F delivery of goods to the buyer without payment of freight at the origin
This group includes the terms by which the seller delivers the goods to the place designated by the buyer.
- Group C delivery of goods at the origin to the buyer with payment of freight
This group includes terms whereby the seller must pay the fare to the destination, but the risk of loss or damage and additional costs are borne by the buyer.. In this method, a kind of division of responsibility has been applied between the buyer and the seller.
- Group D delivery of goods at the destination
It includes terms whereby the seller is responsible for delivering the goods to the agreed point or place at the destination and the seller assumes all risks and costs..
GOODS INSPECTION
Industrial engineering company FhamhApproved inspection company National Iranian Standards Organization And Central Bank of Iran In terms of providing services GOODS INSPECTION At the origin of countries all over the world and the destination of all customs of the country.