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2.TradeTerms国贸第二章贸易术语
. * CIF Cost, Insurance and Freight (… named port of destination) One step forward from CFR Insurance born by seller Insurance for the buyer The seller pays for the insurance, but he does not take the risk of the cargo. Seller responsible for “min. coverage” If required by buyer and at buyer’s expense, additional coverage such as war, strike can be added Seller has no responsibility to guarantee the arrival of the goods at the destination. . * CPT Carriage Paid to (… named place of destination) CPT is similar to CFR Differences: Mode of transport CPT – any mode CFR – Sea or Inland Waterway Delivery point CPT – inland place or port of shipment CFR – port of shipment Transfer of risks CPT – goods delivered to carrier CFR – goods pass over ship’s rail . * CIP Carriage and Insurance Paid to (… named place of destination) CIP is similar to CIF Differences: Mode of transport CIP – any mode CIF – sea or inland waterway Delivery point CIP – Inland place or port of shipment CIF – port of shipment Transfer of risks CIP – goods at the disposal of carrier CIF – goods passing ship’s rail Freight and insurance CIP – whole journey freight and insurance CIF – voyage freight and insurance . * The “D” terms (DAF, DES, DEQ, DDU, DDP) Arrival contracts – seller bear all risks and costs in bringing the goods to the agreed place or point of destination at the border or within the country of import. Seller’s responsibility max. DES DEQ only for sea or inland waterway transportation mode Seller responsible for both export and import customs clearance under DDP . * DAF Delivered at Frontier (… named place) Only suitable for trade between neighboring countries who have inland borders. Delivery point: inland place at frontier cleared stipulated in the contract Transfer of risks: goods at the disposal of the buyer at frontier . * DES Delivered ex Ship (… named port of destination) DES similar to CIF Differences: Place of delivery DES – port of destination,
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