• INCOTERM SCENARIO

    QUESTION: Question: For customs clearance, should A put FOB cost or selling price (DDP) on the commercial invoice? A: Seller in US (IOR) B: Vendor in China C: Buyer in US   Terms of sale between A and B are FOB China shipping port. Terms of sale between A and C are DDP. A asks […]

  • EFFECTIVE USAGE OF DDP

    QUESTION: My concern of using DDP shipments for US Export is that the USPPI now becomes the IOR in the foreign destination and is responsible for clearance. This creates risk for the USPPI from a compliance perspective because this would require a Foreign Power of Attorney (FPOA) to a broker in the foreign destination to […]

  • INCOTERMS SCENARIO

    QUESTION: I understand that the Incoterms and the title transfer are not related and should be listed separately in the contract. I have a situation that I need a feedback from the ICPA members. There are 3 parties in the transaction – the U.S seller, IE company, and UK company. All partied are related. The […]

  • MX TO US INCOTERM

    QUESTION: What incoterm (part 1 and part 2) should be used when importing to US from Mexico which puts the Mexican Brokerage cost as the vendors responsibility? ========== Answers: There are various scenarios you could use here: FCA Nuevo Laredo, Mexico – vendor delivers to the yard on the Mexican side of the border, vendor is […]

  • INTER-CO SHIPMENT INCOTERMS

    QUESTION: Could anyone in the membership advise how to use Incoterms 2010 for international shipment moved between 2 entities within the same legal entity (aka intercompany shipment)? For example, Entity A in Country A and Entity B in Country B are belong to a same legal entity in Country C.  There is a shipment moved […]

  • SURFACE INCOTERM FOR MULTI-MODAL SHIPMENTS

    QUESTION: How are other members handling the Incoterms that are for waterway transport only (I.e. FOB, CFR, CIF) when they are using multi-modal shipping? For example, CFR vs. CPT CFR terms are from port to port with risk passing at the point where the goods are loaded on to the vessel. This means that prior […]

  • INCOTERM SCENARIO

    Question:   We sell products that are relatively small but have a high value. Our company has always had a policy forbidding customers from personally picking up orders from our distribution center instead of using couriers and forwarders because of the risk of domestic orders turning into undeclared international orders due to the ease of […]

  • INCOTERMS

    Question:   If my responsibility under the terms of CIP New Delhi is to ship the goods to New Delhi, how do I satisfy this if the buyer does not provide “ship to” information in New Delhi?  I send these shipments through express courier small package, and need an address for a location in New […]

  • INCOTERMS

    Question:     I have questions in regard to Incoterms, and I want to make sure my understanding of the terms for these shipments is in fact correct.   In short, my company receives orders from a distributor in India that sells our products (they don’t physically have any of our products in India, rather, […]

  • INCOTERMS

    Question:   In short, my company receives orders from a distributor in India that sells our products (they don’t physically have any of our products in India, rather, they sell and we ship directly from the U.S. to their customer(s) in India).  These are very small shipments, which typically consist of 1-2 packages per order/shipment, […]

  • APPROPRIATE INCOTERM

    Question:   I am looking for the correct Incoterm that would best fit the below scenario Seller would own the cargo to buyer’s door, and the buyer would pay freight by the appointed buyer’s transportation provider ========== Answers: More details required to provide you with a complete reply on what Incoterm would be most appropriate […]

  • INCOTERM SCENARIO

    Question: I have non-compliance question for the group and just looking for any comments or suggestions on. A scenario I have never come across. Scenario: 2. US manufacture exports good to foreign dealer. Incoterms are FCA USA port. Foreign dealer routes freight and risk to destination. Dealer in non-related. US manufacture sells the finance sale […]