Question: I am preparing a guidance document for using Incoterms 2010 for our shipments. It is unclear to me whether the “named place” for CPT and CIF Incoterms is limited to the country of export, or can you use these Incoterms for a named place in the country of import as well? ************** Answers: CPT […]
Question: As shipments between the U.S. mainland and Puerto Rico are regarded domestic, except for the trade stats purposes, I wonder what the official guidance on the applicability of Incoterms to these types of shipments is. Is the proper way to use Incoterms or the North American shipping terms instead? ************ Answers: Incoterms 2010 are applicable to domestic shipments. The subtitle of […]
Question: My company consists of many different legal entities around the world. Several of these have customers in the USA. And some of these customers are demanding DDP terms from my foreign entities. However, my foreign legal entities are not set up with US Tax ID numbers, POAs, import bonds, etc…. Am I correct […]
Question: Can someone please advise what’s the correct incoterm for the following situation? It’s an export from U.S. to Mexico. However, Mexican customer only wants us to ship to Laredo, TX, their freight forwarder. Their freight forwarder will file SED/EEI and they will move the shipment out to Mexico. FCA Laredo, TX will […]
Question: We are in the process of transitioning to a new software vendor for self-filing capabilities. In our current system the INCO term of C&F (CAF) is shown. Can someone confirm that the INCO term CFR is the new term for C&F and that is the proper use for entry purposes going forward? ========== Answers: […]
Question: We have been given a price for an item we purchase and import. The INCOterm is FCA, Shipper’s Dock. However, the ocean and inland freight is prepaid, meaning, the shipper will arrange carriage from their dock to the first port of lading in the US. To do this, the shipper has modified the piece […]
Question: Question: Where can I find a listing of countries that have restrictions on non-resident importers using the Incoterm DDP? ******** Additional Answer: Please note that DDU is not an Incoterm 2010. Suggest DAP. ========== ADDTL ANSWER: We export items for repair from the US. We were shipping via courier DDP. On some occasions the […]
Question: We are a distribution company and most of our customers order product on our website, then elect a shipping method/carrier while they are checking out from a pre-selected list of available carriers that we provide. We have the relationship with the carriers and ship the products on our account to the customer’s door. We […]
Question: Can FCA be used for containerized sea shipments whereas FOB should only be used for non-containerized sea shipments. =========== Answers: With FCA, the named place is where the seller parts company with the goods and where the risk transfers from the seller to the buyer. When a seller uses FCA seller’s premises or even […]
Question: Looking for language (if it exists) to put into a form that our customer can sign that would, in theory, add an additional layer of protection on routed export transactions for my company. We will set up the INCOTERM to be EXW. Would a statement like the following protect us in the case of […]
Question: Here is a scenario: Buyer is responsible for paying the freight, but can not find a carrier. Buyer is asking Seller to use Seller’s carrier, and Seller is willing to arrange the transportation, but will charge the freight back to the Buyer on the invoice. Sometimes, we see “DAP destination and Add (add the […]
Question: DDP (Delivered Duty Paid) means that the seller/shipper is under the obligation to deliver the goods to the destination cleared for importation and thus bears all risks and costs, including duties and taxes to comply with that obligation. However, as the seller/shipper arranging the customs clearance, we are not legally able to act […]
