How do you determine if the following shipment would be routed export or not. Scenario:Our company in US sells to our sister companies in different countries, the sister companies assign the freight forwarder to handle the export and file the EEI,would this be a routed export transaction? I believe it would not be a routed […]
Question: Our company’s revenue recognition policy is based on when risk transfers per the Incoterm used in the transaction. We have been promoting the use of “FCA Seller’s door” for domestic transactions when the inland freight is sent on a collect basis. For the instances when […]
Question: Simple (?) question. Purchase order and commercial invoice for shipment from Asia to US (to port of Houston) utilize INCOTERMS of “CFR Houston” – no additional statements or conspicuous clarifications. Not crazy about the terms, but despite being a global-scale importer, we often tend to let our suppliers decide our freight […]
QUESTION: Does anyone have a chart of payment terms that are acceptable under various Incoterms? There is one on page 140 of Incoterms for Americans book but I do not understand what ‘W/O’ means (can anyone explain this) – and this list is not exhaustive. We are struggling with a customer in Brazil […]
QUESTION: Incoterms 2010 has 5 terms for sea/water transport only: FAS, FOB, CFR, CIF, CPT. The other 7 are for any mode of transport. Does that mean the “others” like CIP can also be used for sea/water transport? **************
Question: We ship consumer products to international buyers under DDP or DAP ( DDU) terms, and there are times when we offer free shipping promos to the purchasers. In those cases, the shipping charges on the commercial invoice will show as zero, to match the amount the purchaser’s order confirmation. Is the […]
Question: I’d like to hear from the membership opinions on the “correct” INCOTERM to use on the CI for the following scenario: US Manufacturer sells to CA subsidiary, but ships directly to the Canadian customer. US Manufacturer covers freight (either PPD or PPD/ADD), Duties/Taxes charged third party to the CA subsidiary and shows as […]
Scenario 1) US buyer has contracted DDP terms with foreign supplier 2) Foreign supplier arranges and handles the entire shipment from foreign location to US buyers designated facility 3) Foreign supplier is the IOR (foreign supplier is a registered non resident importer) for the shipment/entry 4) Freight is already included in […]
Question: Scenario 1) US buyer has contracted DDP terms with foreign supplier 2) Foreign supplier arranges and handles the entire shipment from foreign location to US buyers designated facility 3) Foreign supplier is the IOR (foreign supplier is a registered non resident importer) for the shipment/entry 4) Freight is already […]
Question: 1) I am interested in how your companies are using INCOTERMS. By this, I mean are you using them only for international transactions or any you using them for both international AND domestic transactions? 2) Where do you see American business going in the future, with respect to using INCOTERMS domestically? […]
Question: Simple (?) question. Purchase order and commercial invoice for shipment from Asia to US (to port of Houston) utilize INCOTERMS of “CFR Houston” – no additional statements or conspicuous clarifications. Not crazy about the terms, but despite being a global-scale importer, we often tend to let our suppliers decide our freight […]
Question: Simple (?) question. Purchase order and commercial invoice for shipment from Asia to US (to port of Houston) utilize INCOTERMS of “CFR Houston” – no additional statements or conspicuous clarifications. Not crazy about the terms, but despite being a global-scale importer, we often tend to let our suppliers decide our freight […]
