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 […]
A good resource and information for the membership. Thanks to George Tuttle!
QUESTION: We are interested in learning how, and to what extent, companies are now using Incoterms for domestic transactions, or for shipments between countries where there are no import/export requirements (like between EU countries). What policies have you implemented? What problems have you encountered?
QUESTION: We are interested in learning how, and to what extent, companies are now using Incoterms for domestic transactions, or for shipments between countries where there are no import/export requirements (like between EU countries). What policies have you implemented? What problems have you encountered?
QUESTION: We are interested in learning how, and to what extent, companies are now using Incoterms for domestic transactions, or for shipments between countries where there are no import/export requirements (like between EU countries). What policies have you implemented? What problems have you encountered?
Question: Has anyone in the membership seen transactions via Ocean freight where the MWB is marked “Freight Collect”, and the HWB is marked “Freight Prepaid”. Is this normal?
Question Incoterms are not codified under U.S. law or regulation, but how are Incoterms treated in other countries? Let’s say my customer and I engage in a transaction that doesn’t fit the basic template of any Incoterm, and we decide to avoid rather than modify an Incoterm, meaning that all the risks and obligations are […]
Question: We issue a PO to a foreign entity with terms DDP. The foreign entities US location is handling US Customs clearance based on DDP terms. From a compliance perspective, who is responsible for the information that is reported to US Customs – my company as the purchaser or their company – since they handled […]
Question:Under ex-works terms, is the freight forwarder required to give the U.S. PPI a copy of the EEI filing? Is the forwarder or exporter (agent of the FPPI) legally required to change or modify a previously submitted EEI?
I am needing to determine what the appropriate incoterms out of Mexico should be if we are handling the transportation door to door. In scenario one we will be responsible for both the Mexican export clearance (our supplier will grant POA to our chosen broker and we will pay all fees) as well as the […]
Question: We will have a high value import, for example, $5MM and the incoterm isCFR, which includes freight costs. Usually the shipper breaks out thefreight value on the commercial invoice, but that’s the extent of our“evidence” of freight value. If we were audited on this entry would thefreight cost simply noted on the commercial invoice […]
Question:Has anyone put together a summary / training for the new Incoterms 2010 effective in January 2011, that they would be willing to share?
