Dear Members: Re: DDP I am a licensed broker who has worked on the service provider side, and now work for an importer. On the service provider side whenever I saw DDP, I would obtain the foreign power of attorney, do the clearance, etc? To be honest, I would increase my charges. I would than […]
We have just encountered a situation where our standard shipping method for customers is incoterms DDP. We have been advised that Brazilian Customs does not allow shipments to be entered under DDP. Can someone confirm that this is actually the case and how to others handle that if they normally use DDP? We are considering […]
Hello. Can anybody provide me examples of penalties, fines, unnecessary charges, etc. that were incurred due to the following: (a) Incorrect INCO Terms (b) Incorrect Payment Terms Making a presentation to Senior Management and information like this seems to speak the loudest.
I need opinions from the experts… Here is my question: It’s been debated of whether CPT or DDU is the correct term in the following scenario… We ship to the Canadian customer on our carrier and prepay freight. The freight may either be added as a separate invoice line item or be built into the […]
Our company exports products into the EU countries and is proposing to offer our customers on option where we will export under DDP for a nominal fee and the cost of VAT. We do not have a physical presence in the EU but we do have a VAT registration number. What would be the benefit […]
We are trying to understand ownership and liability in the following export scenario 1. A US company has a sister company in Europe and an inter-company sale takes place between these related parties 2. The European company has a trade sale for the item we sell to them. 3. The European company sells the item […]
