QUESTION: Does anyone have a list yet of the changes that are coming to INCOTERMS 2020? ************ Answers: It should be published in september 2019… ************ It is too soon. They won’t be released until September, to go into effect January 1, 2020. ************** The International Chamber of Commerce is releasing Incoterms 2020 in September […]
QUESTION: Our U.S. company purchases material from our sister company located in Mexico. INCOTERM 2010: – DAP City, State. Recently an inbound shipment was subjected to a Customs Inspection resulting in material being opened for sample purposes; leaving the bags contaminated and unsellable. In an attempt to reclaim our losses, we issued an invoice to […]
QUESTION: Does anyone have a list of countries that don’t allow NRI (i.e. DDP imports) or a list of those that do allow? I know Mexico doesn’t allow so we can’t send anything DDP and I believe we also had issues sending DDP to India. These are usually small parcel, promotional material, samples that we […]
QUESTION: We were recently approached by a vendor asking us to use what he is calling “modified DDP” terms. Essentially, how it works is the goods would ship with our forwarder on our ocean contracts under our ocean insurance. The vendor would handle all export and origin fees as well as being the importer of […]
QUESTION: My company are selling goods in accordance with DAT Incoterms 2010. The terminal will be an airport in the destination country. The Incoterm reference is fully indicated in the sales contract and refers to the specific point within the airport. The buyer has just informed us that they will use an external party to […]
QUESTION: We often run into situations where we have to ship products and cover all freight, taxes, duties etc. (essentially DDP). We understand that in many countries, our company cannot act as the importer of record. In these cases we ask our forwarder to assist and stress that we are not to be listed as […]
QUESTION: Will Incoterms 2020 be released in 2020 and effective Jan. 1, 2021? I am reading some publications online stating they would be effective Jan. 1, 2020, but I believe Incoterms 2010 were not effective until Jan. 1, 2011. =========== Answers: Incoterms 2020 Rules will come into force on January 1, 2020, and ill be […]
QUESTION: Does anyone know what changes are expected when the INCOTERMS are updated in 2020? ************ Answers: Work in progress, some press outlets have reported items, but no need to rush as you can continue to use Incoterms 2010 until you agree with your business partners to change over. Just wait until the new 2020 […]
QUESTION: For shipments from a manufacturer in Puerto Rico which are sold to a US entity under “EXW San Juan” terms, who is responsible for filing the EEI? The US customer has selected the freight forwarder, who is contacting us asking for either the ITN# or to provide them with written authorization to file the […]
QUESTION: I had a discussion with a co-worker about the responsibilities of the seller in an ExW transaction. She said that we don’t use ExW as a buyer because the seller does not have to provide commercial invoice, packing list and other documents as the definition states: EXW – “The buyer (not the seller) is […]
QUESTION: If Importer buys product FOB Origin point, and handles all transportation, can the origin shipper put on a hold on freight delivery upon arrival? I’m being told factory is holding release of freight on arrival due to lack of payment. ========== Answers: Absolutely. It has nothing to do with your INCOTERMS but with the […]
QUESTION: I had a discussion with a co-worker about the responsibilities of the seller in an ExW transaction. She said that we don’t use ExW as a buyer because the seller does not have to provide commercial invoice, packing list and other documents as the definition states: EXW – “The buyer (not the seller) is […]
