January 2021

Incoterms 2020 (DPU)

1- Delivery and risk—risk—“Delivered at Place Unloaded” means that the sellerdelivers the goods—and transfers risk—to the buyer• when the goods,• once unloaded from the arriving means of transport,• are placed at the disposal of the buyer• at a named place of destination or• at the agreed point within that...

December 2020

Incoterms 2020 (DAP)

1- Delivery and risk—“Carriage and Insurance Paid To” means that the seller delivers the goods—and transfers the risk—to the buyer• by handing them over to the carrier• contracted by the seller• or by procuring the goods so delivered.• The seller may do so by giving the carrier physical possession...

Incoterms 2020 (CIP)

1- Delivery and risk—“Carriage and Insurance Paid To” means that the seller delivers the goods—and transfers the risk—to the buyer • by handing them over to the carrier • contracted by the seller • or by procuring the goods so delivered. • The seller may do so by giving the carrier physical possession of...

Incoterms 2020 (CPT)

EXPLANATORY NOTES FOR USERS 1. Delivery and risk—“Carriage Paid To” means that the seller delivers the goods—and transfers the risk—to the buyer • by handing them over to the carrier • contracted by the seller • or by procuring the goods so delivered. • The seller may do so by giving the carrier physical...

Incoterms 2020 (FCA)

This rule may be used irrespective of the mode of transport selected and may also be used where more than one mode of transport is employed. “Free Carrier” means that the seller delivers the goods to the carrier or another person nominated by the buyer at the seller’s premises or another...

Incoterms 2020 (EXW)

This rule may be used irrespective of the mode of transport selected and may also be used where more than one mode of transport is employed. It is suitable for domestic trade, while FCA is usually more appropriate for international trade. “Ex Works” means that the seller delivers when...

Incoterms 2020

We at Yassien & Partners will go with the incoterms series to explore these highly important terms used in international trade. The Incoterms® rules are standard ‘trade terms’ used in international and domestic sale contracts to allocate certain costs and risks between the seller and the buyer. The best-known and most widely used...

November 2020

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