Coty FCL Example and Incoterms

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== Incoterms ==
== Incoterms ==
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=== EXW ===
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Consignee pays for all.
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The seller makes the goods available at its premises. This term places the maximum obligation on the buyer and minimum obligations on the seller. The Ex Works term is often used when making an initial quotation for the sale of goods without any costs included. EXW means that a seller has the goods ready for collection at his premises (works, factory, warehouse, plant) on the date agreed upon. The buyer pays all transportation costs and also bears the risks for bringing the goods to their final destination. The seller doesn't load the goods on collecting vehicles and doesn't clear them for export. If the seller does load the good, he does so at buyer's risk and cost. If parties wish seller to be responsible for the loading of the goods on departure and to bear the risk and all costs of such loading, this must be made clear by adding explicit wording to this effect in the contract of sale.
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http://en.wikipedia.org/wiki/Incoterms
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=== DDP ===
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Shipper pays for all
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=== LDP ===
== 360267 ==
== 360267 ==

Current revision as of 21:03, 13 October 2011


Contents

[edit] Incoterms

[edit] EXW

Consignee pays for all.

The seller makes the goods available at its premises. This term places the maximum obligation on the buyer and minimum obligations on the seller. The Ex Works term is often used when making an initial quotation for the sale of goods without any costs included. EXW means that a seller has the goods ready for collection at his premises (works, factory, warehouse, plant) on the date agreed upon. The buyer pays all transportation costs and also bears the risks for bringing the goods to their final destination. The seller doesn't load the goods on collecting vehicles and doesn't clear them for export. If the seller does load the good, he does so at buyer's risk and cost. If parties wish seller to be responsible for the loading of the goods on departure and to bear the risk and all costs of such loading, this must be made clear by adding explicit wording to this effect in the contract of sale.

http://en.wikipedia.org/wiki/Incoterms

[edit] DDP

Shipper pays for all

[edit] LDP

[edit] 360267

  • Pick up request (email from Coty US to Jag oper NY)
  • Dock Receipt (to truck company)
  • Truck comp brings empty container to oD and once loaded notify Jag about cont# and seal#
  • send IMO to Steamship line (prelim and final)
  • enter info into AES, get ITN#
  • send Shippers letter of instructions (MBL) to Steamshipline
  • create HBL
  • send pre-alert to Jag HK after it is confirmed that it is left the port
  • wait until it arrives to file away (HK oper will notify, OOCL will fax/email them)

Incoterms are EXW so consignee is paying for everything.

Jag NY bills HK for origin trucking, P2P (because Jag NY pays for those segments).

HK bills consignee for origin trucking, P2P, destination trucking.

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