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FAQS
EXW – Must seller load on buyer’s vehicle?
No, the buyer must load the collecting vehicle at the buyer’s cost and risk.
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EXW – What happens if seller assists with the loading anyway?
In case of an accident during loading a dispute over liability may arise. If the seller loads the collecting vehicle it should be stated that “loadi
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FCA – Who is bears the cost and risk of loading the goods at origin and unloading at the destination?
Loading at origin is at the seller’s cost and risk. Unloading at destination is at the buyer’s cost and risk.
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FCA – Who pays for ..
FCA - Who pays for...
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FCA – Is seller obligated to stow the goods in buyer’s container upon delivery on seller’s location?
No, unless the Incoterm is “FCA (named place), containerized” is used in the contract.
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FOB – Who pays Terminal Handling Charges (THC)?
The seller pays THC in the port of export.
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FOB – What is the ship’s rail and what is its significance?
A light structure serving as a guard at the outer edge of a ship’s deck. Risk transfer point is the “ship’s rail”.
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FCA – Where does the transfer of risk take place?
The risk transfers at the FCA delivery point (named place) or when the first carrier takes charge of the goods.
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FOB – Who pays for pre-carriage?
Seller pays pre-carriage up to the ship’s rail at the port of export.
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FOB – Must seller make sure that the goods are stowed/ trimmed on board the ship?
No, stowing/trimming is at the cost and risk of the buyer.
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CIF – Who pays terminal handling charges (THC) in port of arrival?
Buyer pays THC and port fees.
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CIF – Why 110% insurance?
To cover administrative cost of handling insurance claim and price increases of the goods.
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