Buyer purchased machinery (2 pieces) from a 3rd party intermediary on DDP terms * Buyer’s door is on US West Coast * Cargo was imported from Italy to an Intermediary’s facility for inspection. Intermediary (Seller) is located in US East Coast. * The […]
Question:Our Corporate overseas mandated that all Inter-company sales be made under CPT terms. This is regardless of destination country or experience of the origin subsidiary company. My suggestion had been to align the incoterm of the inter-company sale to match the Customs valuation base of the country where the goods would be entered. For example […]
Need some clarification from the membership. Under Incoterms 2000 Carriage Paid To (named place) there is a clause that states “If subsequent carriers are used for the carriage to the agreed destination, the risk passes when the goods have been delivered to the first carrier”. The question is if I contract with an ocean carrier […]
Question:Need some clarification from the membership. Under Incoterms 2000 Carriage Paid To (named place) there is a clause that states “If subsequent carriers are used for the carriage to the agreed destination, the risk passes when the goods have been delivered to the first carrier”. The question is if I contract with an ocean carrier […]
Question: I need to train our International Sales Department on Incoterms 2000 and howthey apply to sales contracts. Does anyone in the group have a clearpresentation they could share? I would very much appreciate it.
Question: I have never been a supporter of the DAF term for shipments to Mexico but it seems to be the choice of Mexico importers. If you deliver on a truck to the Laredo border (US side) and then your foreign buyer or their agent takes control of the goods how do you know that […]
Question:Help! One of our large customers has asked that my company pay the freight costs for shipments all the way to their facility near Monterrey, Mexico. If we were selling to their company in Mexico, I would not have as much of a problem with this but right now, I don’t feel comfortable. Our sale […]
Question: If we are having a vendor in Italy ship merchandise to our subsidiariesaround the world, and we purchase the goods in transit from the Italiancompany, and sell them prior to arrival to our subsidiaries, whatgeographical term should be used with the INcoterm CIP, to ensure thatwe do not own the goods until they have […]
Question: I’d like to see some examples of some good short suggested phrases for transfer of title in a purchase agreement using INCO TERMS 2000
Question: According to the ICC book on INCOTERMS 2000, INCOTERMS are not sufficient to determine how title of goods is transferred. They express transfer of risk and division of responsibilities. I am curious how and where the membership is specifying when and how transfer of ownership is taking place. Are members incorporating a separate and […]
Question: What is the appropriate incoterm in a financially multi tiered (back to back to back) import transaction, where the sale for export is between the US importer and its foreign subsidiary (at transfer price) and the final sale is to the importers US customer. The physical flow of goods is from the foreign sub […]
Question: I suddenly have a supplier who says that the IRS is beginning to go after non-resident importers (DDP shipments) for sales and income taxes… has anyone else heard this is happening?
