We traditionally ship products from our U.S. DC’s to international markets using CIF Incoterms. However, some internal business units want transfer of risk of damage and loss to occur at our DC’s door (e.g. ex works). The challenge we face is that our company still wants to arrange for and pay the transportation costs from […]
Question: My question concerns paying ocean freight for international customers located in countries that assess duties on the CIF price and then billing them separately for the freight. Does anyone know of any legitimate reason that a US exporter would structure a sale this way? Or is helping the customer minimize duties the issue?
I would like to know how other members handle the deduction of international freight and insurance in CIF imports. The Customs laws are clear that actual charges must be deducted and that documentary proof must be maintained to support the deduction. The Informed Compliance Publication on international freight says, “Commercial documents to and from the […]
The players: Company (DS) is a domestic seller in the U.S. who utilizes offshore contract manufacturing for products and sells to, among others, domestic buyers Company (US) is a domestic buyer of products – the domestic customer Company (CM) is an offshore contract manufacturer INCOterm: EXW or FCA The scenario…who is the importer of record […]
We placed a purchase order with a vendor in the U.S. The terms of the contract with our vendor are DDU Freiberg, Germany. We have a purchase order for these items from our affiliates in Germany and terms on the purchase order are also DDU Freiberg. Would the USPPI in this case be ourselves or […]
We have DDU terms with a customer, but they are requesting that we change the terms to CPT. What benefit will this provide the buyer? Are we as the seller at a greater risk. I have read through both in Incoterms 2000 but can only see advantage to me the seller, would the membership share […]
1 The ICC has asked for comments to the following two questions: 1. Is there in your experience in the worldwide market a trade term in common use that is not currently included in Incoterms 2000? 2. Is there in your experience in the worldwide market a trade practice in common use that conflicts with […]
If we are purchasing an item CIP Houston from a supplier and the goods arrive damaged who’s responsibility is it to follow through with the insurance claim, the seller or buyer. Incoterms only state the seller must provide cargo insurance
Has anyone in the membership switched from the use of UCC Delivery Terms to ICC Incoterms, 2000 for domestic purchases? Does anyone in the membership have a presentation on the UCC Delivery Terms when used for domestic purchases?
I have a question about the proper delivery terms for a Vendor Managed Inventory situation. We issue contracts to US based food ingredient brokers to source ingredients from foreign suppliers on a VMI basis where the broker/supplier will keep 8-10 weeks of inventory in a US warehouse for us to draw down as needed. The […]
QUESTION ON FCA SUPPLIERS DOCK REVENUE RECONGNITION: We have received the following guidance from our auditors in regards to when we can recognize revenue under the Incoterms FCA – Supplier’s (Company) Warehouse Dock. “We (the auditors) do not believe that it is appropriate to recognize revenue under FCA terms until the items have been delivered […]
We have received the following guidance from our auditors in regards to when we can recognize revenue under the Incoterms FCA – Supplier’s (Company) Warehouse Dock. “We (the auditors) do not believe that it is appropriate to recognize revenue under FCA terms until the items have been delivered to the named place, and have been […]
