Product, services, incoterms and tradeterms

Product, services, incoterms and tradeterms

Dony”s Product, services, incoterms and tradeterms

Uniform & workwear and Simple fashion clothes

1/ Accessories: Hat, cap, apron

2/ Outerwear: Jacket, coat, trench coat, vest, blazer

3/ Top: Sweater, sweartshirt, cardigan, tank top, t-shirt, shirt

4/ Bottom: Cargo pants, dress pants, shorts, sweatpants, skirt

Service

1 /Design: Uniform, Simple fashion

2/ Sew:

3/ Print: 2D, 3D

4/ Embroidrery: 2D, 3D

5/ Shipping ( use shipping agent)

+ Door to door ( agent and normal)

+ Door to Port

Incoterms and tradeterms

1 /EXW – ExWorks

This term represents the seller”s minimum obligation, since he only has to place the goods at the disposal of the buyer. The buyer must carry out all tasks of export & import clearance. Carriage & insurance is to be arranged by the buyer.

2/ FOB – Free On Board

This term means that the seller delivers when the goods pass the ship”s rail at the named port of shipment. This means the buyer has to bear all costs & risks to the goods from that point. The seller must clear the goods for export. This term can only be used for sea transport. If the parties do not intend to deliver the goods across the ship”s rail, the FCA term should be used.

3/ CIF – Cost, Insurance, Freight

The seller delivers when the goods pass the ship”s rail in the port of shipment. Seller must pay the cost & freight necessary to bring goods to named port of destination. Risk of loss & damage same as CFR. Seller also has to procure marine insurance against buyer”s risk of loss/damage during the carriage. Seller must clear the goods for export. This term can only be used for sea transport.

4/ DDU – Delivered Duty Unpaid

This term means the seller delivers the goods to the buyer, not cleared for import, and not unloaded from arriving means of transport at the named place of destination. The seller bears all costs & risks involved in bringing the goods to the named place other than “duty” (which includes the responsibility for customs formalities & payment of those formalities, duties & taxes) for import into the country of destination. Buyer is responsible for payment of all customs & duties & taxes.

5/ DDP – Delivered Duty Paid

This term represents maximum obligation to the seller. This term should not be used if the seller is unable to directly or indirectly to obtain the import license. The terms means the same as the DDU term with the exception that the seller also will bear all costs & risks of carrying out customs formalities including the payment of duties, taxes & customs fees.