SERVICE

THE INCOTERMES RULES


INCOTERMS GUIDE

The current Incoterms 2010 created by the International Chamber of Commerce (ICC), is a set of rules developed for practice in contracts for the sale of goods. The rules are organized in a set of three-letter trade terms. The terms describe the tasks, costs, and risks associated with the delivery of goods from the sellers to the buyers ICC has developed two new rules, DAT and DAP, to replace the 2000 rules DAF, DES, DEQ, and DDU. There is a total of eleven rules.

INCOTERMS RULES FOR ANY MODE(S) OF TRANSPORTATION

EX WORKS (EXW) - Seller places goods at the disposal of the buyer at the seller's premises or another named location. Seller will not contract for loading of goods, collecting vehicles or clearing goods through customs.

FREE CARRIER (FCA) - Seller delivers the goods to the carrier or named person at the seller's premises or another named location. Seller is required to clear goods through export only.

CARRIAGE PAID TO (CPT) - Seller delivers the goods to the carrier or named person at an agreed location. The seller contracts to pay the costs of carriage to the destination. Buyer assumes all risks at first transfer of goods. The seller is required to clear goods through export only.

CARRIAGE AND INSURANCE PAID TO (CIP) - Seller delivers the goods to the carrier or named person at an agreed location. The seller contracts to pay for carriage to the agreed location and cost for insurance. The seller is required to clear goods through export only.

DELIVERED AT TERMINAL (DAT) - Seller delivers and unloads goods at a named terminal. The seller assumes all risks associated with delivering and unloading the goods at the terminal. The seller is required to clear goods through export only.

DELIVERED AT PLACE (DAP) - Seller pays for carriage to the named place and assumes all risks prior to the point that the goods are ready for unloading by the buyer. The seller is required to clear goods through export only.

RULES FOR SEA AND INLAND WATERWAY TRANSPORTATION

FREE ALONGSIDE SHIP (FAS) - Seller delivers goods placed alongside a vessel at the named port nominated by the buyer. Seller bears all costs associated with transport until the goods are alongside the vessel, buyer assumes risks from that point forward. The seller is required to clear goods through export only.

FREE ON BOARD (FOB) - Seller delivers and loads the goods on the vessel nominated by the buyer. The seller bears all costs associated with transportation. All risks are assumed by the buyer after the point of delivery and unloading. The seller is required to clear goods through export only.

COST AND FREIGHT (CFR) - Seller delivers the goods on board the vessel. The seller contracts to pay for the cost of freight to move the goods to the port of destination. Risks are passed at the point of delivery on board the vessel. The seller is required to clear goods through export only.

COST INSURANCE AND FREIGHT (CIF) - Seller delivers the goods on board the vessel. The seller contracts for the cost of freight to move the goods to the port of destination. The seller also contracts and pays for the cost of insurance. The seller is required to clear goods through export only.

WHAT YOU GET WITH A.B.S


FAST SERVICE

We understand that sometimes you need immediate service. We worked hard to make sure we can accommodate your quick requests by having the right staff and flexible scheduling.

MODERN VEHICLE FLEET

All vehicles are equipped and updated to maintain the most recent regulations

CUSTOMS SERVICES

Customs Entry Clearance Transit Licenses Export Documentation

ONLINE TRACKING

All our clients have direct access to our systems via a client portal website.