| Word / phrase |
Explain |
| DDU |
Delivered Duty Unpaid |
DDU's English is " Delivered Duty Unpaid ( ... Named Place of Destination )", that is, " Unpaid Delivery ( ... Designated Destination" ). It means that the seller will deliver the prepared goods at the place designated by the importing country, and shall bear all the costs and risks of transporting the goods to the designated place ( excluding customs duties, taxes and other official fees payable upon import ), in addition, the seller shall bear the costs and risks of handling customs formalities. The difference between DDP trade terms and DDU trade terms is that DDU does not pay taxes, similar to EXW trade terms. |
| FAS |
Free Along Ship |
According to the interpretation of General Principles 2010, the contract is concluded in FAS terms, and the seller is required to deliver the goods specified in the contract to the ship side designated by the buyer at the designated port of shipment within the agreed time and complete the delivery obligation at the ship side. The risks and expenses borne by both buyers and sellers are bounded by the ship's edge. If the ship dispatched by the buyer cannot land, the seller shall be responsible for transporting the goods to the side of the ship by barge and still delivering the goods on the side of the ship. The responsibility and cost of shipment shall be borne by the buyer. |
| DDP |
Delivered Duty Paid |
DDP means that the " delivered duty paid ( ... designated destination )" seller must bear all risks and expenses of transporting the goods to the designated destination, including any " taxes" payable at the destination when customs formalities are required ( including the responsibilities and risks of customs formalities, as well as fees, duties, taxes and other expenses ).
The seller bears the minimum responsibility under EXW terms, while the seller bears the maximum responsibility under DDP terms.
If the seller cannot obtain the import license directly or indirectly, this term should not be used.
However, if the parties wish to exclude from the seller's obligations all expenses ( such as value-added tax ) to be paid at the time of any import, it shall be clearly stated in the sales contract. If the parties want the buyer to bear the risks and costs of import, DDU terminology should be used. |
| DAT |
Delivered at Terminal |
DAT is a new term for Incoterms 2010 and is intended to replace DEQ term in Incoterms 2000. " Transport Terminal" means any location within the importing country, regardless of whether the location is covered, such as docks, warehouses, container yards or roads, railways and air cargo terminals.
When DAT terms are used, the seller delivers the goods at the transportation terminal of the designated port or destination. And the seller is responsible for unloading the goods from the arriving means of transport, which is similar to DEQ in Incoterms 2000. However, the DEQ term is to deliver goods at the port of destination, and the seller's responsibility is limited to transporting the goods to the port of destination and unloading them to the port of destination, and he is not responsible for transporting the goods from the port to other places. Although the delivery place of DAT is no longer restricted by the wharf, the seller's responsibility is still to deliver the goods to the transportation terminal agreed in the contract. DAP or DDP terms should be used if both parties want the goods to be transported by the seller from the transportation terminal to another place and bear the risks and expenses in between. |
| CIP |
Carriage ,Insurance Paid to |
CIP ( Carriage and Insurance Paid To ) means that the seller delivers the goods to its designated carrier, during which the seller must pay the freight for transporting the goods to the destination and insure the buyer's goods against the risk of loss or damage in transit. That is, the buyer bears all the risks and extra expenses after the seller delivers the goods. |
| CPT |
Carriage paid to |
CPT means " freight paid to ( ... designated place )". CPT trade term means that the seller delivers the goods to its designated carrier, but the seller must also pay the freight for transporting the goods to the destination. CPT term means that the buyer bears all risks and other expenses after delivery.
" Carrier" means any person who, in a contract of carriage, undertakes to carry out the carriage by rail, road, air, sea, inland waterway or a combination of the above. If the goods are also transported to the agreed destination using the carrier receiving them, the risk is transferred from the time the goods are handed over to the first carrier. |
TEL / FAX：0086-27-63499520
MAILBOX：htwang@wills56.com
ADD：Room 12B12,14F,World Center,No.780 ,Gaoxin Avenue. Wuhan Free Trade Zone, Hubei, China.
Pay attention to us