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3 most common international trade terms
Time of publication:2020-02-25     Reading times:     Font:【largecentresmall

1.EXW – ex works

1 in the process of ex works delivery, the buyer will bear almost all the expenses and risks.

2 the seller only ensures delivery of the goods to the buyer.

3 once the buyer enters the factory and begins to take delivery of the goods, it will be responsible for all goods disposal matters (including loading of goods) by itself

At this point, the buyer will begin to bear all the risks:

Whether in the seller's warehouse, office or other place of delivery.

2.DAP – delivery at destination

1 the Seller shall bear all expenses and risks in the process of transporting the goods to the agreed place.

2 the goods are considered to have been delivered when they are ready to be unloaded after they have arrived at the agreed place.

3 in the process of export and import, the responsibilities of the buyer and the seller are the same as those when the goods are delivered at the transportation terminal (DAT).

At this point, the buyer will begin to bear all the risks:

When the goods are ready to be unloaded at the agreed place.

3.DDP – delivery after tax

1 the seller will bear almost all the responsibilities during the whole delivery process.

2 the Seller shall bear all expenses and risks in the process of transporting the goods to the agreed place.

3 the Seller shall ensure that the goods can be unloaded, bear corresponding responsibilities and pay all taxes during the export and import of goods.

At this point, the buyer will begin to bear all the risks:

When the goods are ready to be unloaded at the agreed place.

DAP (Delivered at Place) is a new term of 2,010 general rules, DDU is a term of 2,000 General rules, and there is no DDU in 2010.

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