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

1. EXW - ex works

1. In the process of factory delivery, the buyer will bear almost all the costs and risks.

2. The seller only guarantees to deliver the goods to the buyer.

3. Once the buyer enters the factory and begins to pick up the goods, he will be responsible for all the disposal of the goods (including loading the goods)

At this point, the buyer will begin to take 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. When the goods arrive at the agreed place and are ready for unloading, they are deemed to have been delivered.

3. In the process of export and import, the buyer and the Seller shall bear the same responsibilities as in the case of dat.

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

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


3. DDP - delivery after duty paid

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

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 in the process of goods export and import.

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

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

DAP (delivered at place) is a new term of general rule 2010. DDU is a term of general rule 2000. There is no DDU in 2010.


 
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