Incoterms 2000: ICC Official Rules for the Interpretation of by Icc Publishing

By Icc Publishing

EXW, FCA, FAS, FOB, CFR, CIF, CPT, CIP, DAF, DES, DEQ, DDU, & DDP. Incoterms are the professional ideas for the global interpretation of alternate phrases built less than the auspices of the foreign Chamber of trade, Paris, France. Incoterms are famous by means of the United countries fee on overseas alternate legislations because the international ordinary for such interpretation. Incoterms outline the tasks of patron and vendor for supply of products lower than revenues contracts. they're the authoritative textual content for settling on how charges and dangers are allotted to the events. those phrases are on a regular basis included into revenues contracts around the world and became a part of the day-by-day language of alternate. Incoterms 2000,the first revision in ten years, includes the legit ICC textual content of the 13 buying and selling phrases. It takes under consideration the most recent advancements in advertisement perform and modifies a few the current phrases bringing them into line to be used within the new millennium. such a lot revenues contracts drafted after January 1, 2000, will make connection with this most recent revision within the textual content in their agreement. Incoterms 2000 maintains a 60-year culture of the ICC and offers importers, exporters, legal professionals, transporters, insurers and scholars in the overseas area with a contemporary textual content reflecting the most recent alterations within the buying and selling surroundings. This new version features a full of life, up to date structure for ease-of-use and ease-of-reference. Incoterms 2000 may be the definitive textual content for all these engaged in foreign alternate and trade within the twenty first century.

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Sample text

A THE SELLER'S OBLIGATIONS A1 Provision of the goods in conformity with the contract Thöông maïi Vieät Nam 35 UCP 600 – INCOTERMS 2000 The seller must provide the goods and the commercial invoice, or its equivalent electronic message, in conformity with the contract of sale and any other evidence of conformity which may be required by the contract. A2 Licences, authorizations and formalities The seller must obtain at his own risk and expense any export licence and other official authorization or other documents and carry out, where applicable3, all customs formalities necessary for the export of the goods and for their transit through any country.

B6 Division of costs The buyer must pay 34 Thöông maïi Vieät Nam UCP 600 – INCOTERMS 2000 • all costs relating to the goods from the time they have been delivered in accordance with A4, including any costs of handling the goods in the port for subsequent transport or storage in warehouse or terminal; and • all additional costs incurred if he fails to take delivery of the goods when they have been placed at his disposal in accordance with A4, or to give notice in accordance with B7, provided, however, that the goods have been appropriated to the contract, that is to say, clearly set aside or otherwise identified as the contract goods; and • where applicable8, the cost of customs formalities as well as all duties, taxes and other charges payable upon import of the goods and for their subsequent transport.

B THE BUYER'S OBLIGATIONS B1 Payment of the price The buyer must pay the price as provided in the contract of sale. B2 Licences, authorizations and formalities The buyer must obtain at his own risk and expense any import licence or other official authorization and carry out, where applicable, all customs formalities necessary for the import of the goods. B3 Contracts of carriage and insurance a) Contract of carriage No obligation4. b) Contract of insurance No obligation5. B4 Taking delivery The buyer must take delivery of the goods when they have been delivered in accordance with A4.

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