CFR terms the responsibility of buyer and seller

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Hot words：DDU CIF FAS DAP CPT CFR CIP FOB DAT EXW fraud DDP DAF DES DEQ Incoterms letter of credit bill of lading FCA

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Sources of information：未知Release time:2017-02-27 13:28　Reading times：次I would like to comment

First, the seller's liability:

1. the date or within the period stipulated in the contract, at the port of shipmentwill conform to the contract the goods on board the vessel, to the named port ofdestination, give the buyer sufficient notice;

2. clear the goods for export, export licence or other approval certificate;

3. responsible for the chartering and booking and pay the normal freight to the port of destination;

4. burden at the port of shipment of the goods across the ship's rail all costs andrisks;

5. provide a commercial invoice and the goods to the agreed port of destination, the usual transport document, electronic information or commercial invoice shall have the same effect;

6. According to the buyer's requirement, provide insurance information.

Second, the buyer's primary responsibility:

1. pay the price stipulated in the contract;

2. responsible for the goods for import, to obtain the import licence or other approval certificate;

3. is responsible for the shipment of goods across the ship's rail in Hong Kong allcosts and risks;

4. the receipt of goods stipulated in the contract, accept a transport document.

(1) taking into account the customs, risk and insurance, transportation, exchange rate changes and other factors, selecting trade terms of the exporting Party shall be carried out in a CIP-CIF-CPT-CFR-FCA-FAS-FOB order. Because if the exporter used CIF, CIP, CFR, CPT trade term-time, responsible for arranging transport and insurance by exporters, exporters can choose familiar their ship to their insurance company. This will help exporters informed of transport of goods, can effectively avoidthe occurrence of acts of obtaining export goods.

But when rates rise, overseas transport business are not familiar with, when local currency appreciation, exporters should use FOB, FCA, FAS terms. Overseas transport operations when tariffs fall trends, familiarity, expertise in freight and insurance premium calculations, devaluation of the local currency trend, national insurance rates when less expensive, export business should use CIF, CFR, CPT, CIP terms.

(2) taking into account the customs, risk and insurance, means of transport, exchange rate changes and other factors, selecting trade terms of the importing party should be carried out according to the order of FOB-FAS-FCA-CFR-CPT-CIF-CIP, because if shipping and insurance by the importer is responsible for, importers can choose familiar with their ship to their insurance company. So you can keep informed of cargo transportation, avoid carrier and the collusion of the exporting Party, reselling the goods in transit, acts of obtaining payment.

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