Incoterms commonly used in ceramic export

1. Incoterms: Incoterms, also known as “International Commercial Terms”, are a set of internationally recognized trade terms used in conjunction with international sales contracts. Incoterms are designed to help importers, exporters, lawyers and transport companies understand clearly which tasks, costs, and risks belong to which party involved in the international transaction.

2. FCA – Free Carrier: An agreement under which the seller delivers to the buyer once the buyer has been designated a carrier, said carrier being agreed upon by both parties. The seller is responsible for the costs of loading the cargo and the buyer is responsible for unloading the cargo.

3. FAS – Free Alongside Ship: An agreement in which the seller is responsible for the cost of loading the cargo onto the vessel at the port of loading, but all risks and costs relating to the transportation of the cargo are transferred to the buyer.

4. FOB – Free On Board: An agreement in which the seller is responsible for the cost of loading the cargo onto a vessel, but the buyer is responsible for any risks and costs associated with the transportation of the cargo.

5. CIF – Cost, Insurance and Freight: An agreement in which the seller is responsible for the cost of loading the cargo onto a vessel, the costs of insurance and transportation, but the buyer is responsible for the risks and costs of unloading the cargo.

6. CFR – Cost and Freight: An agreement in which the seller is responsible for the cost of loading the cargo onto a vessel, the cost of transportation, but the buyer is responsible for the risks and costs of unloading the cargo.

7. EXW – Ex-Works: An agreement in which the seller is responsible for making the cargo available at their premises, but no other services or costs are included in the agreement. All risks and costs associated with the transport of the cargo are transferred to the buyer.

8. DDU – Delivered Duty Unpaid: An agreement in which the seller is responsible for the transport of the cargo up to its final destination, but the buyer is responsible for all duties and taxes.

9. DDP – Delivered Duty Paid: An agreement in which the seller is responsible for the costs of loading the cargo onto the vessel, the cost of transportation, the cost of insurance and the cost of duties and taxes. All risks and costs associated with the transport of the cargo are transferred to the seller.

Ceramic Export International Trade Terms

Export of ceramics is becoming a major part of the international trade market. With more and more ceramic manufacturers entering the global market, they need to be aware of certain international trade terms that they may be exposed to during their shipments. Here are some of the common terms that are used in the ceramics export sector:

1. Ex-Works – This term, abbreviated as “EXW”, specifies that the seller is responsible for making the product available at their facility and does not include any additional services. As such, the buyer must organize their own transport and arrange for any custom clearances and liabilities.

2. Free On Board – Often written as FOB, this term means that the buyer is responsible for all costs and risks up to loading the product at the point of origin. This includes premises, loading dock fees, effort of loading, and other related costs. After loading, responsibility shifts to the buyer.

3. Cost, Insurance, and Freight – This is often abbreviated as CIF and means that the seller is responsible for the cost plus freight and insurance necessary to get the goods to the final destination.

4. Delivery Duty Paid – This term, abbreviated as DDP, specifies that the seller is responsible for all costs and risks involved in getting the products from the point of origin to the final destination. The seller pays both the cost of the goods and is responsible for the custom clearances and liabilities.

5. Free Carrier – This abbreviation, written as FCA, specifies that the seller is responsible for delivering the goods to the logistics facility that the buyer has specified. All costs of getting the product to the facility will be paid by the seller, including any packaging and insurance costs.

These are just a few of the common terms used in the ceramic export industry. Its important to be aware of all of the terms used during the international trade process in order to make sure that your shipments run smoothly and you receive the products you have paid for.