Talk:Incoterms/Archives/2014

[Without subject]

The table was missing terms DES and DEQ. I have added them, but the Yes/No values need to be validated. Thanks. —Preceding unsigned comment added by 153.2.247.30 (talk) 13:29, 23 April 2008 (UTC)

For all the terms, who will be responsible for export documentation, licensing and clearance? Dody Nasution

For most but not all of them the seller arranges export clearance and the buyer import clearance. For details, read the individual terms on the ICC site. --Henrygb 12:54, 7 November 2005 (UTC)

FOB Antwerp doesn't seem to be included in this article. Was taugth that this is an exception to the general incoterms. --Drakuun 16:45, 06 November 2008 (CET)

The last sentence in the CIP definition looks wrong to me. It seems to be copied from the CPT one. It does not make sense that the seller pays for insurance to the named destination point, and then the risk passes from the seller to the buyer when the goods are handed over to the first carrier. I would have expected the correct wording to be "when the goods are received by the buyer from the last carrier, at the named destination point" or something to that effect. —Preceding unsigned comment added by 123.2.120.224 (talk) 10:30, 7 May 2009 (UTC)

No, it is correct. The insurance is paid to destination, the risk passes earlier.--As286 (talk) 19:42, 7 May 2009 (UTC)

The Delivered Duty Paid paragraph says "In most of the importing countries, taxes such as (but not limited to) VAT and excises should not be considered prepaid being handled as a 'refundable' tax. Therefore VAT and excises usually are not representing a direct cost for the importer since they will be recovered against the sales on the local (domestic) market." Huh? What does that mean? Is the seller responsible for paying the VAT or not? Those two sentences need rewriting badly! Rclocher3 (talk) 01:25, 18 March 2010 (UTC)

Perhaps there should be a small section of common variants of the incoterms?

It's pretty common to see for example "DDP Stockholm, excluding VAT". In mentioned term the buyer absorbs the VAT as it is not a cost for them per se, as it is a deductable tax if buyer have a registred VAT-number. However if the VAT is being charged back to seller in another country it is a non-deductable cost for the seller (you can not deduct tax from another country). Even when it is not specified, in my experience, the VAT is usually charged on buyer if possible. But as mentioned, perhaps there should be a small section of variants, or at least stated that it's common for the incoterms to be slightly modified (example; seller pays ALL "local" charges before airfreighted on FCA terms). — Preceding unsigned comment added by 194.237.126.6 (talk) 14:48, 9 January 2013 (UTC)

Why not make it a risk matrix of Buyer and Seller instead of Yes and No. The color coding can be still followed. What do you people think. Thakkudus 119.73.251.132 (talk) 03:52, 2 February 2011 (UTC)

Incoterms 2010

It seems the table and the image (diagram) need to be updated. According to me the image contains some mistakes: CIF, CFR, CPT and CIP should be on the RIGHT side of the diagram. Is that correct? Also, an image of an Airplane could be added? E-pen (talk) 12:31, 17 November 2010 (UTC)

What is the difference between packing and packaging.

SK —Preceding unsigned comment added by 122.170.13.116 (talk) 06:44, 17 December 2010 (UTC)

Outdated terms have been deleted, an updated wallchart has been added --Igorch (talk) 17:37, 5 March 2011 (UTC) packing may refer to loading, while packaging may refer to the preparation of goods for shipment. they could mean the same thing, depending on your vocabulary. — Preceding unsigned comment added by 81.115.48.180 (talk) 13:34, 17 July 2013 (UTC)

Incoterms Update

The table is completely wrong. — Preceding unsigned comment added by 80.88.253.187 (talk) 10:29, 6 October 2013 (UTC) Agree with above. There seems to have been numerous changes on the table since around october 2013 and the column names are now completely misguiding and many of the terms are completely wrong. I'm not good in doing tables on here, but this now needs some serious cleaning up and going back to how it was! (Edit, fixed it and revert the table to the old stykle which is correct) — Preceding unsigned comment added by 213.115.56.194 (talk) 11:05, 18 February 2014 (UTC)

Incoterms should be updated??? —Preceding unsigned comment added by 187.146.252.192 (talk) 19:25, 26 January 2011 (UTC)

DDP: insurance paid by buyer??

According to http://de.wikipedia.org/wiki/Incoterms#Incoterm-Codes_2010 the insurance (Versicherung) should be paid by the seller, not by the buyer. Could anyone check this please? —Preceding unsigned comment added by 80.245.195.194 (talk) 12:17, 21 February 2011 (UTC)

Correct: seller... —Preceding unsigned comment added by 200.13.184.14 (talk) 21:50, 13 April 2011 (UTC)

The insurance is technically covered by the Seller, but generally the seller charges the buyer for it on the invoice. —Preceding unsigned comment added by 173.10.113.77 (talk) 22:07, 27 April 2011 (UTC)

The table is still wrong, or at least unclear. Who pays for the insurance, or even whether there is insurance, isn't so important, it's who covers the risk. DDP is the seller's risk, all the way.
According to http://www.worldclassshipping.com/incoterm_ddp.html "Delivered duty paid" means that the seller fulfils his obligation to deliver when the goods have been made available at the named place in the country of importation. The seller has to bear the risks and costs, including duties, taxes and other charges of delivering the goods thereto, cleared for importation. DDP represents the maximum obligation."
While the buyer of course pays for the insurance somehow, the responsibility of delivery, and risk of loss, rests with the seller. Thomasonline (talk) 17:12, 13 February 2014 (UTC)

Table of Incoterms

The table got deleted. I don't see stated here a reason why, but I always thought that was the most useful incoterms representation I'd seen, so I put it back. Karlmartinnova (talk) 20:59, 31 May 2012 (UTC)

Santhanam Updated mama biscothu........... — Preceding unsigned comment added by 14.140.237.18 (talk) 09:34, 27 July 2012 (UTC)

The table, and list of incoterms were again deleted (19th Sep 2012). I was unable to find any comment or reason explaining this and have undone the edits (20 Sep 2012) — Preceding unsigned comment added by 2001:470:1F04:158F:0:0:0:2 (talk) 04:26, 20 September 2012 (UTC)

The table has been deleted again. Can anyone re-insert it? I found it very helpful! Fisher1981 (talk) 15:47, 14 November 2012 (UTC)

The table for for DAT (Delivery at Terminal) is incorrect as regards "Carriage to place of destination". Under DAT this is Seller's responsibility, not Buyers. — Preceding unsigned comment added by 86.188.199.50 (talk) 16:09, 12 December 2012 (UTC)

I think the table for DAT can be confusing, as the "carriage to place of destination"-part of the table usually covers the final carriage from port/airport to the buyers premises. DAT does not include that. DAT includes (if any) transport from port to terminal, and that part of the transport is many times covered by the main carriage. — Preceding unsigned comment added by 194.237.126.6 (talk) 14:50, 7 January 2013 (UTC)

Somone has messed up the table big time!!! I'm not very good of fixing tables on here. The wording of the columns have been changed to something new, and what, FOB mean you pay customs clearance and transport to deliver adress!??? Table is ompletely misguiding!!! (EDIT. Fixed it and reverted to the old style, whcih is correct) — Preceding unsigned comment added by 213.115.56.194 (talk) 10:47, 18 February 2014 (UTC)

yes this page has been changed to suit peoples needs i believe, perhaps in arguments over who should pay for what in a trade. i have a copy of the 2010 incoterms book- will keep a close eye on this page for the next 6 months and make edits where required. — Preceding unsigned comment added by Incoterms master (talk • contribs) 00:17, 18 May 2014 (UTC)

DDP - Duty

Is duty applied to just the product or to the Product + freight. — Preceding unsigned comment added by 125.215.167.163 (talk) 05:39, 5 September 2012 (UTC)

There could of course be local variants, as this is determined by destination country's customs rules, but in general the duty is calculated on the product + freight. A prepaid shipment is generally customs cleared with use of a commercial invoice that covers both product value and the freight. A collect shipment is generally customs cleared with the use of the commercial invoice that covers only the product value. The freight is then added to get the "customs value" with use of freight documents, for example airwaybills. — Preceding unsigned comment added by 194.237.126.6 (talk) 14:08, 7 January 2013 (UTC)

UCC FoB (contrast Incoterms)

Does anyone have a citation for UCC removing FOB? Eanmatthews (talk) 11:12, 4 September 2013 (UTC)

can't even view without paying

Maybe something should be incorporated into this article about the fact that the ICC apparently won't even let individuals view an official copy of the incoterms without paying a fee, which is perhaps one of the most atypical and absurd policies in this modern era. --62.85.60.2 (talk) 23:47, 4 May 2014 (UTC)

cpt - WHOEVER WROTE THE DESCRIPTION IS NOT WELL INFORMED

if seller sells goods to buyer under cpt terms seller is responsible for paying freight to destination port/airport - end of story — Preceding unsigned comment added by 115.186.241.194 (talk) 06:46, 12 May 2014 (UTC)

section re-written - has my tick of approval — Preceding unsigned comment added by 139.218.177.217 (talk) 10:54, 12 May 2014 (UTC)