The information provided here is part of Export import business Course online
The Exporter and Importers may use latest version of Inco Terms 2020 for movement of their goods. Click here to read the content of Incoterms 2020, easily explained
How to Differentiate DAF/DES/DEQ/DDU?
What is DAF in shipping terms?
Can I use DAF delivery terms now? Is DAF terms valid in international trade? When does DAF term of shipping apply? When does risk pass from seller to buyer in DAF terms? Has DAF terms of delivery validity after Inco terms 2010?
How does DAF term of shipping work?
DAF means Delivered at Frontier (named delivery place). DAF terms of delivery had been using for transportation of goods by rail or road. The seller is responsible to deliver goods at the frontier place mentioned in the contract. The frontier means, the border between two countries. All costs up to frontier meet by seller. The buyer pays all other expenses and risk of unloading materials, customs clearance and transportation up to the buyer’s premise.
The shipping term DAF had been widely using till 2010. However, the said term has been deleted in Inco Terms 2010 when modifying International commercial Terms 2000. DAF can be used now also if required as delivery terms by mentioning in contract that the terms are ‘subjected to Inco Terms 2000’. The term DAF has not been being used now a days widely.
What is DES in shipping terms?
Can I use DES delivery terms now? Is DES terms valid in international trade? When does DES term of shipping apply? When does risk pass from seller to buyer in DES terms? Has DES terms of delivery valid after Inco terms 2010?
How does DES delivery term work?
DES means Delivered Ex Ship (at named port of delivery). The seller (exporter) bears all costs and risks to deliver goods at named port of delivery mentioned in contract. The goods are made available to unload at the carrier. The expenses of unloading, customs clearance and transportation to buyer’s premise have to be absorbed by buyer at his own cost and risk.
The shipping term DES had been widely using till 2010. However, the said term DES has been deleted in Inco Terms 2010 when modifying International commercial Terms 2000. DES can be used now also if required as delivery terms by mentioning in contract that the terms are ‘subjected to Inco Terms 2000’. The term DES has not been being used widely now a days.
The Exporter and Importers may use latest version of Inco Terms 2020 for movement of their goods. Click here to read the content of Incoterms 2020, easily explained
What is DEQ in shipping terms?
Can I use DEQ delivery terms now? Is DEQ terms valid in international trade? When does DEQ term of shipping apply? When does risk pass from seller to buyer in DEQ terms? Has DEQ terms of delivery valid after Inco terms 2010?
How does DEQ delivery term work?
DEQ means Delivered Ex Quay. In a DEQ terms of delivery, the responsibility of seller ends only after unloading the goods at the quay (wharf) of destination port contracted. From such point of quay, the buyer meets all expenses and risks to customs clear the goods and transportation to his premise.
The shipping term DEQ had been widely using till 2010. However, the said term DEQ has been deleted in Inco Terms 2010 when modifying International commercial Terms 2000. DEQ can be used now also if required as delivery terms by mentioning in contract that the terms are ‘subjected to Inco Terms 2000’. The term DEQ has not been being used widely now a days.
What is DDU in shipping terms?
Can I use DDU delivery terms now? Is DDU terms valid in international trade? When does DDU term of shipping apply? When does risk pass from seller to buyer in DDU terms? Has DDU terms of delivery valid after Inco terms 2010?
How does DDU delivery term work?
DDU means Delivered Duty Unpaid (up to named destination). Under DDU terms of delivery, the seller delivers goods to buyer to the named place of destination mutually agreed in contract. Under DDU terms, the seller is responsible for making safe delivery at his on costs and risks. The import tax or duties and other import customs clearance expenses are under the account of buyer under DDU terms.
The shipping term DDU has been deleted in Inco Terms 2010 by modifying International commercial Terms 2000. DDU can be used now also if required as delivery terms by mentioning in contract that the terms are ‘subjected to Inco Terms 2000’. Although Inco Terms 2010 deleted the term DDU, this shipping term has been being continued now a days widely.
Do you have different thought on DAF/DES/DEQ/DDU?
The Exporter and Importers may use latest version of Inco Terms 2020 for movement of their goods. Click here to read the content of Incoterms 2020, easily explained
The above information is a part of Online international business guide course
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