Different stage where risks and costs transfer from Seller to Buyer under Incoterms 2020
Warehouse services
Marking and labeling
Packing of Goods
Loading at Seller’s premises
Transportation from Seller’s premises to Load port
Unloading at Port named
Loading to Vessel/Aircraft
Export documentation
Export Customs Clearance
Export Taxes and duties (if any)
Handling Charges at Load Port
Main Carriage (Ocean Freight/Airfreight)
Unloading from Vessel/Aircraft
Destination Port Handling
Import Customs Clearance
Import Documentation
Import Taxes and Duties (if any)
Transportation from destination port to named place
Unloading at named place
Insurance on movement of goods
Inco Terms for movement of goods is revised as Incoterms 2020. The importers and exporters are suggested to use the latest version. Click here to read the contents of Inco Terms 2020.
Learn practical problems and solutions in Exports and Imports
Click here to read latest Inco terms rules for delivery of goods
Banking rules related to Exports and Imports in India
How to open Letter of Credit, easily explained here
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