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Incoterms - RIVA ADRIA LOGISTIC

Incoterms or parities represent terms of international trade that are most often used in everyday practice. They are used to divide costs and responsibilities between the buyer and the seller. They are based on the United Nations Convention on International Trade Treaties.

the seller sells the goods ex-factory without covering any further costs

(at the designated place): the seller hands the goods cleared for export into the hands of the carrier designated by the buyer at the designated place. This parity is suitable for all types of transport, including air, road and container, i.e. multi-modal transport

(at the designated port): the seller must bring and place the goods next to the ship, ready for loading at the designated port. The seller must also clear the goods for export and prepare all the papers necessary for transport

(at the designated port): the seller must load the goods on the ship designated by the buyer, cleared for export. This is a very often used parity in shipping

(to the designated port): the seller must pay the transportation costs to the designated port. However, the risk is transferred to the buyer at the moment when the goods are physically separated from the ship

(to designated port): this parity is the same as CFR with the additional condition that the seller must cover the insurance costs for the buyer as well

(to the specified destination): the seller bears all the costs of transportation to the specified destination, however, the risk is transferred by handing over the goods to the first carrier.

(to the designated destination): this parity is the same as CPT with the addition of the seller’s obligation to cover insurance costs. However, even in this case, the risk is transferred by handing over the goods to the first carrier

the seller covers the costs of transportation to the designated terminal in the port or place of plenty, excluding the costs of export customs clearance. The risk falls on the seller until the goods are unloaded at the terminal. It is up to the buyer to organize customs clearance and other customs formalities as well as transport from the terminal to the final destination. Risk is transferred at the terminal

the seller bears the costs of delivering the goods to the specified destination, excluding the costs of import customs clearance. The risk is transferred to the buyer at the time of unloading at the designated destination

(to the specified destination): the seller covers all the costs of transportation and customs clearance of the goods as well as the costs of customs and related taxes and bears all the risk until the goods are delivered.

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