logging in or signing up import-export procedure yoman Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 14149 Category: Education License: All Rights Reserved Like it (2) Dislike it (6) Added: December 30, 2008 This Presentation is Public Favorites: 1 Presentation Description incoterm Comments Posting comment... By: bdsona (32 month(s) ago) Thunk U Saving..... Post Reply Close Saving..... Edit Comment Close By: bdsona (32 month(s) ago) Thunk U Saving..... Post Reply Close Saving..... Edit Comment Close Premium member Presentation Transcript IMPORT AND EXPORT PROCIDURE : IMPORT AND EXPORT PROCIDURE PROJECT ON : INCOTERM GROUP MEMBERS Names Roll NO Nikhil Kabre 35 Dhiraj kadam 36 Incoterm(International commercial term) : Incoterm(International commercial term) INCOTERMS serve as a good guide in this regard as they spell out the "critical point" which determines the passing of risk (of loss or damage to the goods) from the Seller to the Buyer. Commercial Terms are a series of international trade terms that are used are used worldwide to divide he transaction costs and responsibilities between the seller and the buyer and reflect state-of-the-art transportation practices. Slide 4: Published by the International Chamber of Commerce (ICC) with its Head Quarters in Paris the present INCOTERMS 2000 have 13 terms 1953,1967,1980,1990 and 2000 are different type of Incoterm WHAT INCOTERMS ARE NOT : THEY ARE NOT PART OF THE CONTRACT FOR CARRIAGE THEY ARE NOT USED TO TRANSFER PROPERTY RIGHTS OR TITLE THEY ARE NOT USED TO NAME A CARRIER THEY ARE NOT USED TO DETERMINE THE THE EFFECT OF BREACH OF CONTRACT CASES WHAT INCOTERMS ARE NOT Incoterm Groups : Incoterm Groups “E” TERMS - DEPARTURE “F” TERMS – MAIN CARRIAGE UNPAID “C” TERMS – MAIN CARRIAGE PAID “D” TERMS - ARRIVAL Incoterm description : Incoterm description EXU, FCA, FAS, FOB, CFR, CIE, DEQ, DDP, Etc……. Important points About INCOTERM : Important points About INCOTERM Slide 9: These deal with passing of RISK and not TITLE over goods or similar issues. - These are not a substitute to a full Contract of Sale They do not have force of law unless the Contract of Sale mentions INCOTERMS 2000. For example: FOB (INCOTERM 2000) - Except in the case of CIF and CIP, insurance is not mandatory. For instance an FOB Seller should not take for granted that the Buyer has insurance for the overseas voyage. - Unless otherwise mentioned in the credit, CIF or CIP Seller is not under obligation to arrange an All Risks insurance. Slide 10: - With containerisation and use of RO vessels, the traditional ships rail as a point of division of risks and costs are no more relevant. Seller's and Buyers should be aware of the consequences of using a wrong term. - Under CIF or CIP, the Seller is obliged to obtain insurance on port to port basis. If you want cover extending period of insurance from port to the final warehouse inland, please request your Seller to do this. Otherwise if a separate insurance is required from port of discharge to the final place (e.g., Mumbai Port to Thane, your local Insurer would be a bit concerned with concealed damage or loss during the ocean voyage which was not insured with them! THANK YOU : THANK YOU You do not have the permission to view this presentation. In order to view it, please contact the author of the presentation.
import-export procedure yoman Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 14149 Category: Education License: All Rights Reserved Like it (2) Dislike it (6) Added: December 30, 2008 This Presentation is Public Favorites: 1 Presentation Description incoterm Comments Posting comment... By: bdsona (32 month(s) ago) Thunk U Saving..... Post Reply Close Saving..... Edit Comment Close By: bdsona (32 month(s) ago) Thunk U Saving..... Post Reply Close Saving..... Edit Comment Close Premium member Presentation Transcript IMPORT AND EXPORT PROCIDURE : IMPORT AND EXPORT PROCIDURE PROJECT ON : INCOTERM GROUP MEMBERS Names Roll NO Nikhil Kabre 35 Dhiraj kadam 36 Incoterm(International commercial term) : Incoterm(International commercial term) INCOTERMS serve as a good guide in this regard as they spell out the "critical point" which determines the passing of risk (of loss or damage to the goods) from the Seller to the Buyer. Commercial Terms are a series of international trade terms that are used are used worldwide to divide he transaction costs and responsibilities between the seller and the buyer and reflect state-of-the-art transportation practices. Slide 4: Published by the International Chamber of Commerce (ICC) with its Head Quarters in Paris the present INCOTERMS 2000 have 13 terms 1953,1967,1980,1990 and 2000 are different type of Incoterm WHAT INCOTERMS ARE NOT : THEY ARE NOT PART OF THE CONTRACT FOR CARRIAGE THEY ARE NOT USED TO TRANSFER PROPERTY RIGHTS OR TITLE THEY ARE NOT USED TO NAME A CARRIER THEY ARE NOT USED TO DETERMINE THE THE EFFECT OF BREACH OF CONTRACT CASES WHAT INCOTERMS ARE NOT Incoterm Groups : Incoterm Groups “E” TERMS - DEPARTURE “F” TERMS – MAIN CARRIAGE UNPAID “C” TERMS – MAIN CARRIAGE PAID “D” TERMS - ARRIVAL Incoterm description : Incoterm description EXU, FCA, FAS, FOB, CFR, CIE, DEQ, DDP, Etc……. Important points About INCOTERM : Important points About INCOTERM Slide 9: These deal with passing of RISK and not TITLE over goods or similar issues. - These are not a substitute to a full Contract of Sale They do not have force of law unless the Contract of Sale mentions INCOTERMS 2000. For example: FOB (INCOTERM 2000) - Except in the case of CIF and CIP, insurance is not mandatory. For instance an FOB Seller should not take for granted that the Buyer has insurance for the overseas voyage. - Unless otherwise mentioned in the credit, CIF or CIP Seller is not under obligation to arrange an All Risks insurance. Slide 10: - With containerisation and use of RO vessels, the traditional ships rail as a point of division of risks and costs are no more relevant. Seller's and Buyers should be aware of the consequences of using a wrong term. - Under CIF or CIP, the Seller is obliged to obtain insurance on port to port basis. If you want cover extending period of insurance from port to the final warehouse inland, please request your Seller to do this. Otherwise if a separate insurance is required from port of discharge to the final place (e.g., Mumbai Port to Thane, your local Insurer would be a bit concerned with concealed damage or loss during the ocean voyage which was not insured with them! THANK YOU : THANK YOU