Export Documentation

7393 words, 30 pages

Intro Sample...


Seller is required to obtain insurance only on minimum cover; additional coverage is responsibility of buyer or must be agreed between seller and buyer. Under CIP seller is also required to clear the goods for export.
Carriage Paid To (CPT) for Import Export Pakistan
It can be used for all modes of transport including multimodal transport. The seller pays for the freight to the named point of destination. The buyer pays for the insurance . The passing of risk occurs when the goods have been delivered into the custody of the first carrier.
Free Along Side (FAS) for Import Export Pakistan
Free Along Side (FAS) means that the seller pays for transportation of the goods to the port of shipment. The buyer pays loading costs, freight, insurance, unloading costs and transportation from the port of destination to his factory. The passing of risk occurs when the goods have been delivered to the quay at the port of shipment.
Free Carrier (FCA) for Import Export Pakistan
The seller delivers the goods into the custody of the first carrier, and this is where risk passes from seller to buyer. The buyer pays for the transportation. It can be used for all modes of transportation including multimodal transport, such as in shipping containers where the ship’s rail plays no relevant part in determining a shipping point. FCA is also the term to use in place of FOB for airfreight transactions.
Free On Board (FOB) for Import Export Pakistan
Free On Board (FOB) is also commonly but incorrectly referred to as “Freight on Board”. It means that the seller pays for transportation of the goods to the port of shipment, plus loading costs. The buyer pays freight, insurance, unloading costs and transportation from the port of destination to the factory. The passing of risks occurs when the goods pass the ship’s rail at the port of shipment. Internationally the term specifies the port of loading. Incoterms or internation View More »

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