出访英伦Episode 16 Terms of Contract.ppt

Episode 16 Terms of Contract Question: 1 what does’s FOB means? 2 When does the demurrage or dispatch happen? Trade Terms: It is a certain kind of international trade practice that divides up the costs, risks and responsibilities of the transport of the goods between the buyer and the seller. International Rules for the Interpretation of Trade Terms (INCOTERMS) The seller must: 1 Supply the goods in conformity with the contract. 2 Deliver the goods on board the vessel named by the buyer, at the named port of shipment with the time of shipment, and notify the buyer, without delay, that the goods have been delivered on board. 3 At his own risk and expense obtain any export license or other governmental authorisation necessary for the export of the goods. 4 Bear all costs and risks of the goods until the goods pass over the ship’s rail at the named port of shipment. 5 Provide the buyer on request and at buyer’s expense with the Certificate of Origin, and offer any assistance to obtain Bills of Lading and other necessary documentation. The buyer must: 1 At his own expense, charter a vessel or reserve the necessary space on board a vessel and give the seller due notice of the name, loading berth of and delivery dates to the vessel. 2 Bear all costs and risks of the goods from the time when they pass over the ship’s rail at the named port of shipment, and pay the price as specified in the contract. 3 Pay all cost to the seller to obtain Bills of Lading , Certificate of Origin and any other documentation required. 4 Bear any additional costs and all the risks of goods incurred because the vessel named by the buyer shall have failed to arrive on the stipulated date, or shall be unable to take the goods. Variants of FOB Terms FOB Liner Terms It means that all the loading and unloading expenses are to be borne by the party who pays the freight. FOB Under Tackle This terms only requires the seller to send and place the goods on t