Archive
Trade Terms
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DAP or DDP for frozen food: which should we use?
For frozen imports into the EU, DAP at a named cold store usually beats DDP: the buyer clears import and VAT, while…
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Who pays demurrage when a reefer waits?
The reefer waiting charge is paid to the carrier by whoever contracted the carriage, then recovered from whoever caused the delay. How…
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Who owns the temperature risk under FCA?
Under FCA at the seller’s premises, risk passes once goods are loaded on the buyer’s vehicle. What that means for reefer pre-cooling…
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Who is the importer of record, and does the Incoterms rule decide it?
The importer of record declares goods to EU customs and carries food law duties. Why the Incoterms rule does not decide who…
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RFQ (Request for Quotation)
An RFQ, or Request for Quotation, is the buyer’s formal invitation to suppliers to quote price and conditions for a specified product,…
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Sea Freight
Sea freight is the transport of goods in containers aboard ocean vessels and is the dominant mode for intercontinental food and agricultural…
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Transit Time
Transit time is the duration of transport from the point of loading to the point of delivery, excluding order preparation, and directly…
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Customs Clearance
Customs clearance is the process by which goods are formally declared to customs authorities, duties and taxes are assessed and paid, and…
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DDP (Delivered Duty Paid)
DDP (Delivered Duty Paid) is an Incoterms 2020 rule under which the seller bears all costs and risks of delivering goods to…
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Demurrage
Demurrage is a charge levied by a shipping line or terminal when a loaded container remains at the port beyond the contractually…