4. incoterms internationally accepted commercial terms that clearly allocate transportation and other costs, risks, customs, and insurance responsibilities between seller and buyer first developed by the International Chamber of Commerce in 1936 INternational COmmercial TERMS
5. incoterms 13 terms clarify when the ownership of the merchandise takes place used in conjunction with a sales agreement or other method of transacting the sale independent of contract for carriage of goods
11. Addendums are possible… CIF (named point) plus export packing is an example (export packing is normally seller’s responsibility) 13 Terms International Carriage Paid by the Seller
15. Terms of Sale - point in time and geography when things change…
16. Point of title transfer Risk of product loss Transportation Cost of the product Movement facilitation costs Terms of Sales Issues
17. Logistics Manager role take active role as these decisions impact costs and service quality should be involved in establishing policies regarding terms of sales (and purchases)
18. Should specify Incoterms, year, named points as appropriate Specify temporary exclusions over which seller has no control …force majeure…wars, natural calamities, labour strikes, etc.
41. If negotiable BOL..and is endorsed..title is transferred operates as a sight draft - payment must be made before goods turned over to buyer Ocean Bill of Lading
42.
43. also depends on country from which goods originateCertificate of Origin
67. Validated Export License a government-issued document that authorizes the export of controlled commodities to a specified foreign country within a specified time period Source: chagatrade.ru
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