CIF
( Cost,
Insurance and Freight )
This
arrangement similar to CFR,
but instead of the buyer insuring
the goods for the maritime phase
of the voyage, the shipper/seller
will insure the merchandise.
In this arrangement, the seller
usually chooses the forwarder.
"Delivery" as above,
is accomplished at the port
of destination.
DDU
( Delivered Duty
Unpaid )
This
arrangement is basically
the same as with
DDP, except for
the fact that the
buyer is responsible
for the duty, fees
and taxes.
DEQ
( Delivered Ex Quay
)*
In
this arrangement,
the buyer/consignee
is responsible for
duties and charges
and the seller is
responsible for
delivering the goods
to the quay, wharf
or port of destination.
In a reversal of
previous practice,
the buyer must also
arrange for customs
clearance.
DES
( Delivered Ex Ship
)
In
this type of transaction,
it is the seller's
responsibility to
get the goods to
the port of destination
or to engage the
forwarder to the
move cargo to the
port of destination
uncleared. "Delivery"
occurs at this time.
Any destination
charges that occur
after the ship is
docked are the buyer's
responsibility.
DAF
( Delivered At Frontier
)
Here
the seller's responsibility
is to hire a forwarder
to take goods to
a named frontier,
which usually a
border crossing
point, and clear
them for export.
"Delivery"
occurs at this time.
The buyer's responsibility
is to arrange with
their forwarder
for the pick up
of the goods after
they are cleared
for export, carry
them across the
border, clear them
for importation
and effect delivery.
In most cases, the
buyer's forwarder
handles the task
of accepting the
goods at the border
across the foreign
soil.
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