To determine delivery terms for who is responsible for the transport, insurance and the risk if something goes wrong, the standardized trade terms Incoterms and Combiterms are used.
Incoterms and Combiterms
Incoterms is a collection of international delivery terms that are used both within Sweden and internationally. Combiterms is a Swedish supplement to Incoterms used in Sweden.
What is Incoterms?
Incoterms (International commerce terms) are a set of international trade terms on how goods transport costs and responsibilities should be distributed between buyer and seller. They are fundamental in international trade transactions and cover matters relating to deliveries between buyers and sellers. This includes how the goods are to be transported, who pays for what, import and export clearance, and who bears the risk at different parts of the journey.
What is Combiterms?
Combiterms (combined delivery terms) are a set of Swedish trade terms developed by the Swedish Transport Industry Association. Combiterms is not an independent set of rules for delivery conditions, but is used as a supplement to Incoterms to better clarify who is responsible for certain costs, and for which distances. They offer guidance on Incoterms delivery terms and cost headings with the associated three-digit code. Combiterm's main function is to combine the delivery terms with a clear system for the distribution of costs between buyers and sellers.
DDU (Delivered Duties Unpaid) is an incoterm which means that the seller delivers the goods when they are available, not unloaded, not cleared for import at the specified location. The seller is responsible for all costs and risks until then with the exception of customs handling. The term can be used regardless of the mode of transport. The transport document, the transport risk and the cost of the goods transport are transferred when the goods are at the buyer's disposal at the place specified by the buyer. This incoterm was abandoned in 2011-01-01.
DDP (Delivered duty paid) is an incoterm which means that the seller hands over the goods once they have been imported and placed at the disposal of the buyer on the arriving means of transport, ready for unloading at the specified destination. The seller bears all costs and risks associated with transporting the goods to the specified place and shall clear the goods not only for export but also for import, pay all duties for export and import and complete all customs formalities.
DAP (Delivered at place) is an incoterm which means that the seller hands over the goods when they are placed at the disposal of the buyer on the arriving means of transport, ready for unloading at the specified destination. The seller bears all the risks associated with transporting the goods to the specified place.
EXW (Ex Works) is an incoterm which means that the seller puts the goods at the disposal of the buyer on the seller's land or territory such as a factory or warehouse. The seller does not export the goods and it is not loaded on any transport vehicle. EXW means minimal liability for the seller . The transport document, the transport risk and the cost of the goods transport are transferred to the seller's territory.
CPT (Carriage Paid To) is an Incoterm that means freight paid to specified destination. This means that the seller takes care of the export and transport of the goods to the specified destination. The seller must inform the buyer when the goods have been delivered and send out an invoice and possibly other documents that have been agreed upon. The risk passes to the buyer when the goods have been handed over to the first carrier. The buyer handles the import of the goods. Any insurance is taken out by the buyer.
FOB (free on board) is a term in international commercial law specifying at what point respective obligations, costs, and risk involved in the delivery of goods shift from the seller to the buyer under the Incoterms standard published by the International Chamber of Commerce. FOB is only used in non-containerized sea freight or inland waterway transport. As with all Incoterms, FOB does not define the point at which ownership of the goods is transferred.
Incoterms is a collection of international delivery terms that are used both within Sweden and internationally. Combiterms is a Swedish supplement to Incoterms used in Sweden.
Incoterms (International commerce terms) are a set of international trade terms on how goods transport costs and responsibilities should be distributed between buyer and seller. They are fundamental in international trade transactions and cover matters relating to deliveries between buyers and sellers. This includes how the goods are to be transported, who pays for what, import and export clearance, and who bears the risk at different parts of the journey.
Combiterms (combined delivery terms) are a set of Swedish trade terms developed by the Swedish Transport Industry Association. Combiterms is not an independent set of rules for delivery conditions, but is used as a supplement to Incoterms to better clarify who is responsible for certain costs, and for which distances. They offer guidance on Incoterms delivery terms and cost headings with the associated three-digit code. Combiterm's main function is to combine the delivery terms with a clear system for the distribution of costs between buyers and sellers.
Fraktjakt's system automatically informs about the most common tasks required for the import and export of goods. We also create the most common customs documents for your shipments automatically together with other shipping documents.
Our customer service is happy to help you if something is still unclear, so also the shipping companies you bought the shipping through, but you get the most current and specific information for your particular shipping via your own national Customs agency.
There you can also look up the product codes for your goods and see exact terms and tax rates that apply to them to your receiving country.
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