Wednesday, March 13, 2013

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International Commercial Terms (INCOTERMS)

International Commercial Terms (INCOTERMS)

The INCOTERMS (International Commercial Terms) is a universally recognized set of definitions of international trade terms, such as FOB, CFR and

CIF, developed by the International Chamber of Commerce (ICC) in Paris, France. It defines the trade contract responsibilities and liabilities

between buyer and seller. It is invaluable and a cost-saving tool. The exporter and the importer need not undergo a lengthy negotiation about

the conditions of each transaction. Once they have agreed on a commercial term like FOB, they can sell and buy at FOB without discussing who

will be responsible for the freight, cargo insurance, and other costs and risks.

The INCOTERMS was first published in 1936---INCOTERMS 1936---and it is revised periodically to keep up with changes in the international trade

needs. The complete definition of each term is available from the current publication---INCOTERMS 2000. The publication is available at your

local Chamber of Commerce affiliated with the International Chamber of Commerce (ICC).

Many importers and exporters worldwide are accustomed to and may still use the INCOTERMS 1980, the predecessor of INCOTERMS 1990 and INCOTERMS

2000.

Under the INCOTERMS 2000, the international commercial terms are grouped into E, F, C and D, designated by the first letter of the term

(acronym), as follows:

International Commercial Terms (INCOTERMS)

GROUP  TERM     Stands for

E
EXW
Ex Works

F FCA Free Carrier
FAS Free Alongside Ship
FOB Free On Board

C CFR Cost and Freight
CIF Cost, Insurance and Freight
CPT Carriage Paid To
CIP Carriage and Insurance Paid To

D DAF Delivered At Frontier
DES Delivered Ex Ship
DEQ Delivered Ex Quay
DDU Delivered Duty Unpaid
DDP

Delivered Duty Paid

In practice, trade terms are written with either all upper case letters (e.g. FOB, CFR, CIF, and FAS) or all lower case letters (e.g. fob, cfr,

cif, and fas). They may be written with periods (e.g. F.O.B. and c.i.f.).

In international trade, it would be best for exporters to refrain, wherever possible, from dealing in trade terms that would hold the seller

responsible for the import customs clearance and/or payment of import customs duties and taxes and/or other costs and risks at the buyer's end,

for example the trade terms DEQ (Delivered Ex Quay) and DDP (Delivered Duty Paid). Quite often, the charges and expenses at the buyer's end may

cost more to the seller than anticipated. To overcome losses, hire a reliable customs broker or freight forwarder in the importing country to

handle the import routines.

Similarly, it would be best for importers not to deal in EXW (Ex Works), which would hold the buyer responsible for the export customs

clearance, payment of export customs charges and taxes, and other costs and risks at the seller's end.

EXW   {+ the named place}
Ex Works

Ex means from. Works means factory, mill or warehouse, which is the seller's premises. EXW applies to goods available only at the seller's

premises. Buyer is responsible for loading the goods on truck or container at the seller's premises, and for the subsequent costs and risks.
In practice, it is not uncommon that the seller loads the goods on truck or container at the seller's premises without charging loading fee.

In the quotation, indicate the named place (seller's premises) after the acronym EXW, for example EXW Kobe and EXW San Antonio.

The term EXW is commonly used between the manufacturer (seller) and export-trader (buyer), and the export-trader resells on other trade terms to

the foreign buyers. Some manufacturers may use the term Ex Factory, which means the same as Ex Works.

FCA   {+ the named point of departure}
Free Carrier

The delivery of goods on truck, rail car or container at the specified point (depot) of departure, which is usually the seller's premises, or a

named railroad station or a named cargo terminal or into the custody of the carrier, at seller's expense. The point (depot) at origin may or may

not be a customs clearance center. Buyer is responsible for the main carriage/freight, cargo insurance and other costs and risks.
In the air shipment, technically speaking, goods placed in the custody of an air carrier is considered as delivery on board the plane. In

practice, many importers and exporters still use the term FOB in the air shipment.

The term FCA is also used in the RO/RO (roll on/roll off) services.

In the export quotation, indicate the point of departure (loading) after the acronym FCA, for example FCA Hong Kong and FCA Seattle.

Some manufacturers may use the former terms FOT (Free On Truck) and FOR (Free On Rail) in selling to export-traders.

FAS   {+ the named port of origin}
Free Alongside Ship

Goods are placed in the dock shed or at the side of the ship, on the dock or lighter, within reach of its loading equipment so that they can be

loaded aboard the ship, at seller's expense. Buyer is responsible for the loading fee, main carriage/freight, cargo insurance, and other costs

and risks.
In the export quotation, indicate the port of origin (loading) after the acronym FAS, for example FAS New York and FAS Bremen.

The FAS term is popular in the break-bulk shipments and with the importing countries using their own vessels.

FOB   {+ the named port of origin}
Free On Board

The delivery of goods on board the vessel at the named port of origin (loading), at seller's expense. Buyer is responsible for the main

carriage/freight, cargo insurance and other costs and risks.
In the export quotation, indicate the port of origin (loading) after the acronym FOB, for example FOB Vancouver and FOB Shanghai.

Under the rules of the INCOTERMS 1990, the term FOB is used for ocean freight only. However, in practice, many importers and exporters still use

the term FOB in the air freight.

In North America, the term FOB has other applications. Many buyers and sellers in Canada and the U.S.A. dealing on the open account and

consignment basis are accustomed to using the shipping terms FOB Origin and FOB Destination.

FOB Origin means the buyer is responsible for the freight and other costs and risks. FOB Destination means the seller is responsible for the

freight and other costs and risks until the goods are delivered to the buyer's premises, which may include the import customs clearance and

payment of import customs duties and taxes at the buyer's country, depending on the agreement between the buyer and seller.

In international trade, avoid using the shipping terms FOB Origin and FOB Destination, which are not part of the INCOTERMS (International

Commercial Terms).

CFR   {+ the named port of destination}
Cost and Freight

The delivery of goods to the named port of destination (discharge) at the seller's expense. Buyer is responsible for the cargo insurance and

other costs and risks. The term CFR was formerly written as C&F. Many importers and exporters worldwide still use the term C&F.
In the export quotation, indicate the port of destination (discharge) after the acronym CFR, for example CFR Karachi and CFR Alexandria.

Under the rules of the INCOTERMS 1990, the term Cost and Freight is used for ocean freight only. However, in practice, the term Cost and Freight

(C&F) is still commonly used in the air freight.

CIF   {+ the named port of destination}
Cost, Insurance and Freight

The cargo insurance and delivery of goods to the named port of destination (discharge) at the seller's expense. Buyer is responsible for the

import customs clearance and other costs and risks.
In the export quotation, indicate the port of destination (discharge) after the acronym CIF, for example CIF Pusan and CIF Singapore.

Under the rules of the INCOTERMS 1990, the term CIF is used for ocean freight only. However, in practice, many importers and exporters still use

the term CIF in the air freight.

CPT   {+ the named place of destination}
Carriage Paid To

The delivery of goods to the named place of destination (discharge) at seller's expense. Buyer assumes the cargo insurance, import customs

clearance, payment of customs duties and taxes, and other costs and risks.
In the export quotation, indicate the place of destination (discharge) after the acronym CPT, for example CPT Los Angeles and CPT Osaka.

CIP   {+ the named place of destination}
Carriage and Insurance Paid To

The delivery of goods and the cargo insurance to the named place of destination (discharge) at seller's expense. Buyer assumes the import

customs clearance, payment of customs duties and taxes, and other costs and risks.
In the export quotation, indicate the place of destination (discharge) after the acronym CIP, for example CIP Paris and CIP Athens.

DAF   {+ the named point at frontier}
Delivered At Frontier

The delivery of goods to the specified point at the frontier at seller's expense. Buyer is responsible for the import customs clearance, payment

of customs duties and taxes, and other costs and risks.
In the export quotation, indicate the point at frontier (discharge) after the acronym DAF, for example DAF Buffalo and DAF Welland.

DES   {+ the named port of destination}
Delivered Ex Ship

The delivery of goods on board the vessel at the named port of destination (discharge), at seller's expense. Buyer assumes the unloading fee,

import customs clearance, payment of customs duties and taxes, cargo insurance, and other costs and risks.
In the export quotation, indicate the port of destination (discharge) after the acronym DES, for example DES Helsinki and DES Stockholm.

DEQ   {+ the named port of destination}
Delivered Ex Quay

The delivery of goods to the quay (the port) at destination at seller's expense. Seller is responsible for the import customs clearance and

payment of customs duties and taxes at the buyer's end. Buyer assumes the cargo insurance and other costs and risks.
In the export quotation, indicate the port of destination (discharge) after the acronym DEQ, for example DEQ Libreville and DEQ Maputo.

DDU   {+ the named point of destination}
Delivered Duty Unpaid

The delivery of goods and the cargo insurance to the final point at destination, which is often the project site or buyer's premises, at

seller's expense. Buyer assumes the import customs clearance and payment of customs duties and taxes. The seller may opt not to insure the goods

at his/her own risks.
In the export quotation, indicate the point of destination (discharge) after the acronym DDU, for example DDU La Paz and DDU Ndjamena.

DDP   {+ the named point of destination}
Delivered Duty Paid

The seller is responsible for most of the expenses, which include the cargo insurance, import customs clearance, and payment of customs duties

and taxes at the buyer's end, and the delivery of goods to the final point at destination, which is often the project site or buyer's premises.

The seller may opt not to insure the goods at his/her own risks.
In the export quotation, indicate the point of destination (discharge) after the acronym DDP, for example DDP Bujumbura and DDP Mbabane.

ANNOUNCEMENT - ATLANTIC PACIFIC SHIPPING MEXICO REOPENS

ANNOUNCEMENT - ATLANTIC PACIFIC SHIPPING MEXICO REOPENS

ATLANTIC PACIFIC SHIPPING, S.A. DE C.V. will reopen commercial activities from March 01, 2013

They would appreciate hearing from you for any shipments, cargo leads, sales leads, inquiries or any requirements you have and they can be reached at:

ATLANTIC PACIFIC SHIPPING, S.A. DE C.V.
QUERETARO No.1
COL. SAN JUAN BOSCO
ATIZAPAN DE ZARAGOZA, EDO. DE MEXICO Z.C. 52946
ID TAX: APS000316K46
Phone: (52) 55 – 2871-0845, 2208-0738
E-MAIL: apsada@telmexmail.com / apssara@telmexmail.com
Attn: Arturo Dominguez A / Sara Cruz V.
Skype: Atlantic.Pacific.Shipping

Under the direction of Arturo Dominguez Atlantic Pacific Shipping will be able to offer full agency services and well as Ocean liner representation, NVOCC, International Freight Forwarding from Mexico to most world ports and also offer import shipping services from overseas to Mexico.

Wednesday, August 15, 2012

Thursday, September 29, 2011

New Address for Cargo International Logistics and Allcargo Group Inc.

New Address for Cargo International Logistics and Allcargo Group Inc.

Please see the below NEW address and be kind enough to change your records as our address has changed after Sept. 1, 2011

Old Address:
Suite 20, 3729 Union Road
Cheektowaga, New York 14225-4246

NEW ADDRESS
Allcargo Group Inc. USA
Cargo International Logistics Inc.
45 Gardenville Parkway W
West Seneca, NY 14224-1321 USA

Local Phone: 1-716-656-0924
mail@allcargogroup.com
http://www.allcargogroup.com/

Phone: 1-716-686-9588 Fax: 1-586-314-0201
Phone: 1-914-613-3610 Phone: 1-716-240-2107
Phone: 1-905-524-2112 Fax: 1-905-524-0099
Toll Free - Tel: 1-888-253-3458 Fax: 1-888-253-9155
Los Angeles Local Phone Number - 1-213-258-1643

Also at:
Cargo International Logistics /
Division of Centretrade International Ltd.
Suite 906, 20 Hughson Street South,
Hamilton, ON L8N2A1 Canada
Phone: 1-905-524-2112 Fax: 1-905-524-0099
Phone Toll Free: 1-888-253-3458 Fax Toll Free: 1-888-253-9155

Chicago Downtown Address:

General Maritime Services
28 E. Jackson Blvd., 10 Floor Suite # M633
Chicago, IL 60604
E-mail: chicago@cargoagents.net
Toll Free - Tel: 1-888-253-3458 Fax: 1-888-253-9155

New York City Area office:
Cargo Agents, Inc.
143-30 38th Ave., Suite 1H
Flushing, NY 11354-5720 USA
Phone: 1-718-321-1504 Fax: 1-718-321-8215
Toll Free Phone: 1-866-351-6742 Toll Free Fax: 1-866-351-6743

Definition of Third Party Logistics

Definition of Third Party Logistics

Third Party Logistics (3PL) is the function by which the owner of goods (The Client Company) outsources various elements of the supply chain to one 3 PL company that can perform the management function of the clients inbound freight, customs, warehousing, order fulfilment, distribution, and outbound freight to the clients customers.

Maxwell

Third Party Logistics is the activity of outsourcing activities related to Logistics and Distribution. The 3PL industry includes Logistics Solution Providers (LSPs) and the shippers whose business processes they support.

Logistics Focus

Third Supply of logistics related operations between traders by an independent organization.

Eyefortransport
A 3PL is an outsourced provider that manages all or a significant part of an organization's logistics requirements and performs transportation, locating and sometimes product consolidation activities.

Bridgefield Group
Third party logistics describes businesses that provide one or many of a variety of logistics-related services. Types of services would include public warehousing, contract warehousing, transportation management, distribution management, freight consolidation.

Accuracy Book
We define the Third-Party Logistics provider as one who is responsible to "integrate, coordinate, and manage functions for the smooth handling of sourcing, output and production".

Barthco
A standard definition of just what a third-party logistics provider is can vary from contract to contract. Is everyone who thinks they are engaged in a "third-party contract" really involved in a "third-party contract?" If a distributor, for example, has the UPS truck pull up to their door a few times a day or week, is UPS their 3PL? And are third-party agreements a threat—a possible replacement, in some cases—for distributors?

Sunday, February 13, 2011

News Release - GMS PUBLICATIONS offer 'FREE' listings

News Release - Publications offer 'FREE' listings


GMS PUBLICATIONS and The Centre for International Trade, a business management group that publishes a number of guides and 'how to' books has established a special section in each of their publications for listing's. These both free and paid listings will allow companies that offer service in these business areas to gain exposure.

The listings will be under the heading of Resources / Reference section and will give suppliers a forum to display their organization to readers of these publications. The listings are under the industry headings for banking, insurance, finance, transportation, computer services, lending, business services and many more. This resource / reference section will provide a serious reference section and guide for readers and give them access to specialized firms that provide service.
For any organization wishing to avail themselves of this service and request a listing may contact C.I.T for a listing request form. The basic listing is free and for the expanded bold listing the cost is only $125.00 and allows the organization to give a description of their services and company in general. The publications where listings will be accepted are:

Develop & Boost Export Sales / Export Operations & Techniques Managing International Shipments / Making Contacts to Open Doors / Guide to Importing / Worldwide Money-Finance / Marine Insurance Compendium / A Guide to Offshore Trusts and many more.

Orders for listings are being accepted now.

GMS PUBLICATIONS
The Centre for International Trade
Division of General Management Services, Inc.
Suite 20, 3729 Union Road,
Cheektowaga, New York 14225-4246 USA
Phone: 1-716-686-9588 Fax: 1-586-314-0201
Phone: 1-914-613-3610
Phone: 1-905-524-2112 Fax: 1-905-524-0099
Toll Free - Tel: 1-888-253-3458 Fax: 1-888-253-9155

Monday, November 8, 2010

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Saturday, April 25, 2009

BUYING AGENTS & REPRESENTATION

We act as your buying and purchasing agents in North America for a wide range of commercial and industrial products. We can source your needs in North America and provide you with the best price, products, service, delivery and support.

You can reach us by phone, fax, e-mail or mail giving us your product requirements, price ideas and any comments and suggestions. We can also assist you with shipping, consolidation of your existing purchases from North America, warehousing and much more.

We can also act as your representative in North America and find agents, distributors and customers for your products. We are at your disposal for a singe requirement, on-going orders, consulting and more.


Centretrade International Ltd.
Canada & USA

Phone: 1-905-524-2112 Fax: 1-905-524-0099
Toll Free Phone: 1-888-253-3458 Fax Toll Free: 1-888-253-9155

We provide the following CONSULTING SERVICES for:
INTERNATIONAL SHIPPING & TRADING - LOGISTICS - TRAINING - EXPORT -IMPORT - SEMINARS - TRAINING - MANUALS
Our services are available both in the USA and overseas and a high level on expertise is always assured. Our consultants have a wide range of experience in many areas of business and some of these fields are:
International trade, export, import, manufacturing, distribution, travel, and tourism, wholesale, retail, construction, agriculture, infrastructure, international aid, development and many more.
Please feel free to consult us for any projects now or in the future. Our fees are reasonable and we would be pleased to work with you and fit into your budget requirements.

Thursday, July 31, 2008

Centretrade International Ltd.



Centretrade International Ltd.

Suite 906, 20 Hughson Street South,

Hamilton, ON L8N2A1 Canada

Phone: 1-905-524-2112 Fax: 1-905-524-0099

Phone Toll Free: 1-866-252-0135 Fax Toll Free: 1-888-253-9155