7 Answers to Incoterm Questions
1
Incoterms are the internationally-accepted definitions and rules of interpretation for most commercial terms. What do you need to know about them before you import goods? 7 ANSWERS TO INCOTERM QUESTIONS Incoterms are three-letter trade terms used in international/domestic sale of good contracts. AFC International Customs Brokers A Licensed Customs Broker from AFC International can help you navigate all the terminology and prccesses involved with importing. Call us at 800-274-2329 today to get started. @afc_customs 1.800.274.2329 afcinternationalllc.com Source: U.S. Customs and Border Protection YOU NEED TO KNOW 1 WHAT ARE INCOTERMS? Incoterms offer rules that outline the transfer of goods responsibilities for sellers and buyers and assign transportation costs and responsibilities connected with the delivery of goods between importers and exporters. 2 WHAT DO INCOTERMS DO? Incoterms 2010 are three-letter standard trade terms that are the most recent revision of Incoterms. 3 WHAT DO INCOTERMS 2010 CATEGORIES DO? The International Chamber of Commerce and all contracts made under Incoterms 2000 remain applicable, even after 2011. 4 CAN YOU USE INCOTERMS 2000? No. This should be clarified within your contract. 5 CAN INCOTERMS BE USED TO DETERMINE THE OWNERSHIP OF GOODS? It is important that Incoterms are stated on the commercial invoice, which also lists the purchase price, country of origin and tariff classification for your imports. 6 WHERE ARE INCOTERMS LISTED? The Incoterms necessary for your cargo will depend on your freight’s mode of transportation and the charges due. 7 WHAT ARE THE INCOTERMS DEFINITIONS YOU NEED TO KNOW? Do you have questions about Incoterms or other importing matters? Contact our customs brokerage experts at 800-274-2329. 2000
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Transcript of 7 Answers to Incoterm Questions
Incoterms are the internationally-accepted definitions and rules of interpretation for most commercial terms. What do you need
to know about them before you import goods?
7 ANSWERS TOINCOTERM QUESTIONS
Incoterms are three-letter trade terms used in international/domestic sale of good contracts.
AFC InternationalCustoms BrokersA Licensed Customs Broker from AFC International can help you navigate all the terminology and prccesses involved with importing. Call us at 800-274-2329 today to get started.
@afc_customs1.800.274.2329afcinternationalllc.com
Source: U.S. Customs and Border Protection
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YOU NEED TO KNOW
1WHAT ARE INCOTERMS?
Incoterms offer rules that outline the transfer of goods responsibilities for sellers and buyers and assign transportation costs and responsibilities connected with the delivery of goods between importers and exporters.
2WHAT DO INCOTERMS DO?
Incoterms 2010 are three-letter standard trade terms that are the most recent revision of Incoterms.
3WHAT DO INCOTERMS 2010 CATEGORIES DO?
The International Chamber of Commerce and all contracts made under Incoterms 2000 remain applicable, even after 2011.
4CAN YOU USE INCOTERMS 2000?
No. This should be clarified within your contract.
5CAN INCOTERMS BE USED TO DETERMINE THE OWNERSHIP OF GOODS?
It is important that Incoterms are stated on the commercial invoice, which also lists the purchase price, country of origin and tariff classification for your imports.
6WHERE ARE INCOTERMS LISTED?
The Incoterms necessary for your cargo will depend on your freight’s mode of transportation and the charges due.
7WHAT ARE THE INCOTERMS DEFINITIONS YOU NEEDTO KNOW?
Do you have questions about Incoterms or other importing matters? Contact our customs
brokerage experts at 800-274-2329.
2000
