What Incoterms will apply to me?
This depends but it is likely to be either i) FOB (Free on board – named port of shipment): means that the seller delivers when the goes pass the ships rail at the named port of shipment. This means that the buyer has to bear all the costs and risks of loss or damage to the goods from that point. The FOB term requires the seller to clear the goods for export. ii) DDP (Delivered duty paid – named place of destination) means that the seller delivers the goods to the buyer, cleared for import, and unloaded from any means of transport at the named place of destination. The seller has to bear all the costs and risks involved in bringing the goods thereto including, where applicable, any duty for import in the country of destination. iii) and CIF (Cost, insurance and freight – named port of destination) means that the seller delivers when the goods pass the ship’s rail in the port of shipment. The seller must pay the cost of freight necessary to bring the goods to the named port of destinati
