Finds three categories of delivered terms

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Reference no: EM131760945

The Brazilian buyer wants the buses delivered at Santos. Weiss looks up the International Chamber of Commerce’s Incoterms and finds three categories of “delivered” terms:

DAT (Delivered at Terminal). In this type of transaction, the seller clears the goods for export and bears all risks and costs associated with delivering the goods and unloading them at the terminal at the named port or place of destination. The buyer is responsible for all costs and risks from this point forward including clearing the goods for import at the named country of destination.

DAP (Delivered at Place). The seller clears the goods for export and bears all risks and costs associated with delivering the goods to the named place of destination not unloaded. The buyer is responsible for all costs and risks associated with unloading the goods and clearing customs to import goods into the named country of destination.

DDP (Delivered Duty Paid). The seller bears all risks and costs associated with delivering the goods to the named place of destination ready for unloading and clearing for import.

Reference no: EM131760945

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