The seller shall bear FOB and CFR conditions?

Division of responsibilities and obligations of buyers and sellers under three trade conditions: 1. FOB, CIF and CIF prices.

Under FOB conditi

The seller shall bear FOB and CFR conditions?

Division of responsibilities and obligations of buyers and sellers under three trade conditions: 1. FOB, CIF and CIF prices.

Under FOB conditions, the responsibilities of the seller

(1) Provide goods that meet the requirements of the contract.

(2) Go through the export customs clearance procedures.

(3) At the agreed time and port of shipment, load the goods on the ship designated by the buyer by the usual port method, and send the shipping notice to the buyer.

(4) Take all risks until the goods cross the ship's rail at the port of shipment.

(5) Submit agreed documents or equivalent electronic information. (6) Payment after delivery

Buyer's responsibilities:

(1) Charter a ship and book a space, and inform the seller of the name of the ship and the port loading date.

(2) bear all risks after the goods cross the ship's rail at the port of shipment.

(3) Handling import license and import customs clearance procedures.

(4) The seller receives the goods when delivering them according to regulations.

(5) Accept the documents provided by the seller and pay the price as stipulated in the contract.

Seller's responsibilities under CFR price conditions:

(1) Be responsible for chartering, booking shipping space, paying freight, loading at the port of shipment within the agreed time limit, and sending shipping advice to the buyer in time.

(2) bear all expenses and risks before the goods cross the ship's rail at the port of shipment.

(3) Go through the export customs clearance procedures.

(4) Providing export documents or equivalent electronic information.

(5) Payment after delivery

Buyer's responsibilities:

(1) bear all costs and risks after the goods have crossed the ship's rail at the port of shipment.

(2) Accept the goods delivered by the carrier at the designated port of destination.

(3) Go through import customs clearance procedures.

(4) Accept the documents provided by the seller and pay the money according to the contract.

Seller's responsibilities under CIF conditions:

(1) is responsible for chartering and booking shipping space, loading the goods at the specified port of shipment and within the specified time limit, and paying the freight for transporting the goods to the destination port, and notifying the buyer after the goods are loaded.

(2) bear all expenses and risks before the goods cross the ship's rail at the port of shipment.

(3) Handling freight insurance

(4) Go through the export customs clearance procedures.

(5) Providing export documents or equivalent electronic information.

(6) Payment after delivery

Buyer's responsibilities:

(1) bear the risks and expenses after the goods have crossed the ship's rail at the port of shipment.

(2) Go through import customs clearance procedures.

(3) accept the documents or electronic information provided by the seller

(4) Pay the payment according to the contract.

What can't be said here is watertight. If you are not clear, you can continue to ask questions!

2. What's the difference between the "warehouse-to-warehouse" clause of maritime cargo under 2.FOB and CFR terms?

Free on board at the port of shipment

exist

Named after the board ...

port

about

Fob (shipping for short) is a traditional and commonly used international trade term. When using this trade term, the seller must deliver the goods to the ship designated by the buyer at the port of shipment stipulated in the contract and at the specified time in order to fulfill its delivery obligation. The expenses and risks related to the goods borne by the buyer and the seller are bounded by the ship's rail. The risks and expenses before the goods are loaded at the port of shipment and cross the ship's rail shall be borne by the seller, and then transferred to the buyer, who shall bear them.

The FOB conditions at the port of shipment require the seller to go through export customs clearance procedures, including applying for export license, customs declaration and paying export duties.

Cost plus freight (cfr), cost plus insurance plus freight (cif) The seller is responsible for signing a transportation contract to transport the goods to the destination and pay the freight, but all the risks of the goods are transferred to the buyer at the place of delivery in the exporting country, and the risks of the goods in transit are borne by the buyer. So they all belong to the shipment contract (shipment).

Contract) and does not belong to the arrival contract (arrival

Contract). c

Group terms and f

Group terms belong to the shipping contract,

Cost plus freight (cost

and

Freight ... named

port

about

Destination, abbreviated as cfr), the original abbreviation of cost and freight terms is c&, which is a traditional and commonly used international trade term. When this trade term is used, the seller is responsible for concluding a transportation contract, loading the goods at the port of shipment, and paying the freight for transporting the goods to the destination at the time stipulated in the sales contract. However, the risk of loss or damage of the goods after crossing the ship's rail at the transshipment port and all the extra expenses caused by the accident shall be borne by the buyer. This is different from fob terminology.

Cost, insurance and freight (cost

insurance

and

freight transport

nomenclative

port

about

Destination (cif) is a traditional and commonly used international trade term. When using this trade term, the seller should not only bear the same obligations as cfr, but also be responsible for the transportation insurance of the goods and pay the insurance premium. However, the seller's obligation is limited to the minimum insurance coverage, that is, FPA, and the risks of the goods are the same as cfr and CFR.

3. What are the responsibilities of the buyer and the seller under the three trade conditions of FOB, CIF and CFR?

Responsibilities (transportation, insurance, import and export procedures, etc.). ) and the expenses borne by the buyer and the seller (expenses related to the above responsibilities) are different.

That is to say,

FOB buyer is responsible for sea freight and insurance premium.

CIF seller is responsible for sea freight and insurance premium.

CFR price The buyer is responsible for the insurance premium and the seller is responsible for the sea freight.

Explanation:

free on board

buyer

1, responsible for sending ships to receive goods.

seller

1. The goods shall be loaded on the ship designated by the buyer at the port of shipment stipulated in the contract and within the specified time limit, and the buyer shall be informed in time that the goods have been loaded. At present, the textbook does not mention the ship. Please note that if the ship is written, the risk will be transferred from the seller to the buyer.

Cost Insurance and Freight

buyer

(1) bear all risks after the goods cross the ship's rail.

(2) Responsible for the expenses from the port of shipment to the port of destination after shipment except the usual freight and insurance.

(3) handle the import.

(4) Payment for goods

seller

(1) Arrange transportation, pay the freight to the destination port, and notify the buyer in time.

(2) bear all risks before the goods cross the ship's rail.

(3) Insurance and premium payment.

(4) Processing outlet

5] Provide corresponding documents.

cost and freight

Seller's responsibilities:

1. Be responsible for delivering the goods conforming to the contract to the ship at the port of shipment and transporting them to the designated port of destination within the date or time limit stipulated in the contract, and giving the buyer sufficient notice.

2. Be responsible for the export license or other approval certificate of export goods.

3. Be responsible for chartering or booking shipping space, and pay the normal freight to the destination port.

4. Bear all expenses and risks before the goods cross the ship's rail at the port of shipment.

5. Be responsible for providing electronic information with the same effect, such as commercial invoices and the usual transport documents of goods to the agreed destination port, or commercial invoices.

6. Provide insurance information according to the requirements of the buyer.

Buyer's responsibilities:

1, responsible for paying the price as stipulated in the contract.

2. Be responsible for handling the import formalities of goods and obtaining import licenses or other approval certificates.

3. Be responsible for all expenses and risks after the goods cross the ship's rail at the port of shipment.

4, according to the provisions of the contract to receive goods, accept transport documents.

(3) The Seller shall bear 3) Extended readings under 3)FOB and CFR conditions:

Fob, cif and CFR are all trade terms.

TradeTerms, also known as PriceTerms, are produced in the long-term international trade practice, and are used to express the composition of transaction price and delivery conditions, and to determine the risks, responsibilities and expenses of buyers and sellers.

meaning

Trade terms, also known as terms of trade and price terms, are produced in the long-term international trade practice. They are special terms used to express commodity price composition, explain delivery place, determine risk, cost and responsibility division.

1. It is beneficial for buyers and sellers to negotiate transactions and conclude contracts. Because each trade term has a unified explanation of the obligations of buyers and sellers, it is beneficial for buyers and sellers to clarify their respective rights and obligations and reach a transaction as soon as possible.

2. It is beneficial for buyers and sellers to calculate the price and cost. All kinds of trade terms clearly stipulate who will bear all costs such as cost, freight and insurance, so it is easier for buyers and sellers to calculate prices and costs.

3. It is conducive to solving disputes in performance. Because trade terms are interpreted by relevant international practices, disputes between buyers and sellers in transactions can be explained by international trade practices.

International trade terms "> Foreign trade experts analyze three international trade terms: FOB, CIF and CFR.

4. Compare the similarities and differences of seller's obligations under CIF and CFR conditions.

CIF seller wants to buy insurance, CFR doesn't need it.

The same point, 1, the same risk demarcation point is that the goods cross the ship's rail as the demarcation point.

2, all need to pay the freight.

3. After shipment, a shipping notice shall be sent to the buyer.

The same place of delivery is the port of shipment.

5. Why would you please tell me the risk classification of FOB CFR CIF?

FOBFOB is one of the commonly used trade terms in international trade. The full text of FOB is FOB (… named port of shipment), that is, FOB price, which is usually called FOB at the port of shipment.

According to this clause, the buyer is responsible for sending a ship to pick up the goods, and the seller shall load the goods on the ship designated by the buyer at the port of shipment stipulated in the contract and within the specified time limit, and notify the buyer in time. When the goods cross the ship's rail, the risk will pass from the seller to the buyer.

Under FOB conditions, the seller shall bear the risks and expenses, obtain the export license or other official documents, and handle the export formalities. When the transaction is concluded on FOB terms, the seller shall also provide a certificate at his own expense to prove that he has completed the delivery obligation as stipulated. If the certificate is not a transport document, the seller may provide assistance at the request of the buyer to obtain the bill of lading or other transport documents, and the risks and expenses shall be borne by the buyer.

CFR Cost and Freight (… Designated Port of Destination)-Cost and Freight (… Designated Port of Destination) means that the seller must deliver the goods to the ship bound for the designated port of destination within the time limit stipulated in the contract, bear all expenses and risks of loss or damage of the goods before they cross the ship's rail, and be responsible for chartering or booking shipping space and paying the normal freight for arriving at the port of destination.

The Chinese translation of CIF terms is cost, insurance and freight (named as the port of destination, whose original name is cost, insurance and freight (... specify the country of destination). The components of the price of goods include the usual freight from the port of shipment to the agreed port of destination and the agreed insurance premium, so the seller's obligations are the same as CFR terms. With regard to handling freight insurance and paying insurance premium for the buyer, according to general international trade practice, the insured amount of the seller should be 10% plus CIF price. If the buyer and the seller have not agreed on specific risks, the seller only needs to get the minimum amount. If the buyer requests war risk insurance, the seller shall take out the insurance at the buyer's expense. When the seller can do so, he should insure in the contract currency.

They are all bound by the ship's rail. The buyer shall bear all risks and expenses before the goods cross the ship's rail at the loading port, and the seller shall bear all risks and expenses after the goods cross the ship's rail at the loading port.

6. Compare the similarities and differences of the obligations undertaken by the seller under FOB and CFR conditions.

Free on board at the port of shipment.

Seller's obligations:

1 load the goods on the vessel designated by the buyer within the port of shipment and time limit stipulated in the contract, and notify the buyer in time.

Obtain an export license at your own risk and expense and go through the export formalities.

Bear all costs and risks of loss or damage to the goods until the goods cross the ship's rail at the designated port of shipment.

Provide documents proving that it has completed the delivery obligation according to regulations at its own expense: commercial invoices, clean shipping documents, etc.

CFR is cost plus freight.

Seller's obligations:

1 Responsible for chartering, booking shipping space and freight, loading the goods within the time limit stipulated in the contract, and notifying the buyer in time.

Bear all risks and expenses before the goods cross the ship's rail.

3. Go through the customs clearance procedures for goods export.

Provide relevant shipping documents, etc.

The main difference is that buyers and sellers have different responsibilities in formalities and fees.

The risk of choosing CFR or CIF as exporters is lower than FOB.

7. What's the difference between 7.FOB and FCA, and the expenses that the buyer and the seller have to bear?

The buyer pays FCA more than FOB.

Under FOB conditions, the seller bears the risk until the goods are loaded (across the ship's rail) and the risk is transferred to the buyer (because the freight and insurance are borne by the buyer), but the loading fee at the loading port is uncertain (traditionally, we are all borne by the seller, which seems to be the usual practice). Under the FCA condition, the seller's risk is always borne until the goods are delivered to the carrier (designated by the customer, because the place to bear the risk is generally the warehouse designated by the carrier, not the ship), and the risk is transferred to the carrier, and the freight is paid by the buyer.

(7) The Seller shall bear 7) Extended readings under 7)FOB and CFR conditions:

Trade terms in international trade, also known as price terms. In international trade, the obligations of buyers and sellers will affect the price of goods. In the long-term international trade practice, some trade terms closely related to price are gradually linked to price, forming several quotation modes. Each mode stipulates the obligations of buyers and sellers under specific trade conditions. The terms used to describe this obligation are called trade terms.

Incoterms 1990 * * lists thirteen trade terms, including EXW, FCA, Fas, FOB, CFR, CIF, CPT, CIP, DAF, DES, DEQ, DDU and DDP. The main points of several commonly used trade terms are listed as follows:

1. ex works (EXW)

The English term is "ex works (... named place)", that is, "ex works (... named place)".

It refers to the responsibility of the seller to deliver the prepared goods to the buyer at its location, that is, workshop, factory, warehouse, etc. But usually he is not responsible for loading the goods into the car prepared by the buyer, nor for clearing the goods. The buyer shall bear all costs and risks of transporting the goods from the seller's location to the expected destination.

2. FOB price

The term is FOB (... named port of shipment), that is, FOB (... named port of shipment).

This means that the seller delivers the goods after crossing the ship's rail at the designated port of shipment. After the goods have crossed the ship's rail, the buyer must bear all the expenses, risks, losses or damages of the goods. In addition, the seller is also required to go through the export customs clearance procedures for the goods. This term applies to sea or inland waterway transportation.

3. Cost plus freight (CFR or c & ampf)

The English term of this term is "cost plus freight (named port of shipment)", that is, "cost plus freight (... named port of destination)".

It means that the seller must pay the expenses and freight required to transport the goods to the designated port of destination, but after the goods are delivered to the deck of the ship and the goods cross the ship's rail at the designated port, the risk, loss or damage of the goods and the extra expenses caused by the accident shall be borne by the seller. In addition, the seller needs to go through the export customs clearance procedures for the goods. This term applies to sea or inland waterway transportation.

4. Cost, insurance and freight

The English term is "cost, insurance and freight (... named port of shipment)", that is, "cost, insurance and freight (... named port of destination)".

It means that the seller has the same obligation as the "cost and freight" clause, and the buyer should pay the insurance premium for the goods lost or damaged in transit. This term applies to sea or inland waterway transportation.

8. Compared with fob, the additional responsibilities of the seller under cfr conditions are as follows

B, that's what the terms say