Category Archives: Incoterms

Image for risk

Incorrect cargo in container – who is responsible..??

Incorrect cargo in container – who is responsible..?? This is the gist of the question below from Bukky.. Container arrived,sealed Cleared customs in Houston, TX. Pick up the same for delivery by a trucking company to the buyer warehouse. Container unsealed, inside the container was bags full of cement/unknown stuffs instead of cooking oil. Who […]

Read More

Image for question featured image

Story of a CIF contract and a Letter of Indemnity

This is the Story of a CIF contract and a Letter of Indemnity..

Seller is delivering CIF to Chinese port. The contract has an LOI provision if the original bill of lading should be lost..

The buyer’s bank refuses to make payment without original BOL and will not accept LOI..

What happens next..??

Read More

Under CIF terms – who is responsible to off-load cargo from the ship – seller or buyer..??

Trudi asked below question about CIF Terms and who is responsible to off-load cargo from the ship – seller or buyer..?? I have a CIF shipment to Dar es Salaam. The port cranes in Dar es Salaam can not handle the tonnage of the item we are sending. Who is responsible to hire and pay a […]

Read More

Who should pay for securing the cargo in the container in an EXW deal..??

In a shipment on EXW terms – Who should pay for securing the cargo in the container..?? This is a question posed by a reader as below.. Here is my question :  – cargo (wine in cartons, on pallets) will be exported from France to the USA – the term of sale is EXW – […]

Read More

Share