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SEIB of GDUFS * Variation FOB Liner Terms (FOB班轮条件) FOB Under Tackle (FOB吊钩下交货) FOB Stowed Trimmed (FOB理舱,平舱费在内) CFR/CIF Liner Terms (班轮条件) CFR/CIF Landed (卸至码头) CFR/CIF Ex Tackle (吊钩下交接) CFR/CIF Ex Ship’s Hold (舱底交接) Seller pays: Least Most Most Least SEIB of GDUFS * Important Note The variation of transport cost bearing DOES NOT change the nature of the term: the risk implication remains same all the time. SEIB of GDUFS * 2.3 Application issues 2.3.1 Customs Clearance Referring to both the payment of duty and the performance of any administrative matters EXW --- buyers for both import and export customs clearance DDP --- sellers for both import and export customs clearance For other terms, buyers for import customs clearance while sellers for export customs clearance SEIB of GDUFS * 2.3 Application issues 2.3.2 Quality Confirmation Seller’s expense to cover checking operations: quality control during the production, measuring, weighing and counting a the time of delivery Buyer’s necessity to inspect the goods before taking delivery, hence he must pay pre-shipment inspection Seller pay any costs of inspections mandated by the local authorities which is normally part of customs clearance SEIB of GDUFS * 2.3 Application issues 2.3.3 Appropriation Referring to the act of setting apart something for particular usage, to the exclusion of all other uses. One of the conditions for realizing the transfer of risks from the seller to the buyer. Ways of appropriation varies, the common one is to identify the goods by using the unique shipping marks provided by the buyer. SEIB of GDUFS * 2.3 Application issues 2.3.4 Shipment Notice The party arranges shipment shall provide his counterpart with sufficient notice related to the transportation. Necessary information include: the name of the carrier, the mode of transport, the date or period for delivery, etc. Inability to provide sufficient and prompt shipment notice to the counterpart may lead to th
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