What are the foreign trade terms of imports, and what are the trade terms

**The nouns are as follows:

1. FCA (Free Carrier): delivery carrier (designated place). This term refers to the fact that the seller must deliver the goods to the custody of the carrier nominated by the buyer at the designated place within the delivery period specified in the contract, and bear all costs and risks of loss of or damage to the goods before the goods are placed in the custody of the carrier.

In addition, the seller shall go through all the necessary customs formalities for export.

2. FAS (Free Alongside Ship): Ship side delivery (designated port of shipment) means that the seller will transport the goods to the side of the ship or barge at the designated port of shipment for delivery, and when it is necessary to go through customs procedures, go through all the customs procedures required for the export of the goods, and the buyer shall bear all the costs and risks from the side of the ship (or barge) at the port of shipment.

3. FOB (Free on Board): Free on Board (designated port of shipment), the term stipulates that the seller must deliver the goods to the ship designated by the buyer at the designated port of shipment within the shipping period specified in the contract, and bear all the costs and risks of loss or damage of the goods before the goods cross the ship's side.

4. CFR (Cost and Freight): Cost and freight (designated port of destination) means that the seller must be aware of the fact that within the shipping period specified in the contract, the goods must be delivered to the ship to the designated port of destination at the port of shipment, bear all the costs of the goods before the goods cross the side of the ship and the risk of loss or damage to the goods, and be responsible for chartering and booking the ship and paying the normal freight to the port of destination.

5. CIF (Cost, Insurance and Freight): Cost, insurance and freight (designated port of destination) means that the seller must deliver the goods to the ship destined for the designated port of destination at the port of shipment within the shipping period specified in the contract, bear all the costs of the goods before they cross the side of the ship and the risk of loss or damage to the goods, apply for freight insurance, pay insurance premiums, and be responsible for chartering and booking, and pay the normal freight from the port of shipment to the port of destination.

6. CPT (carriage paid to): freight paid to (designated destination), which refers to the seller's payment of the freight of the goods to the designated destination, when the goods are handed over to the carrier for safekeeping, the risk of loss or damage to the goods, and the additional costs caused by the events that occur after the goods are handed over to the carrier, that is, transferred from the seller to the buyer.

Nouns include negotiation of transactions, conclusion of contracts, accounting, and costs.

FOB: is the English abbreviation of Freeonboard or Freightonboard, which means "Shipment or Free on Board at Dry Port (Designated Port of Shipment)" in Chinese. Using this term, the seller shall be responsible for the export customs clearance, delivery of the goods to the ship assigned by the buyer within the port of shipment and within the specified time limit specified in the contract, bear all risks before the goods cross the ship's side at the port of shipment, and notify the buyer in a timely manner.

The risk transfer rules in this article have been amended in the 2010 General Principles of International Terminology Interpretation, and the risk is transferred to the buyer after the goods are loaded on board the ship at the port of shipment. (Due to the transfer of risk from crossing the ship's side as stipulated in the 2000 Interpretation of the General Principles, it is not convenient to provide evidence as to whether the group stove crosses the ship's side, so it is amended.) ）

The term, also known as the condition and the term, is a term that has been produced in long-term international practice, and it is a special term used to describe the construction of goods, indicate the place of delivery, and determine the division of risks, costs and responsibilities.

What it does:

1. It is conducive to the negotiation of transactions and the conclusion of contracts between buyers and sellers. Since each of the first terms has a unified interpretation of the obligations of the buyer and the seller, it is conducive to the buyer and the seller to clarify their respective rights and obligations and close the transaction as soon as possible.

2. It is conducive to the calculation of the first and the best costs for both buyers and sellers. Various terms have a clear definition of who bears the costs, freight and insurance premiums, and it is easier for buyers and sellers to calculate the costs and costs.

3. It is conducive to resolving disputes in the performance of the contract. Since the terms are interpreted by the relevant international practices, the terms are also known as conditions and terms for disputes between the buyer and the seller in the transaction, which can be interpreted by the international practice.

The terms of the contract are negotiated (or negotiated several times) by both parties according to their own terms and the benefits obtained in the process.

Depending on the terminology, the risks, costs and liabilities borne by both parties are different, depending on the risk that the buyer and seller are willing to take.

**Commonly used terms are: FOB (fob), CIF (CIF price), CFR.

FOB (Free On Board): Free on Board (......Designated port of shipment), which provides that the seller must deliver the goods to the ship nominated by the buyer at the named port of shipment within the shipping period specified in the contract and bear all costs and risks of loss of or damage to the goods until the goods cross the ship's side. c

if(cost, insurance and ......freight): cost, insurance and freightDesignated port of destination) means that the seller must deliver the goods to the ship destined for the designated port of destination at the port of shipment within the shipping period specified in the contract, bear all costs and the risk of loss or damage of the goods until the goods cross the ship's side, apply for cargo insurance, pay insurance premiums, and be responsible for chartering and booking, and pay the normal freight from the port of shipment to the port of destination.

CFR (Cost and Freight): Cost and Freight (......Designated port of destination) means that the seller must deliver the goods to the ship destined for the designated port of destination at the port of shipment within the shipping period specified in the contract, bear all costs and the risk of loss or damage of the goods until the goods cross the ship's side, and be responsible for chartering and booking the ship and paying the normal freight to the port of destination.

Because, the export is traded with CIF, which includes freight and premiums, so the foreign exchange charged is more, and the import is traded with FOB, because the importer arranges the charter and booking, and the freight can be paid in RMB, then the foreign exchange is less - but this is the internal policy of the country in the past when the foreign exchange is tight, that is, to earn foreign exchange as low as possible, and to point out less foreign exchange.

However, now China is the largest country in foreign reserves, there is no shortage of foreign exchange, therefore, this kind of topic is only seen in textbooks, and in practice, you can master it according to your own habits or customer requirements, and there is no need to be so rigid.

Is that correct? We're exporters, but we usually like FOB.