Who is responsible for chartering and booking in CIP and CPT trade terms?

Updated on Financial 2024-08-06
8 answers
  1. Anonymous users2024-02-15

    CIP carriage and insurance piad Freight The insurance premium is paid to the destination.

    It means that the seller is responsible for entering into the contract of carriage, handing over the goods to the first carrier at the place of export within the agreed time, assuming all risks and expenses before that, paying the freight of the goods to the destination, and insuring the goods with transportation risks and paying insurance premiums;

    The buyer shall bear all the risks after the carrier takes custody, and bear all expenses except freight and insurance premiums, and pay the agreed price.

    I see it as a CIF that can be used for all modes of transportation

    CPT carriage paid to Shipping to destination is about the same as CIP Less than a premium.

  2. Anonymous users2024-02-14

    Where C begins with the seller's responsibility.

  3. Anonymous users2024-02-13

    A sales contract with Group C terms is a shipment contract like a sales contract with Group F terms.

    The contract of shipment is characterized by the fact that the seller pays the usual transportation costs required to transport the goods by their usual route and customary means to the agreed place, while the risk of loss of or damage to the goods and the additional costs incurred in the event of an accident after the goods have been properly delivered for carriage are borne by the buyer. Thus, the Group C term contains two "cut-off points" that distinguish it from all other terms:

    One is to specify the point at which the seller must arrange for the carriage and bear its costs;

    The other point is the demarcation of risk.

    For this reason, special care should be taken when increasing the seller's obligations under Group C terms and extending the seller's liability beyond the "cut-off point" of the above risk classification. In CIF and CAP terms, the seller is exempted from any further risks and costs after fulfilling its contractual obligations, entering into a contract of carriage, delivering the goods to the carrier and insuring them, which is the essence of the Group C terminology.

    The 2010 International Terminology Interpretation Principles, which states that CIP and CPT are "the seller delivers the goods to a carrier or other person appointed by the seller at an agreed place (if the parties have agreed place), and the seller must enter into a contract of carriage (and insurance CIP) to bear the freight required to transport the goods to the destination." "From this point of view, it should be the seller who is responsible for chartering and booking.

  4. Anonymous users2024-02-12

    International**, also known as trade, refers to the transaction of goods and services across national borders, which is generally composed of imports and exports, so it can also be called import and export.

    1. According to the direction of the movement of goods, the international ** can be divided into: import**, export**, transit**.

    2. According to the statistical standards, the international standard can be divided into: general, special.

    3. According to the international ** commodity form, it can be divided into: tangible**, intangible**.

    4. According to whether there is a third party to participate in the international **, it can be divided into: direct**, indirect**, and re-export**.

    5. According to the number of participating countries, international ** can be divided into: bilateral**, multilateral**.

    6. According to the international settlement instrument**, it can be divided into: spot exchange**, accounting**, and barter**.

    7. According to the mode of cargo transportation, it can be divided into: land**, sea**, air**, mail order**.

    8. According to the level of economic development, the international community can be divided into: horizontal, vertical.

    9. According to the regional and international**, it can be divided into: south-south**, north-south**, north-north**.

    International goods** belong to the scope of commodity exchange, and domestic ** is not different in nature, but because it is carried out between different countries or regions, it has the following characteristics compared with domestic **:

    International goods** involve differences and conflicts that may exist in different countries or regions in terms of policy measures and legal systems, as well as differences in language, culture, social customs, etc., and the issues involved are far more complex than those in China.

    The transaction volume and amount of international goods are generally larger, the transportation distance is longer, and the performance time is longer, so the risk borne by both parties to the transaction is much greater than that of domestic goods.

    International goods** are susceptible to the conditions of political and economic changes, bilateral relations and changes in the international situation in the countries where the parties to the transaction are located.

    In addition to the two parties to the transaction, international goods also need to involve the cooperation and cooperation of transportation, insurance, banking, commodity inspection, customs and other departments, and the process is much more complex than that of domestic goods.

  5. Anonymous users2024-02-11

    International** encompasses a wide variety of aspects and is complex in nature. From different perspectives, different classifications can be made for international **, the most basic of which are: export**, import**, transit**, tangible**, intangible**, indirect**, indirect**, re-export**, total**, special**, spot exchange**, bookkeeping**, barter**.

    Extended content. 1. The international major of the self-study examination of higher education is set up to meet the needs of the society for professionals in the field and cultivate a higher level of application-oriented professionals engaged in international and related fields, and its purpose is to cultivate application-oriented professionals in related industries in a more open and flexible form of education.

    2. Professional requirements: Students trained in international majors should systematically master the basic principles of Marxist economics and the basic theories of international economy and international economy, master the basic knowledge and basic skills of international economy, understand the development status of contemporary international economy, and be familiar with the prevailing international rules and practices, as well as China's foreign policies and regulations.

  6. Anonymous users2024-02-10

    International ** is composed of two parts: import trade and export trade, so it is sometimes called import and export.

    2. According to the form of commodities, the international ** can be divided into 1. Visible trade: the import and export of commodities in physical form. For example, machinery, equipment, furniture, etc. are all commodities in physical form, and the import and export of these goods are called tangible**.

    2. Invisible trade: the import and export of technology and services without physical form. The transfer of patent use rights, tourism, and cross-border services provided by financial and insurance companies are all commodities without physical form, and their import and export are called intangibles.

    3. According to the relationship between the producing country and the consuming country, the international trade can be divided into: 1. Direct trade: refers to the behavior of the commodity producing country and the commodity consuming country buying and selling commodities without a third country. ** is referred to as direct export on the part of the exporting country and direct import on the part of the importing country.

    2 indirect trade and transit trade: refers to the act of buying and selling commodities between commodity producing countries and commodity consuming countries through third countries, the producing countries in indirect ** are called indirect exporters, and the consumer countries are called indirect importers, while the third country is a re-export country, and the third country is engaged in re-exporting.

    Fourth, according to the content of: service, processing, goods, general.

  7. Anonymous users2024-02-09

    Should include:

    Confirmation of cargo details.

    Confirmation of the way of packing.

    Choice of terminology.

    Selection of billing method and billing cycle.

    Determination of the mode of transport.

    Agreed upon delivery date.

    Clear quality requirements.

  8. Anonymous users2024-02-08

    You're asking too broadly. 、

    But if it's work, it's actually very simple, that is, to sell the products you want to sell to foreigners.

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