Incoterms

All types of transport

EXW (EX WORKS)

Intrastat – Acquisitions: Add the transport value from the point of shipment to the Romanian border. Value Statistics> Billed Value

Intrastat – Deliveries: The transport value is collected from the starting point to the Romanian border. Value Statistics> Billed Value

Description: The product and risks are transferred to the buyer, including shipping and insurance costs at the gate of the vendor’s factory. It is the most convenient delivery condition for the seller who has to put the packaged goods at the buyer’s disposal, which is obliged to load it at his expense and risk.

FCA (Free Carrier)

Intrastat – Acquisitions: Add the transport value from the point of shipment to the Romanian border. Value Statistics> Billed Value

Intrastat – Deliveries: The transport value is collected from the starting point to the Romanian border. Value Statistics> Billed Value

Description: Franco caraus means that the seller fulfills his delivery obligation when handing over the goods for export, in the care of the carrier designated by the buyer at the agreed place or point. If the buyer does not indicate an exact point, the seller may choose the point from the specified place or range where the carousel is about to take the cargo into custody. If according to commercial practice, the seller’s support for the conclusion of the contract with the carrier (as in CFR or air transport) is necessary. The seller acts on the buyer’s risk and expense.

CPT (Carriage Paid To)

Intrastat – Acquisitions: Lower the value of the transport from the Romanian border to the point of destination.Value Statistics <Billed Value

Intrastat – Deliveries: The transport value is reduced from the point of shipment to the Romanian border. Value Statistics <Billed Value

Description: The seller pays for shipping the goods at the agreed destination. The risks of loss or damage to the merchandise, as well as any other additional expenses caused by events that took place after the goods were handed over to the buyer, pass from the seller to the buyer when the goods were handed over to the carrier. If successive carriages are used for the carriage of goods, the risks pass from the seller to the buyer when the cargo was handed over to the first carrier. The term CPT implies the obligation of the vendor to export the goods for export. This term can be used for all modes of transport, including for multimodal transport.

CIP (Carriage and Insurance Paid)

Intrastat – Acquisitions: The value of transport and insurance decreases from the Romanian border to the point of destination.Value Statistics <Billed Value

Intrastat – Deliveries: The value of transport and insurance decreases from the point of dispatch to the Romanian border. Value Statistics <Billed Value

Description: The seller has the same obligations as the CPT term but additionally he must also provide insurance to cover the risk of loss or damage of the cargo during transport. Seller terminates the contract and pays the insurance premium. The buyer must note that in the case of CIP the seller is required to obtain the insurance premium for minimum coverage. The term CIP implies the obligation of the vendor to export the goods for export. This term can be used for all modes of transport, including for multimodal transport.

DAT (Delivered at Terminal)

Intrastat – Acquisitions: Lower the value of the transport from the Romanian border to the point of destination.Value Statistics <Billed Value

Intrastat – Deliveries: The transport value is reduced from the point of shipment to the Romanian border. Value Statistics <Billed Value

Description: The seller delivers and discharges from the means of transport to the terminal (from his port or place) established with the buyer. Terminal means any place such as: keys; deposit; street; Cargo terminal; CFR terminal. The seller covers all costs for delivering and unloading the goods at the established terminal. It is recommended that the notion of Terminal be very well specified. The DAT covers export clearance formalities but does NOT include the cost of import customs clearance formalities.

 

DP (Delivered Duty Paid)

Intrastat – Acquisitions: The value of transport and insurance decreases from the Romanian border to the point of destination.Value Statistics <Billed Value

Intrastat – Deliveries: The value of transport and insurance decreases from the point of dispatch to the Romanian border. Value Statistics <Billed Value

Description: The seller fulfills his delivery obligation when the goods were made available to the buyer at the agreed place in the importing country. The seller has to bear all costs and risks associated with bringing the merchandise to this place, including customs duties, other taxes and official duties to be paid on importation, as well as the costs and risks of customs formalities. This term can be used irrespective of the mode of transport.

 

 

Sea and land transport

FAS (Free Alongside Ship)

Intrastat – Acquisitions: Add the transport value from the point of shipment to the Romanian border. Value Statistics> Billed Value

Intrastat – Deliveries: The transport value is collected from the starting point to the Romanian border. Value Statistics> Billed Value

Description: The seller fulfills his delivery obligation when the merchandise was placed along the vessel, on keys or on barges, barges or ferries, at the agreed port of call. This means that all costs and risks of loss or damage to the merchandise are incurred at that time by the buyer. The term FAS involves the obligation of the buyer to clear the goods for export and should not be used if the buyer can not directly or indirectly fulfill the export formalities. This term can only be used for sea or inland waterway transport.

FOB (Free On Board)

Intrastat – Acquisitions: Add the transport value from the point of shipment to the Romanian border. Value Statistics> Billed Value

Intrastat – Deliveries: The transport value is collected from the starting point to the Romanian border. Value Statistics> Billed Value

Description: The seller fulfills his delivery obligation when the goods have passed the ship’s balustrade in the agreed port of call. The costs and risks of loss and damage to the goods are borne from that time by the buyer. The FOB term implies the seller’s obligation to clear the goods for export. This term can only be used for sea or inland waterway transport. If the railing of the vessel is not relevant, such as roll-on / roll-off or containerized traffic, it is more appropriate to use the term FCA.

CFR (Cost & Freight)

Intrastat – Acquisitions: The value of transport is reduced from the point of shipment to the Romanian border. Value Statistics <Billed Value

Intrastat – Deliveries: The value of the transport is reduced from the Romanian border to the destination point. Value Statistics <Billed Value

Description: The seller has to pay the freight and the costs necessary to bring the cargo to the agreed port of destination but the risk of loss or damage to the cargo as well as any additional costs caused by events that occurred after the goods were delivered on board The ship is transferred from the seller to the buyer as soon as the cargo passes through the ship’s rail at the port of shipment. The term C.F.R implies the obligation of the vendor to export the goods for export. If the ship’s railing is not relevant, as in the case of roll-on / roll-off or containerized traffic it is more appropriate to use the term CPT.

CIF (Cost, Insurance and Freight)

Intrastat – Acquisitions: The value of transport and insurance decreases from the Romanian border to the point of destination.Value Statistics <Billed Value

Intrastat – Deliveries: The value of transport and insurance decreases from the point of dispatch to the Romanian border. Value Statistics <Billed Value

Description: The seller has the same obligations as the CFR but in addition he must carry out the marine insurance covering the buyer’s risk of piracy or damage to the cargo during shipping. Seller terminates and pays the insurance contracts and pays the insurance premium. The buyer notes that for the CIF term, the seller is required to obtain insurance for the minimum coverage. The CIF term implies the obligation of the vendor to export the goods for export. If the ship’s railing is not relevant, as in the case of roll-on / roll-off or containerized traffic, it is more appropriate to use the term CIP.