Incoterms for Apparel Export

INCOTERMS Aravin Prince Periyasamy M.Tech (Textiles) aravinprince@gmail.com 0091-9790080302 Incoterms These are Internationally Accepted Commercial Terms defining the respective roles and responsibilities (including costs) of the buyer and seller in the arrangement of transportation and other obligations Incoterms 2000  First published by the ICC in 1936  ICC (International Chamber of Commerce) Official Rules for the Interpretation of Trade terms.  Purpose is to provide a set of international rules for the interpretation of the most commonly used trade terms.  10 categories describing where risks lie between seller and buyer  International Commercial Terms (INCOTERMS) Incoterms – Purpose and Scope  Pricing terms, shipping terms, sales terms  Apply to international trade  Define the rights and obligation of the parties to the contract of sale with respect to the delivery of goods sold. [...]...In Summary  Buyer’s Objective: maximize control of supply chain, use FOB, FCA, or FAS  Must name a place after the INCOTERM  INCOTERMS are negotiable!  INCOTERMS should appear on all commercial documents  Establish a close relationship with a forwarder 11  . international rules for the interpretation of the most commonly used trade terms.  10 categories describing where risks lie between seller and buyer  International Commercial Terms (INCOTERMS) Incoterms. arrangement of transportation and other obligations Incoterms 2000  First published by the ICC in 1936  ICC (International Chamber of Commerce) Official Rules for the Interpretation of Trade terms. . INCOTERMS Aravin Prince Periyasamy M.Tech (Textiles) aravinprince@gmail.com 0091-9790080302 Incoterms These are Internationally Accepted Commercial Terms