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International trade transactions

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International Trade Transactions INCOTERMS 2010 GROUP D : DELIVERED AT TERMINAL (DAT)  Definition: This term means that the seller covers all the costs of transport (export fees, carriage, insurance, and destination port charges) and assumes all risk until after the goods are unloaded at the terminal  “Terminal” includes any place, whether covered or not, such as a quay, warehouse, container yard or road, rail or air cargo terminal  The buyer covers the cost of transporting the goods from the terminal or port to final destination and pays the import duty/taxes/customs costs  The seller assumes a large portion of the risks and costs of transport This term applies to any mode of transport  Delivery Condition: The seller delivers when the goods, unloaded from the arriving means of transport, are placed at the disposal of the buyer at a named terminal at the named port or place of destination "Terminal" includes any place, whether covered or not, such as factory, warehouse, container yard or road, rail or air cargo terminal (address)  Point of Risk Transfer: Specific point within the named terminal at port or place of destination  Point of Cost Transfer: Specific point within the named terminal at port or place of destination  Packaging: Seller’s responsibility and cost  Export Clearance & Security: Seller’s responsibility and cost  Inspection: Seller’s responsibility and cost, only if the inspection is mandated by local authorities  Loading: Seller’s responsibility and cost  Carriage: Seller’s responsibility and cost up to the Terminal and Buyer’s responsibility and cost from the Terminal  Insurance: No obligation to arrange but buyer’s cost and responsibility if requested  Import Clearance & Security: Buyer’s responsibility and cost  Unloading: Buyer’s responsibility and cost, unless unloading in the Terminal cost is included in the contract of carriage  Notification: The Seller timely notifies the Buyer when and where the goods have been delivered The Buyer timely notifies the Seller the time and the point of taking goods  Documentation: The Seller must provide the Buyer with the document enabling the Buyer to take the delivery The Buyer must accept delivery document

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