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Movement Towards Visa-Free Regime with EU Is Slow, Medvedev Said

2016-04-26 (23:03)

Russian Prime Minister Dmitry Medvedev has said he’s frustrated with the slow pace ...


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Port of Antwerp Experiences Slight Decline in Freight Volumes

2016-04-28 (22:59)

The port of Antwerp handled 138,905,003 tonnes of freight during the first nine months...


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Container Cargo Turnover at Latvian Ports Increased by 23.8% in January-September

2016-03-26 (23:28)

Container cargo turnover at Latvian ports grew by 23.8% in the fir...


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INCOTERMS 2000

Free On Board(FOB).

Delivery is considered to be completed when the goods are loaded on a ship. The Seller is responsible for export customs clearance. Since the Goods are loaded on a ship all the responsibilities for its further transportation and transport expenses pass to the Buyer.



Free Alongside Ship(FAS).

Delivery is considered to be completed when the goods are loaded alongside a ship's board. The seller is responsible for export customs clearance. Since the goods are loaded on a ship all the responsibilities for its further transportation and transport expenses pass to the buyer.



Carriage Paid To(CPT).

The seller delivers the goods to the carrier of the buyer. All risks and expenses of delivery to the carrier are taken by the seller and thereafter are transfered to the buyer.



Cost, Insurance and Freight(CIF).

Delivery is considered to be completed when the goods are loaded on a ship. The seller should pay for the sea transportation to the buyer's port. The seller also makes and pays for the goods insurance. All risks and expenses of delivery to the ship are taken by the seller and thereafter are transfered to the buyer.



Carriage and Insurance Paid to(CIP).

The seller delivers the goods to the carrier of the buyer and arranges the goods insurance. All risks and expenses of delivery to the carrier are taken by the seller and thereafter are transfered to the buyer.



EX Works(EXW).

The delivery considered to be completed since the moment when the seller transfers the goods to the buyer at the seller's promises. Thereafter all risks and expenses of delivery are taken by the buyer.



Delivered Ex Quay(DEQ).

This kind of shipping agreement suggests that the seller takes the risks of the goods transportation to the port and the goods unloading to the quay, excluding customs clearance. All the further risks and expenses including customs clearance are transmitted to the buyer.



Delivered Ex Ship(DES).

The seller takes the risks of the goods delivery and its unloading to the ship's board. All the further risks and expenses including customs clearance are transmitted to the buyer.



Delivered Duty Unpaid(DDU).

The seller takes the risks of the goods delivery to the negotiated point where the goods are taken by the buyer or his agents. All the further risks and expenses including customs clearance are transmitted to the buyer.



Delivered Duty Paid(DDP).

The seller takes the responsibility for the customs clearance and the risks of the goods delivery to the negotiated point where the goods are taken by the buyer or his agents. All the further risks and expenses are transmitted to the buyer.



Delivered At Frontier(DAF).

The seller takes the responsibility for the customs clearance and the risks of the goods delivery to the frontier (the place considered to be a frontier is usually pointed precisely) where the goods are taken by the buyer or his agents. All the further risks and expenses are transmitted to the buyer.