They can be used even when there is no maritime transport at all. It is important to remember, however, that these rules can be used in cases where a ship is used for part of the carriage. This more closely reflects modern commercial reality and avoids the rather dated image of the risk swinging to and fro across an imaginary perpendicular line. In various areas of the world, however, trade blocs, like the European Union, have made border formalities between different countries less significant. Two developments have persuaded the ICC that a movement in this direction is timely.
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They are incorporated in contracts for the delivery of goods worldwide and provide guidance to importers, exporters, lawyers, transporters, insurers and students of international trade. This information should be read in the context of the full official text of the rules, which can be obtained from ICC Knowledge 2 Go. These extracts may be reproduced, provided that the source is cited and a link to the ICC e-commerce platform is mentioned.
The seller does not need to load the goods on any collecting vehicle, nor does it need to clear the goods for export, where such clearance is applicable. The parties are well advised to specify as clearly as possible the point within the named place of delivery, as the risk passes to the buyer at that point. The buyer should note that under CIP the seller is required to obtain insurance only on minimum cover.
Should the buyer wish to have more insurance protection, it will need either to agree as much expressly with the seller or to make its own extra insurance arrangements. The seller bears all risks involved in bringing the goods to and unloading them at the terminal at the named port or place of destination.
The seller bears all risks involved in bringing the goods to the named place. The seller bears all the costs and risks involved in bringing the goods to the place of destination and has an obligation to clear the goods not only for export but also for import, to pay any duty for both export and import and to carry out all customs formalities. The risk of loss of or damage to the goods passes when the goods are alongside the ship, and the buyer bears all costs from that moment onwards.
The risk of loss of or damage to the goods passes when the goods are on board the vessel, and the buyer bears all costs from that moment onwards. The risk of loss of or damage to the goods passes when the goods are on board the vessel. The seller must contract for and pay the costs and freight necessary to bring the goods to the named port of destination. The buyer should note that under CIF the seller is required to obtain insurance only on minimum cover. Related page.
Incoterms 2010 et 2020 : la répartition des risques lors du transport de la marchandise
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