What is INCOterms？
TradeTermsofInternationaltrade, terms of trade and price terms is according to the usual practice in international trade of goods stipulated delivery transportation responsibility used to benchmark。
Led by the International Chamber of Commerce, it is an international private economic organization and a first-level advisory body of the United Nations。
This is not the law, there is no absolute constraint, just relative。
The main contents are how the goods are delivered, under what conditions, the person responsible for the cost, the sign of the real right transfer, and the place where the insurance takes effect。
Three standard updates for the 21st century。
The role of Incoterms。
One is to reduce transaction costs。
The second is to resolve trading disputes。
The third is to coordinate the responsibilities and obligations of participants。
The fourth is to broker a deal。
The participants are mainly exporters, importers, agents, shipowners, insurance companies and banks。
Coterms are directly incorporated into contracts to form binding force。
At the same time, it also avoids the inconsistency in the understanding of contract terms and the disputes that may occur in the performance of the contract。
The division of responsibilities and obligations between the 11 terms and the cost bearers。
Incoterms declaration requirements。
Import and export instructions for customs declaration at Chinese ports。
The transportation insurance premium in the trade term is a subordinate fee constituting the commodity price. According to the regulations of China's import and export commodity taxation administration, the subordinate fee should be included in the customs value of the commodity。
It is defined as incidental expenses incurred before entering and leaving the country。
Fill in the INCOterms in the transaction method column of the declaration form, and fill in the code table according to the latest transaction method of the customs。
Transportation costs: can be filled by unit price, total price, rate three ways。The transportation insurance premium may be filled in jointly。
Premium: It can be filled in one of two ways according to the total policy price and rate。Freight combined with this column is not required。
Miscellaneous charges: can be filled in according to the total price and exchange rate。Some miscellaneous expenses need to be incorporated into the review price, fill in the positive number, and fill in the negative deduction。