INCOTERMS
Incoterms are the International Chamber of Commerce’s standard definitions of trading terms internationally recognised world-wide and clearly define obligations of seller and buyer respectively. Below is a brief guide to the terms:
EXW
Ex Works – seller makes goods available at his warehouse, carriage arranged by buyer.
FCA
Free Carrier – seller arranges/pays for pre-carriage to named place in country of export.
FAS
Free Alongside Ship – seller arranges/pays for pre-carriage to a named port of shipment.
FOB
Free On Board – seller arranges for pre-carriage to a named port of shipment paying for all costs to over ship’s rail.
CFR
Cost and Freight – seller arranges/pays for carriage to arrival destination port.
CIF
Cost, Insurance, Freight – as CFR plus seller insures the freight.
CPT
Carriage Paid To – seller arranges/pays for carriage to a named place of destination.
CIP
Carriage and Insurance Paid – as CPT, plus seller insures the freight.
DAF
Delivered at Frontier – seller arranges/pays for freight to a named place/frontier.
DES
Delivered Ex Ship – seller arranges/pays for carriage to port of destination, making goods available to buyer.
DEQ
Delivered Ex Quay – seller arranges/pays for pre-carriage to landed port of destination, making the goods available to buyer.
DDU
Delivered, Duty Unpaid – seller arranges/pays for carriage to named place of destination.
DDP
Delivered, Duty Paid – as DDU, plus seller arranges/pays for all import duties and local taxes.
IMCO CODES
IMDG/IMCO Codes are set by the International Maritime Organization for the safe transportation of dangerous goods by vessel and to prevent marine pollution:
Class 1 – Explosives
1.1; 1.2; 1.3; 1.4; 1.4s; 1.5
Class 2 - Gases
2.1 Flammable gas
2.2 Non-Flammable Gas
2.3 Poisonous or harmful gas
Class 3 - Flammable Liquids
3.1 Flashpoint from 0 to minus 18 C
3.2 Flashpoint from 0 to plus 23 C
3.3 Flashpoint from plus 23 C to plus 60 C
Class 4 - Flammable Solids
4.1 Flammable solids
4.2 Solids liable to sponteneously combust
4.3 Solids that become unstable when wet
Class 5 - Oxidising Agents
5.1 Oxidising agents
5.2 Organic agents or peroxides
Class 6 - Poison / Harmful Substances
6.1 Solid or liquid poisons
6.2 Biohazardous cargo
Class 7 - Radiactive Cargo
Class 8 - Corrosive Cargo
