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 The Seller
or Exporter:
1) Produces the goods and commercial documents as required by the sales
contract.
2) Arranges for export clearance - IF stipulated in the sales contract.
3) Makes the goods available to the buyer alongside the vessel at the named
port of shipment.
4) Assumes all risk to the goods (loss or damage) only up to the point they
have been delivered to the port at the
named place and time stipulated in
the sales contract.
5) Seller must advise the buyer of the location and time that goods have
been delivered alongside the named vessel.
6) Seller has to provide the buyer with proof of delivery to the carrier
or transport documents.
The Buyer
or Importer:
1) Buyer must pay for the goods as per the sale contract
2) Buyer must obtain all commercial documentation, licenses, authorizations, import formalities at own risk and cost.
3) Buyer must take delivery
of the goods when they have been made available by the seller alongside
the vessel at the
named port of origin. Otherwise, buyer shall be
responsible for all additional costs as the result.
4) Buyer must assume all risk and
responsibility for the goods from the time the goods have been delivered
alongside
the vessel to delivery into the buyer’s warehouse or other specified
location.
5) Buyer pays for all costs of transportation, insurance, export
and import customs and duty fees, and all other
formalities and charges
related to the transportation of the shipment from the time the goods have
been delivered
alongside the vessel. This includes all costs relating to
loss or damage of goods or non-delivery from the time the
goods have been
delivered alongside the vessel.
6) Buyer would accept the seller’s proof
of delivery to the carrier or transport documents.
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