A208: (Importantly, as further background, the seller stowed the container at their premises, i.e., the buyer’s carrier collected “ex works.”) First, consider the nature of the damage – is incorrect or inadequate stowage the only cause? Then, refer to the contract terms; are there any specific stowage instructions that have not been met? The seller […]

A207: It is a criminal offence to include anything on, or omit anything from, a commercial invoice that results in a false statement to customs. For example, if you did not incur the international carriage (commonly called the “freight”) then you cannot include it on your commercial invoice. Conversely, if you did incur it you […]

A206: The Incoterms Rule DAP (Delivered At Place) puts the seller at risk of loss of or damage to the goods until ‘delivery’. Delivery in this Rule is the arrival of the goods at the placed named in the Rule or sales contract. Although neither party (the seller nor the buyer) is obligated under the […]

Day One Exchange control for exports and merchantingThe UCR SystemDefault positions and solutions.BoP Reporting Day Two Overview: A course covering the complexities of the vendor’s VAT position dealing with export and offshore supplies in international trade. Detail: Export Regulation R.316 and Indirect Exports;Zero-Rated Direct Exports & VAT;Special SuppliesReturn & Repair;Merchanting and offshore selling, etc.We will […]

Thank you for showing an interest in this material. This course, although accessible to entry-level delegates, comprises of a series of sessions that are designed to allow for a more thorough understanding of the subject. Seasoned users of commercial terms will also benefit by the material, as we unpack some of the finer points of […]