A212: The short answer is that there is no requirement for an Incoterms Rule to be shown anywhere other than in a private contract of sale, and only then if the parties to that contract wish to do so. But the use of Incoterms is frequently overemphasized. For example, clearing agents sometimes ‘force’ Incoterms into […]
A211: For historical reasons, this model is referred to (by SARS, at least) as being “A Sale on the High Seas”, although technically it could be applied to an air or road or rail import model too, and need not involve “The High Seas” at all, this term referring only to areas of the seas […]
A210: Until such time as import duties and taxes are brought to account, goods arriving in South Africa are administratively “not here”, even though they may be physically located in the Republic. They are not in free circulation and not yet part of the economy. As such, if goods are held in bond for eventual […]
A209: The current version of Incoterms rules carries this notice in the Explanatory Notes to EXW – “…With delivery happening … within the seller’s jurisdiction or within the same Customs Union, there is no obligation on the seller to organise export clearance or clearance within third countries through which the goods pass in transit. Indeed, […]
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 […]