Incoterms (International Commercial Terms)

BV Belgian Import and Retailing Company operates in accordance with internationally recognized Incoterms® as published by the International Chamber of Commerce (ICC). These terms define the responsibilities of buyers and sellers in international trade, including the delivery of goods, transfer of risk, and allocation of costs.

Unless otherwise agreed in writing, all transactions are governed by the latest version of Incoterms® (currently Incoterms® 2020).

Commonly Used Incoterms

EXW (Ex Works)

The seller makes the goods available at its premises. The buyer bears all costs and risks involved in transporting the goods from the seller’s location to the final destination.

FCA (Free Carrier)

The seller delivers the goods to a carrier or another party nominated by the buyer at a specified location. Risk transfers once the goods are handed over to the carrier.

FOB (Free On Board)

The seller is responsible for delivering the goods on board the vessel at the designated port of shipment. Risk transfers to the buyer once the goods are loaded onto the ship.

CFR (Cost and Freight)

The seller covers the cost and freight necessary to bring the goods to the destination port. Risk transfers once the goods are loaded onto the vessel.

CIF (Cost, Insurance and Freight)

In addition to covering freight costs, the seller also provides insurance for the goods during transit to the destination port.

DAP (Delivered at Place)

The seller delivers the goods to a specified destination, ready for unloading. The buyer is responsible for import duties and taxes.

DDP (Delivered Duty Paid)

The seller assumes full responsibility for delivering the goods to the buyer’s location, including all costs, duties, and taxes.

General Conditions

The specific Incoterm applicable to each transaction will be clearly defined in the quotation, contract, or invoice. It determines the division of responsibilities, costs, and risks between the buyer and BV Belgian Import and Retailing Company.

Customers are advised to review and understand the selected Incoterm prior to entering into any agreement. For further clarification, our team is available to provide guidance and support.

Disclaimer

This page is provided for informational purposes only and does not replace or override contractual agreements. In case of any discrepancy, the agreed contract terms shall prevail.

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