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The world is a global economy, and so are the terms and conditions which define the rules of the trade. How inconvenient would it be for the importer and exporter if the terms are not clearly defined or separate meanings are attached to the terms as per the jurisdiction of the government? Transactions would have been cumbersome, and trade would not have been smooth.
To overcome these issues and to ensure that trade happens smoothly without causing any inconvenience to the parties involved,the International Chamber of Commerce developed 11 Incoterms and Delivery At Terminal is one amongst these.
Delivery At Terminal means when the terms of the agreement say that the seller is responsible for the safe delivery of goods until the goods are offloaded at the point of destination or the final terminal.
As per this definition, the seller is responsible for delivering the goods by incurring the export expenses and arranging for all the expenses related to handling charges at the terminal. The buyer has to incur the cost of customs clearance of goods.
In Delivery at Terminal, the word Terminal means the specific port or destination where the goods have to be unloaded in the buyer’s country.Since DAT is applicable for all sorts of transportation so it can include rail, sea, air, warehouse, dock, port, railway station, airports, and free zones.
The most important point here is that the terminal has to be mentioned in the contract.
Seller:
Under DAT, the major part is played by the seller so following is the list of obligations he has to fulfill:
Buyer:
Delivery AT Terminal makes the transactions hassle-free for the buyer and is convenient because the risk and costs are reduced in this case.