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Incoterms


Introduction

Incoterms are a set of rules which defines the responsibilities of sellers and buyers for the delivery of goods under international trade. Incoterms are used to create a bridge between different members of the industry by acting as a uniform language they can use.It defines appropriate costs and responsibilities which are associated with the delivery of goods between buyer(importers) and supplier(exporters). The first incoterms was released in 1936. The most recent version of incoterms is incoterms(2010) and became effectine january 1,2011.

What are Incoterms used for?

Incoterms also deals with the documentation part of Global Trade, defines which parties are responsible for which document. In the end, however, the terms wind up boiling down to a few basic specifics:

  • Control: who owns the goods at a given point in the journey?
  • Costs: who is responsible for the expenses involved in a shipment at a given point in the shipment's journey?
  • Liability: who is responsible for paying damage to goods at a given point in a shipment's transit?

Category

Incoterms are listed by categories. These categories are listed as follows:-

  • C terms deals with shipments where the seller pays for shipping.
  • F terms deals with shipments where the cost of shipping is not paid by the seller.
  • E terms occurs when a seller's responsibilities are fullfilled when goods are ready to departure from their facilities.
  • D terms occurs when shipper/seller's responsibility ends when the goods arrive at some specific point.

References

For further details please visit the sites:-

www.iccwbo.org
www.export.gov
India export 7102 products 6.98 million on 2016-11-19. Total export shipments reported were 0 during this period. Average Price for this period was 24,834.22 INR.

Export Trade data

HS Code Product Value price Date from to
71022990 DIAMOND POWDER SIZE AS PER EXPORT INV 84.00 0.06 2016-02-11 Banglore Air Cargo DAMMAM
71022990 DIAMOND POWDER 0-1/2 18.00 0.01 2016-02-04 Banglore Air Cargo MILAN
71022990 DIAMOND POWDER 4-8 15.00 0.01 2016-02-04 Banglore Air Cargo MILAN
Origin Ports for exportfrom India..Banglore Air Ca…Banglore Air Ca…Banglore Air Ca…0.000.020.040.060.08
PortValues
Banglore Air Cargo0.063
Banglore Air Cargo0.007
Banglore Air Cargo0.008
Destination Ports forexport from India..DAMMAMMILANMILAN0.000.020.040.060.08
PortValues
DAMMAM0.063
MILAN0.007
MILAN0.008
Top export shipmentsDIA…DIA…DIA…80.8%
PortValues
DIAMOND POWDER SIZE AS PER EXPOR...0.063
DIAMOND POWDER 0-1/2 0.007
DIAMOND POWDER 4-8 0.008
View detailed market data

Import Trade data

HS Code Product Value price Date to from
71023910 PEAR, HSI1 (CUT & POLISHED DIAMOND) (1.51 CARAT) 464,967.00 0.47 2016-02-05 Delhi Air Cargo BELGIUM
71023910 PEAR, HSI1 (CUT & POLISHED DIAMOND) (1.54 CARAT) 474,205.00 0.47 2016-02-05 Delhi Air Cargo BELGIUM
71023910 PEAR, ISI1 (CUT & POLISHED DIAMOND) (3.43 CARAT) 1,643,320.00 1.64 2016-02-05 Delhi Air Cargo BELGIUM
71023910 PEAR, ISI2 (CUT & POLISHED DIAMOND) (5.1 CARAT) 2,754,401.00 2.75 2016-02-05 Delhi Air Cargo BELGIUM
71023990 POLISHED DIAMONDS (17.39 CTS) 3,507,132.00 10.52 2016-02-05 Delhi Air Cargo BELGIUM
71023990 POLISHED DIAMONDS (47.12 CTS) 3,823,340.00 34.41 2016-02-05 Delhi Air Cargo BELGIUM
71023910 BR, G, SI1 (CUT & POLISHED DIAMOND) (1.000 CARAT) 288,412.00 0.58 2016-02-04 Delhi Air Cargo BELGIUM
71023910 BR, G, SI1 (CUT & POLISHED DIAMOND) (1.010 CARAT) 291,296.00 0.29 2016-02-04 Delhi Air Cargo BELGIUM
71023910 BR, G, VS1 (CUT & POLISHED DIAMOND) (1.000 CARAT) 349,344.00 0.35 2016-02-04 Delhi Air Cargo BELGIUM
71023910 BR, G, VS2 (CUT & POLISHED DIAMOND) (2.290 CARAT) 1,367,438.00 1.37 2016-02-04 Delhi Air Cargo BELGIUM
71023910 BR, H, SI1 (CUT & POLISHED DIAMOND) (1.000 CARAT) 264,039.00 0.26 2016-02-04 Delhi Air Cargo BELGIUM
71023910 BR, H, SI1 (CUT & POLISHED DIAMOND) (1.010 CARAT) 266,679.00 0.27 2016-02-04 Delhi Air Cargo BELGIUM
71023910 BR, H, SI1 (CUT & POLISHED DIAMOND) (1.050 CARAT) 277,241.00 0.28 2016-02-04 Delhi Air Cargo BELGIUM
71023910 BR, H, SI1 (CUT & POLISHED DIAMOND) (1.130 CARAT) 298,364.00 0.30 2016-02-04 Delhi Air Cargo BELGIUM
71023910 BR, H, SI1 (CUT & POLISHED DIAMOND) (1.550 CARAT) 547,779.00 1.10 2016-02-04 Delhi Air Cargo BELGIUM
71023910 BR, H, SI1 (CUT & POLISHED DIAMOND) (1.710 CARAT) 604,325.00 0.60 2016-02-04 Delhi Air Cargo BELGIUM
71023910 BR, H, SI2 (CUT & POLISHED DIAMOND) (2.090 CARAT) 798,048.00 0.80 2016-02-04 Delhi Air Cargo BELGIUM
71023910 BR, H, VS1 (CUT & POLISHED DIAMOND) (1.010 CARAT) 311,810.00 0.31 2016-02-04 Delhi Air Cargo BELGIUM
71023910 BR, H, VS1 (CUT & POLISHED DIAMOND) (1.040 CARAT) 321,071.00 0.64 2016-02-04 Delhi Air Cargo BELGIUM
71023910 BR, H, VS1 (CUT & POLISHED DIAMOND) (1.050 CARAT) 324,159.00 0.32 2016-02-04 Delhi Air Cargo BELGIUM
71023910 BR, H, VS1 (CUT & POLISHED DIAMOND) (1.130 CARAT) 348,856.00 0.35 2016-02-04 Delhi Air Cargo BELGIUM
71023910 BR, H, VS1 (CUT & POLISHED DIAMOND) (1.140 CARAT) 351,944.00 0.35 2016-02-04 Delhi Air Cargo BELGIUM
71023910 BR, H, VS1 (CUT & POLISHED DIAMOND) (1.180 CARAT) 364,292.00 0.36 2016-02-04 Delhi Air Cargo BELGIUM
71023910 BR, H, VS1 (CUT & POLISHED DIAMOND) (1.260 CARAT) 388,991.00 0.39 2016-02-04 Delhi Air Cargo BELGIUM
71023910 BR, H, VS1 (CUT & POLISHED DIAMOND) (1.280 CARAT) 395,165.00 0.40 2016-02-04 Delhi Air Cargo BELGIUM
Destination Ports forexport to India..Delhi Air CargoDelhi Air CargoDelhi Air CargoDelhi Air CargoDelhi Air Cargo036912
PortValues
Delhi Air Cargo0.465
Delhi Air Cargo0.474
Delhi Air Cargo1.643
Delhi Air Cargo2.754
Delhi Air Cargo10.521
Origin Ports for export toIndia..BELGIUMBELGIUMBELGIUMBELGIUMBELGIUM036912
PortValues
BELGIUM0.465
BELGIUM0.474
BELGIUM1.643
BELGIUM2.754
BELGIUM10.521
Top import shipmentsPEAR,HSI1(CUT& P…PEAR,HSI1(CU…PEAR,ISI1 (CU…PEAR,ISI2 (CU…POL…66.3%
PortValues
PEAR, HSI1 (CUT & POLISHED DIAMO...0.465
PEAR, HSI1 (CUT & POLISHED DIAMO...0.474
PEAR, ISI1 (CUT & POLISHED DIAMO...1.643
PEAR, ISI2 (CUT & POLISHED DIAMO...2.754
POLISHED DIAMONDS (17.39 CTS)10.521
View 7102 Products Classification
DIAMOND POWDER SIZE AS PER EXPOR...
DIAMOND POWDER 0-1/2
DIAMOND POWDER 4-8
PEAR, HSI1 (CUT & POLISHED DIAMO...
PEAR, HSI1 (CUT & POLISHED DIAMO...
PEAR, ISI1 (CUT & POLISHED DIAMO...
PEAR, ISI2 (CUT & POLISHED DIAMO...
POLISHED DIAMONDS (17.39 CTS)
Values
Banglore Air Cargo
Banglore Air Cargo
Banglore Air Cargo
Values
Values
Values