- Dec 13, 2017
- 50
- 17
Hello there!
Currently arranging the purchase of some cameras from China - was wondering how much attention to pay to Trade Terms (also known as "Incoterms 2010").
Seller wants to send by FedEx as "FOB" (Free On Board) which really only applies to Sea or Inland Waterway Transport and means the sellers risk ends totally the moment they hand the parcel to FedEx.
Originally I suggested "DDP" (Delivered Duty Paid) which applies to any mode of transport and makes the seller liable/responsible until the item arrives at my front door and I sign for it.
Incoterms - Wikipedia Explains detail and other Shipping terms.
So now have asked seller to fully insure the cameras value by paying for FedEx additional carriage insurance cover then I could accept "FOB" terms.
How much attention do you guys pay to Trade Terms when you buy from Alibaba / AliExpress etc.?
What happens about import duties and taxes - have you all paid taxes when your cameras arrived?
It would have been nice if it had gone through "DDP" as it means the seller pays for everything and is responsible until delivery.
But "FOB" means that FedEx could massacre or lose the package and the seller is not responsible because the goods are my property the moment the seller gives to FedEx.
While rare with FedEx once I did have a very strange experience with a FedEx driver on my doorstep - but never saw him again before or since - think how many different sets of hands the FedEx parcel will go through between China and the UK!
What have been your experiences with all this and taxes?
What do you think?
Currently arranging the purchase of some cameras from China - was wondering how much attention to pay to Trade Terms (also known as "Incoterms 2010").
Seller wants to send by FedEx as "FOB" (Free On Board) which really only applies to Sea or Inland Waterway Transport and means the sellers risk ends totally the moment they hand the parcel to FedEx.
Originally I suggested "DDP" (Delivered Duty Paid) which applies to any mode of transport and makes the seller liable/responsible until the item arrives at my front door and I sign for it.
Incoterms - Wikipedia Explains detail and other Shipping terms.
So now have asked seller to fully insure the cameras value by paying for FedEx additional carriage insurance cover then I could accept "FOB" terms.
How much attention do you guys pay to Trade Terms when you buy from Alibaba / AliExpress etc.?
What happens about import duties and taxes - have you all paid taxes when your cameras arrived?
It would have been nice if it had gone through "DDP" as it means the seller pays for everything and is responsible until delivery.
But "FOB" means that FedEx could massacre or lose the package and the seller is not responsible because the goods are my property the moment the seller gives to FedEx.
While rare with FedEx once I did have a very strange experience with a FedEx driver on my doorstep - but never saw him again before or since - think how many different sets of hands the FedEx parcel will go through between China and the UK!
What have been your experiences with all this and taxes?
What do you think?