Tuesday, March 6, 2012

UNDERSTANDING INCOTERMS 2010- DAT (Delivered At Terminal)

DAT (Delivered At Terminal)
New Term - May be used for all transport modes
Seller delivers when the goods, once unloaded from the arriving means of transport, are placed at the disposal of the buyer at a named terminal at the named port or place of destination. "Terminal" includes quay, warehouse, container yard or road, rail or air terminal. Both parties should agree the terminal and if possible a point within the terminal at which point the risks will transfer from the seller to the buyer of the goods. If it is intended that the seller is to bear all the costs and responsibilities from the terminal to another point, DAP or DDP may apply.
•    Seller is responsible for the costs and risks to bring the goods to the point specified in the contract
•    Seller should ensure that their forwarding contract mirrors the contract of sale
•    Seller is responsible for the export clearance procedures
•    Importer is responsible to clear the goods for import, arrange import customs formalities, and pay import duty
•    If the parties intend the seller to bear the risks and costs of taking the goods from the terminal to another place then the DAP term may apply.

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