An Incoterm is a globally recognised set of commercial terms that apply to sales and purchase of goods overseas. Simply put, agreeing an Incoterm means all parties involved in the transaction understand their responsibilities to organise and pay for the shipment of the goods and whose risk the transportation is at any given time during the shipping.
At Mercator, these are the 5 Incoterms that we see most frequently when handling international shipments for our clients.
The buyer is responsible for the transportation costs and risk from the seller’s location to the final destination.
The seller takes responsibility for costs and risk involved for the shipment up until the goods are loaded onto a vessel at the named port at origin. The buyer is responsible for cost and risk of the shipment to the destination.
The seller pays the costs and freight to ship the goods to the destination port overseas. The buyer is then responsible for the costs and risk from then on.
As CFR (above), but the seller also obtains and pays for the marine insurance.
The seller organises the carriage and delivery of the goods, to be unloaded at the agreed place. The seller arranges the unloading of the goods at the agreed place. The seller also must organise the customs clearance at the importing country, and cover any customs duties and taxes.
This used to be referred to as DAT (Delivered at Terminal), however delivery can happen anywhere, not just at a terminal, so the term was updated in the Incoterms 2020.
There are 11 Incoterms, so if you cannot see the one you are looking for, have a look at this post here about Incoterms 2020.
If you are looking for a reputable freight forwarder to handle your international shipments, please get in touch for a quote. Our team will be happy to help you. Please email sales@mercatorcargo.co.uk or call (+44) 02392 756 575.
If you are searching for a freight forwarder to ship your goods to New York, then look no further. Mercator Cargo is a well-established freight forwarder that has been in operation for over 20 years. We have a small, but expert team to help you ship your goods to New York, USA. We regularly ship customers’ goods to New York from the UK, so are well placed to handle your shipment.
There are a few options when it comes to shipping to New York from the UK. The first decision to make is whether your goods should transit via sea or air. The most obvious difference is, of course, the time scales. For example a typical shipment time from UK to New York is around 7 to 10 days from Southampton or Felixstowe Docks. Whereas an air shipment to New York from the UK takes a matter of hours.
If your load to be shipped to New York is particularly big (i.e. 20 foot or 40 foot container), and not very urgent, then you might consider a shipment via sea freight (as this generally will be a better priced option compared to air freight depending on cargo size). However, if you have an urgent shipment, or a particularly small shipment (i.e. a light pallet), then air freight might be more favourable.
Once your goods arrive in New York, they will need to be cleared through customs, this is a service we can also offer, in partnership with our agents based in New York. We can then arrange for your shipment to be delivered to its final destination in the USA.
If you have some goods to be shipped from the UK to New York contact us today to discuss your requirements and obtain a quotation – Tel. 02392 756 575. Email: sales@mercatorcargo.co.uk.
If you’re a UK based manufacturer, you may have recently seen an increase in the demand for your goods overseas. Perhaps you haven’t exported your goods before, or have only done it a few times. It will seem like a daunting task, but that’s why it is a good idea to appoint a Freight Forwarder to handle your export shipment for you.
Mercator Cargo is a UK based Freight Forwarder, we have been running for over 20 years, and are still managed and run by the same family. We are a small team of experts in international shipping. Our dedicated export department can assist you in exporting your goods to almost anywhere in the world.
The Government has been saying for some time that international trade (particularly exports) will help the UK economy grow. Now is the perfect time to take that first step into the international trade arena and start exporting your UK manufactured goods. International trade can massively boost a small to medium sized company.
The UK has had a few exposed years in terms of media coverage, what with the London 2012 Olympics and the Queen’s Diamond Jubilee, the Royal Wedding and so on. As such, there is a greater demand in the world marketplace for UK branded goods.
According to the Office of National Statistics, the export market for the UK for the second quarter of 2013 has been the highest on record (at £78.4bn). If you think your company would like a slice of this huge potential, then perhaps it is time to seriously consider exporting your goods worldwide.
If you are in the stage of arranging some international sales, then it is always a good idea to also tempt your buyers by offering freight included (this can be seen as favourable as it would reduce their workload). We can offer a range of services, from just freight, to a full door to door service.
Give one of our sales team a call today to get a quote for your shipment – Tel. 02392 756 575. Email: sales@mercatorcargo.co.uk.
10, St George’s Business Centre,
St Georges Square,
Portsmouth, PO1 3EZ, UK
Mercator is a family-run, UK based independent freight forwarder, offering highly effective sea, road and air freight services around the world.
