Category D: The Buyer is the King!
The seller has to deliver the goods at the buyer’s required place. This additional responsibility is accepted when one signs for Category D incoterm.
The seller has to deliver the goods at the buyer’s required place. This additional responsibility is accepted when one signs for Category D incoterm.
In Category C, there are 4 incoterms, which are a major part of commonly used commercial terms.The key point in Category C is that – The seller has to pay for the main carrier (ship/air cargo).
The responsibility of seller increases in Category F of the Incoterms, wherein the seller is required to transport the products to the main carrier (i.e. Shipping Terminal, Warehouse, Airport and so).
Being the only Incoterm in E category which is Departure – it serves the best for a seller. The seller has the minimum responsibility and cost in EX-works.
Incoterms 2020 are divided into four categories – E, F, C, D in the order of increasing Seller responsibility. (A&B has been from the new Incoterms 2020).
Most products that is transported across countries passes through 12 critical points in its journey! From the origin country to the destination country these 12 critical points has its own costs.
Incoterms are internationally recognized terms in global trade which clarifies the responsibilities and the risk of transfer between the seller and the buyer when a sale of a good is involved.
Who among us is not lured by ‘that’ ad? “Zero Cost EMI”. When there is no free lunch, do you think there will be free money/capital?
Retailers are expected to know how much of which product they had placed in their stores/e-commerce websites would be sold at a given time frame. Would we be able to take on such an impossible task?
Have you browsed through so many pages in an e-commerce portal and finally decided on the garment you want to buy – just to realise that it is not available in your size? How frustrated would you be? Would you visit the store again in future to check for the availability or order through another portal?