DDP (Deliver Duty Paid) Pricing condition states that the seller fulfills its obligations to deliver the goods to the buyer ,or the seller “exporter is responsible for the goods from since loading on board to the buyer” importer” warehouse and this condition represents the upper limit of the obligation for the seller. We can say here deliver door to door.
Certificate of Origin
A certificate issued by the Chamber of Commerce in the exporting country indicating their place of manufacture or production of the goods to be exported. It is a necessary document to identify the nationality of the goods in order to estimate the rates of fees, and utilized in the control of the province to prevent leakage of prohibited goods.
Note:
- Certificate of origin is an important to show the country of origin to the customs
-if there was an agreement between the country of the exporter and the country of importer it will be appreciated (but how?), for example: if there was an agreement between china and USA states that any product coming from china has no tariffs in USA customs except cars, so if you were live in USA and import anything from china except cars you will not pay any tariffs in customs clearance, and certificate of origin was the evidence that improved that the goods coming from china therefore you can gain the benefit of the agreement.
Backing List
A Document issued by the exporter shows the contents of each package (package number, weight of the goods, the importer’s name, and the commercial invoice no.), simply it describes the products and specifications accurately.
Note: backing list is issued to show a number, it focus on number of packages.
Certificate of Weight
A Certificate showing the true weight of the goods and demand for goods, mostly based on weight, such as rice, sugar and iron
Note: certificate of weight shows net weight of goods and gross weight
MFN (Most Favored Nation)
a clause added to the treaties and agreements of economic, financial, air and sea, which would commit both countries to grant the same privileges or other facilities or exemptions previously granted or may grant in future to a third country, which is one of the principles of the WTO “world trade organization”
Demurrage
A Fees paid by the importer for the delay in the return shipping containers in the port of destination after giving him a week or two weeks or as agreed between the shipping company and importer.
Demurrage is calculated by counting the days from The period started at the date of goods arrival at the port of destination to the date ended by returning empty containers to the port (received by the shipping company)
Storage Fees
A fees paid (by custom broker authorized from the importer) for customs for a storage yards in the port and it paid after the expiry of the grace period given.
Note:
-The importer can store the goods only within the specified period given by customs and any additional day is counted as a storage fees.
-the authorized custom broker must finish all procedures with in the specified period.
-the grace period is different from a country to another as rules in each country.
Customs Duties
Are taxes levied usually on goods imported into the country or exported from, and this tax may be valorem estimated percentage of the value of the item, or may take the form of a fixed amount imposed on the item regardless of the value and known as Tax-quality, away of tariffs, the custom duties are mainly used as a tool for the collection of revenues to the government and as a tool to protect domestic producers from the foreign competition.
Are taxes levied usually on goods imported into the country or exported from, and this tax may be valorem estimated percentage of the value of the item, or may take the form of a fixed amount imposed on the item regardless of the value and known as Tax-quality, away of tariffs, the custom duties are mainly used as a tool for the collection of revenues to the government and as a tool to protect domestic producers from the foreign competition.
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