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DPU - Delivered at Place Unloaded
Explore the importance of Incoterms in international trade and their impact on the European logistics market. Incoterms is an international standard on the rights and obligations of the buyer and seller in the international transportation of goods.
Incoterms, or International Commercial Terms, play a crucial role in defining the responsibilities and liabilities of buyers and sellers in global trade. In the European logistics market, understanding and correctly applying Incoterms is essential for seamless and cost-effective international transactions. These terms, including EXW, FOB, CIF and DAP, govern everything from the point of origin to the final destination of the goods. For example, EXW and FOB give buyers more control over the transportation process, while other terms imply that sellers take charge. Interestingly, CIF prices are often quoted initially, but there is flexibility to offer prices based on different terms. Neele-Vat, with its extensive experience in international logistics, recommends choosing EXW or FOB, allowing maximum control while using our expertise to manage transportation to your specified destination. We will elaborate on each Incoterm and offer valuable insights for navigating the European logistics landscape.
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DPU - Delivered at destination and unloaded (agreed place of destination)
Under the ICC Incoterms® Delivered at Place Unloaded (DPU) rule, the seller has fulfilled his delivery obligations at the moment the goods are unloaded at the agreed destination in the agreed condition and within the agreed time. Up to this point, the seller bears responsibility for both risk and cost.
DPU is a non-maritime delivery condition suitable for all forms of transportation.
Characteristics:
Delivery: the seller must unload the goods from the arriving means of transport and then make them available to the buyer at the agreed destination.
Transport risk: the seller bears the risk of damage to or loss of the goods until after unloading. Thereafter, the risk passes to the buyer.
Transport costs: the costs of transport to the agreed destination, including the costs of unloading, shall be borne by the seller. Any onward transportation is at the buyer's expense.
Customs formalities: the seller must take care of all customs formalities arising from the export. For his account are also the related costs, duties and taxes. At the buyer's expense and risk are all customs formalities and related costs, duties and taxes arising from importation into the country of destination.
Transportation insurance: neither party is required to obtain insurance for the goods.
Addition place of delivery: the delivery condition should always add where the transfer of the goods takes place. In DPU, this is indicated by: ... agreed place of destination (... named place of destination).
At Neele-Vat, we provide efficient and reliable handling of your ocean freight. We offer secure shipping, smart cargo management and customized logistics solutions. Whether you have a one-time shipment or regular shipments, we have the right expertise. Request a quote today and discover the benefits of our ocean freight services!
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