TIM UK (Binoray) Ltd

Incoterms 2010 explained

admin — Fri, 29 Jul 2011 15:25:28 +0000

Incoterms 2010 explained*

Incoterms are three letter trade terms used in contracts for the sale of goods. These terms describe the tasks, costs and risks involved in the movement of goods from seller to buyer.

It is important that these terms are made clear in your contract to avoid confusion.

As there have been several versions of the incoterms issued over the years , it would be advisable to indicate as below;

Term/named place/incoterms version. For example : FOB Hong Kong Incoterms 2010

Incoterms 2010 Groups

There are 11 incoterms 2010 rules, broken down into two groups indicated below with a brief explanation.
For a more detailed explanation , of cost and transfer of risk please feel free to contact us via the contact page.

Rules for Sea and Inland Waterway Transport

FAS (FREE ALONGSIDE SHIP)
The seller will deliver the goods customs cleared(for export), alongside the vessel, nominated by the buyer at the named port of shipment. The buyer bears all costs from this point onwards

FOB (FREE ON BOARD)
The seller will deliver the goods customs cleared(for export), on board the vessel, nominated by the buyer at the named port of shipment. The buyer bears all costs from this point onwards

CFR (COST & FREIGHT)
The seller will deliver the goods customs cleared(for export) through to the named port of destination. The buyer bears all costs from this point onwards

CIF (COST INSURANCE & FREIGHT)
The seller will deliver the goods customs cleared ( for export) through to the named port of Destination. The seller will also insure cover against the buyers risk of loss or damage to the goods during transit. (only minimum cover is required) The buyer bears all costs from this point onwards.

Rules for any mode of transport

EXW (EX WORKS)
The seller makes the goods available for collection (factory/warehouse). The buyer is responsible for all costs from collection point onwards.

FCA (FREE CARRIER)
The seller delivers the goods to the carrier or another person nominated by the buyer. The buyer is responsible for all cost from this point onwards.

CPT (CARRIAGE PAID TO)
The seller delivers the goods customs cleared (for export) to the carrier or another named person nominated by the seller, and the seller must contract and pay the costs of carriage to the named place of Destination. The buyer is responsible for clearing the goods for import.

CIP (CARRIAGE & INSURANCE PAID TO)
The seller delivers the goods customs cleared to the carrier or another named person nominated by the seller, and the seller must contract and pay the costs of carriage to the named place of Destination. The seller will also insure cover against the buyers risk of loss or damage to the goods during transit (only minimum cover is required) The buyer is responsible for clearing the goods for import

DAT (DELIVERED AT TERMINAL)
The seller delivers the goods customs cleared (for export), at the disposal of the buyer at a named terminal , at the named port or place of destination

DAP (DELIVERED AT PLACE)
The seller delivers the goods customs cleared ( for export), at the disposal of the buyer at the named place of destination. The seller is not responsible to clear the goods for import.

DDP (DELIVERED DUTY PAID)
The seller delivers the goods customs cleared ( for export) ready for unloading at the named place of destination. The seller bears all costs involved excluding VAT

Tim UK (Binoray) Ltd offer a full range of FCL services. Import and Export worldwide. For More Information with regards FCL Movements / rates, or just a general chat, please feel free to contact us via the enquiry or Quote sections of our website –direct link: http://www.freightforwardersuk.com/get-a-quote or call us on +44 (0) 207 6143513

* Please be aware that information provided by this blog is subject to change. We recommend that you do not take any information held within as a definitive guide to the law or the relevant matter being discussed. You are advised to seek legal or professional advice where necessary rather than relying on the content supplied by the author(s) of this blog.

Special Offers

admin — Wed, 27 Jul 2011 12:20:26 +0000

We do not currently have any promotions running, but please keep checking for updates.

We have one coming soon!

Tim UK (Binoray) Ltd accepted as BIFA member

admin — Wed, 27 Jul 2011 12:11:00 +0000

Tim UK (Binoray) Ltd are happy to announce that they have been accepted as members of the British International Freight Association (BIFA)

BIFA Membership number: 2973

All business transactions will be carried out in accordance with BIFA trading terms and conditions (current addition) copies available upon request or via the following link

FCL – Question & Answer

admin — Wed, 27 Jul 2011 10:32:16 +0000

The following article will cover FCL: Question & Answer

FCL – Important Facts/Useful Info

admin — Wed, 27 Jul 2011 10:29:33 +0000

In the following article we will discuss Important Facts/Useful Info

FCL – Types of Cargo

admin — Wed, 27 Jul 2011 10:26:13 +0000

In the following article we will discuss Types of Cargo

FCL – Container Specifications

admin — Wed, 09 Mar 2011 15:37:03 +0000

In the following article will indicate container specification.

Dry Cargo Containers (Dry Van)

	Container Weight		Interior Measurement				Door Opening
Type	Tare	Gross	Length	Width	Height	Capacity	Width	Height
	KGS	KGS	(m)	(m)	(m)	(m3)	(m)	(m)
20FT	2300	24000	5.898	2.352	2.385	33.00	2.340	2.280
40FT	4000	30480	12.031	2.352	2.385	67.00	2.340	2.280

Dry cargo containers are suitable for general cargo loads, containers are manufactured from either Aluminium or steel.

Please note the dimensions and weights listed above are for guidance only since containers can vary in design.

Exact container dimensions/weights are sometimes shown on the right hand door of the container.

Refrigerated Containers (Reefer)

	Container Weight		Interior Measurement				Door Opening
Type	Tare	Gross	Length	Width	Height	Capacity	Width	Height
	KGS	KGS	(m)	(m)	(m)	(m3)	(m)	(m)
20FT	3050	24000	5.440	2.290	2.244	26.70	2.276	2.261
40FT	4500	30480	11.580	2.250	2.247	57.10	2.280	2.205

Refrigerated containers are ideal for transporting cargo that requires an optimum set temperature from movement door to door.

A Genset will be required for inland/origin haulage and whilst the container is on quay.

Please note the dimensions and weights listed above are for guidance only since containers can vary in design.

Exact container dimensions/weights are sometimes shown on the right hand door of the container.

Open Top Containers

	Container Weight		Interior Measurement				Door Opening
Type	Tare	Gross	Length	Width	Height	Capacity	Width	Height
	KGS	KGS	(m)	(m)	(m)	(m3)	(m)	(m)
20FT	2580	24000	5.629	2.212	2.311	32.00	2.330	2.263
40FT	4290	30480	11.763	2.212	2.311	65.40	2.330	2.263

Open top containers allow cargo to be loaded from the top, this can be helpful for bulky cargo that may otherwise be awkward to load.

A tarpaulin is then attached covering the top of the container and attached accordingly.

Please note the dimensions and weights listed above are for guidance only since containers can vary in design.

High Cube Containers (HC/HQ)

	Container Weight		Interior Measurement				Door Opening
Type	Tare	Gross	Length	Width	Height	Capacity	Width	Height
	KGS	KGS	(m)	(m)	(m)	(m3)	(m)	(m)
40FT	3980	30480	12.031	2.352	2.698	76.30	2.340	2.585
45FT	4800	30480	13.544	2.352	2.698	86.00	2.340	2.585

High cube container allows slightly more bulky or voluminous cargo to be loaded due to the increased interior height. Containers are manufactured from either Aluminium or steel.

Please note the dimensions and weights listed above are for guidance only since containers can vary in design.

Exact container dimensions/weights are sometimes shown on the right hand door of the container.

Other container specification available upon request:

40ft High Cube Reefer
45ft High Cube Reefer
20ft Flat Rack
40ft Flat Rack
20ft Collapsible Flat Rack
40ft Collapsible Flat Rack
20ft Garment Container
40ft Garment Container

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FCL – The benifits

admin — Tue, 08 Mar 2011 15:11:49 +0000

In the following article we will discuss the benefits of shipping FCL (Full Container Load)

FCL : Secure Shipping

Container shipping is a secure way of transporting your cargo. As well as protection from the elements, a FCL can provide extra reassurance that your consignment is safe. All containers have a secure seal, identified by a unique number, which effectively locks the container at time of loading. The seal number is then added to your shipping documentation, for checking upon arrival. (If for any reason, Customs select the container for examination, you will be notified and the container resealed)

If shipping, for example , delicate machinery, shipping via container will it automatically reduce the cost of packing, provided the cargo is secured correctly, the container acts as a safe environment.

FCL : Cost effective/Affordable

Ocean freight rates, are calculated basis the container size. (20ft /40ft /40 ft high cube) , compared to LCL cargo which is calculated by weight/cube. Comparatively FCL is a cheaper way of shipping provided you have the volume of cargo. If the container is loaded correctly, you can maximize the saving. For example, although more labour intensive, at loading/unloading point, if you were to load an 20 ft container with ctns, as opposed to pallets, stc ctns, you would lower your freight cost per cbm, due to loading more cartons. This saving also applies to the landing charges and deliver/collection. It is also interesting to note that although the freight for 20 ft /40 ft/ 40 ft hq ,differs per size, the landing/delivery charges can be similar depending on the carrier.

Ease of Loading/unloading

Containers can be loaded /unloaded:

From the ground (special haulage vehicle needed to lower to the ground) – ideal for vehicles.
From a loading bay, (fork lift truck/pump truck can speed up the process)
With a ramp, (fork lift truck/pump truck speeds up the process
By hand. (can be labour intensive)

Depending on the cargo, loading options may vary. If loading small cartons (ctns) many choose to load them on pallets first. Larger ctns may be loaded unloaded by hand depending on the weight.

Simplistic costing

As freight rates , landing charges and collection delivery charges are calculated basis 20ft,40ft or 40 ft high cube , it is easy to calculate total cost for shipments. For further information, or up to date freight rates , please contact us via the enquiry or quote section of our website – direct link: http://www.freightforwardersuk.com/get-a-quote or call us on +44 (0) 207 6143513

Storage Possibilities

When shipping FCL you have various storage options. If a container needs to be stored short/long term various options are available.(charges vary per carrier)For example. You may chose to leave the container on quay until ready for delivery. You may chose to have the container delivered to a warehouse for unloading and storage, or If the product is to be called item , by item , you may chose to leave the container at your premises(on the ground) , until the container is empty. This is a good option if you do not have a warehouse, but need to access your cargo at short notice. The container can be used as a secure storage area ( charges vary per carrier)

Readily available

It was estimated in 2009 that there was more than 17 million containers in the global fleet!!

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Explained: FCL

admin — Tue, 08 Mar 2011 14:45:08 +0000

Overview & Definition of FCL

FCL = Full Container Load

Other terms: Intermodal Container /Freight Container / Shipping Container

Container: A Reusable transport and storage unit for Moving Products / Raw materials between Locations or Countries. Each of the eight corners has a twist lock fitting for Stacking, Locking and Craning.

In the following Articles we will cover discuss:

FCL : The benefits
FCL : Container Specification
FCL : Types of Cargo
FCL : Important facts/Useful Info
FCL : Question & Answer

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