INCOTERM 2000 International Commercial Terms AWP, Feb 25, 2008
09082011 Incoterm Value to Oracle
Transcript of 09082011 Incoterm Value to Oracle
SAP INCOTERM SAP INCOTERM DESCRIPTIONNOT REQUIRED TO MAINTAIN
BIL FOR CUSTOMER LOADBLD Prepay & Bill FOB DestinationBLO Prepay & Bill FOB OriginCFR Cost&Freight Inco2000/10 SeaCIF Cost+Ins+frt Inco 2000/10 SeaCIP Carriage&InsPaidTo Inco2000/10COD Cash on DeliveryCOL CollectCON Consignee BillingCPT Carriage Paid to Inco2000/10DAF Delvd.At Frontier Inco2000 SeaDAP Delvd. At Place Inco2010DAT Delvd. At Terminal Inco2010DDP Delvd. Duty Paid Inco2000/10DDU Delvd. Duty Unpaid Inco2000DEQ Delvd.Ex Quay Inco2000 seaDES Delvd. Ex Ship Inco2000 SeaEXW Ex Works Inco 2000/10FAS Free AlongsideShip Inco2000SeaFCA Free Carrier Inco 2000/10FOB Free On Board Inco2000/10 SeaPPY Prepay
Incoterm 2 information should be indicated in Oracle field name : Inco destination : my suggetion is to define that filed in oracle as " name place/port/airport" in SAP incoterm 2 is used on FCA and/or COL : for account # information that information of a/c # should be transfer to a/c # Buyer carrier information also required when incoterm EXW, FCA, FAS, FOB when buyer pays for freight and or third party
Field avaialble in oracle30 CHARACTER FOR CODE inco destination should read …………MEANING 80DESCRITION FREIGHT TERMS 30
WILL BE ADVISED ON ORACLE CODE MEANING AND DESCRIPTION
ORACLE INCOTERM ORACLE FREIGHT TERMSCODE Freight paid/collect till name place/port/airport
HOW MANY CHARACTER 30/80FCA FOR CUSTOMER LOAD for U.S. Domestic onlyCPT Prepay & Bill FOB Destination for U.S. Domestic onlyFCA Prepay & Bill FOB Origin for U.S. Domestic only CFR FREIGHT PREPAIDCIF FREIGHT PREPAIDCIP FREIGHT PREPAIDREMOVE IT REMOVE ITFCA Collect for U.S. Domestic onlyFCA Consignee Billing for U.S. Domestic onlyCPT FREIGHT PREPAIDDAF FREIGHT PREPAIDDAP FREIGHT PREPAIDDAT FREIGHT PREPAIDDDP FREIGHT PREPAIDDDU FREIGHT PREPAIDDEQ FREIGHT PREPAIDDES FREIGHT PREPAIDEXW FREIGHT COLLECT FAS FREIGHT COLLECT FCA FREIGHT COLLECT FOB FREGHT COLLECTFCA Prepay no charge to client for U.S. domestic only
Third party billing
Incoterm 2 information should be indicated in Oracle field name : Inco destination : my suggetion is to define that filed in oracle as " name place/port/airport" in SAP incoterm 2 is used on FCA and/or COL : for account # information that information of a/c # should be transfer to a/c # Buyer carrier information also required when incoterm EXW, FCA, FAS, FOB when buyer pays for freight and or third party
Account # of carrier of client required Carrier/forwarder InsuranceY/N of
IN COMBINATION OF FREIGHT TERMS buyer/seller in combination with freight termy buyer buyerN seller sellerN seller sellerN seller buyerN seller sellerN seller seller
Y buyer buyerN buyer buyerN seller buyerN seller sellerN seller sellerN seller sellerN seller sellerN seller sellerN seller sellerN seller sellerY buyer buyerN buyer buyerY buyer buyerN buyer buyerN seller sellerY
in combination with freight term
INCOTERM REVISION Mode of Transportation Freight TermsEXW 2000 & 2010 Any freight collect
FCA 2000 & 2010 Any freight collect
FAS 2000 & 2010 Sea freight collect
FOB 2000 & 2010 Sea freight collect
CFR 2000 & 2010 Sea freight prepaid
CIF 2000 & 2010 Sea freight prepaid
CPT 2000 & 2010 Any freight prepaid
CIP 2000 & 2010 Any freight prepaid
DAP 2010 Any freight prepaid
DAT 2010 Any freight prepaid
DDP 2010 Any freight prepaid
DAF 2000 Any freight prepaid
DES 2000 Sea freight prepaid
DEQ 2000 Sea freight prepaid
DDU 2000 Any freight prepaid
Inco destination should read ………name place/port/airport = responsibility transfer at that point for Tast, Risk and cost.
FOB should read ……………………………IncoTerm
Carrier account # required for EXW, FCA termAlso carrier account required for freight terms : freight collect ; collect for U.S. domestic only ; Third party billing : PS: freight commitment of buyer /seller agreed for name place/port/airport
For freight terms : Prepay & Bill FOB Destination for U.S. Domestic onlyPrepay & Bill FOB Origin for U.S. Domestic only FOR CUSTOMER LOAD for U.S. DomestPrepay no charge to client for U.S. doCollect for U.S. Domestic onlyConsignee Billing for U.S. Domestic only
New field Requirements: Insurance : buyer/sellername place : place/port/airportfield for a/c# of carrier :
For 11 incoTerm of 2010 : Three-letter trade terms, accompanied by a geographic place/port/airport followed by INCOTERMS® 2010.
Default information for Insurance given however seller responsibility for insurance is only for Term CIP and CIF till the name place/port/airport in Inco 2/Inco destination. Remaining are negotiable.
For DDP term : VAT at destination at the account of seller but can have option if by buyer and must be indicated on sales contract /order
DAF, DES, DEQ change to new incoTerm DAT and also change mode of transportation to "Any" instead of Sea/waterway
Insurance covered by CODE Buyer EXW
Buyer FCA
Buyer FAS
Buyer FOB
Buyer CFR
seller CIF
buyer CPT
seller CIP
seller DAP
seller DAT
seller DDP
seller DAT
seller DAT
seller DAT
seller DAP
Inco destination should read ………name place/port/airport = responsibility transfer at that point for Tast, Risk and cost.
FOB should read ……………………………IncoTerm
Carrier account # required for EXW, FCA termAlso carrier account required for freight terms : freight collect ; collect for U.S. domestic only ; Third party billing :
For freight terms : Prepay & Bill FOB Destination for U.S. Domestic onlyPrepay & Bill FOB Origin for U.S. Domestic only
Collect for U.S. Domestic onlyConsignee Billing for U.S. Domestic only
For 11 incoTerm of 2010 : Three-letter trade terms, accompanied by a geographic place/port/airport followed by INCOTERMS® 2010.
Default information for Insurance given however seller responsibility for insurance is only for Term CIP and CIF till the name place/port/airport in Inco 2/Inco destination. Remaining are negotiable.
For DDP term : VAT at destination at the account of seller but can have option if by buyer and must be indicated on sales contract /order
DAF, DES, DEQ change to new incoTerm DAT and also change mode of transportation to "Any" instead of Sea/waterway
ORACLE LOOK UP CODE MEANING 80EXW = EX WORKS : named place of shipper's plant ; Used for Any mode of transport
FCA=Free Carrier Named Place of departure; Used for Any mode of transportation
FAS=Free Alongside ship Named Port of shipment (of departure),SEA SHIPMENT ONLY
FOB=Free On Board, Named Port of shipment (of departure), Transport via Sea only
C&F= Cost & Freight Named Port of Destination, Transport via Sea only
CIF=Cost, Insurance & Freight Named Port of Destination, Transport via Sea only
CPT=Carriage paid to, Named Place of Destination, Any mode of transportation
CIP=Carriage & Insurance Paid to Named Place of Destination, Ship via any mode
DAP = Delivered at name place of destinaton,replace DDU term. Ship via any mode
DAT = Delivered at named terminal/port/place of destination. Ship via any mode
DDP=Delivered Duty Paid to Named Place at destination Any mode of transportation
DAF=Delivered at Frontier Name Place, ship via any mode of transportation
DES=Delivered ex Ship Named Port of Destination, Ship via Sea/multimode
DEQ=Delivered ex Quay Named port of destination, Transport via Sea/Multimode
DDU=Delivered Duty Unpaid to Named Place of Destination, Ship via Any mode
Inco destination should read ………name place/port/airport = responsibility transfer at that point for Tast, Risk and cost.
FOB should read ……………………………IncoTerm
Carrier account # required for EXW, FCA termAlso carrier account required for freight terms : freight collect ; collect for U.S. domestic only ; Third party billing :
For 11 incoTerm of 2010 : Three-letter trade terms, accompanied by a geographic place/port/airport followed by INCOTERMS® 2010.
Default information for Insurance given however seller responsibility for insurance is only for Term CIP and CIF till the name place/port/airport in Inco 2/Inco destination. Remaining are negotiable.
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Three-letter trade terms, accompanied by a geographic place/port/airport followed by INCOTERMS® 2010.
ORACLE LOOK UP CODE DESCRIPTON 240 Minimum obligation of seller. The Buyer pays all cost from named place of shipper's plant /factory until destination. Insurance covered by buyer, buyer select his carrier. Risk transfer at point of delivery at seller plant
Buyer pays all the cost related to the goods at the time it has been given to carrier from named place /plant/port/airport of delivery @seller side. Buyer select his carrier. Risk transfer at named place/port/plat/airport
The Buyer pays all the cost relating to the goods from the time they have been delivered alongside the named vessel @ seller side. Insurance covered by buyer. Risk transfer at the time of delivery alongside name vessel
The Buyer pays all the cost relating to the goods from the time they have been delivered on Board the named vessel @ seller side. Insurance covered by buyer. Risk transfer at the time of delivery @ name port of departure on Board vessel.
The Seller contract for & pays cost of carriage to the named port of destination.Insurance covered by buyer. Risk transfer at the time of delivery to carrier. Seller preferred carrier.
The Seller must contract for & pays the cost of carriage & insurance to bring the goods to the named port of destination. Risk transfer at the name place of destination. Seller preferred carrier
The Seller contract for & pays cost of carriage to the named Place/port/airport of Destination, insurance covered by buyer .Seller use his preferred carrier . Risk transfer when deliver to carrier .Sellers preferred carrier.
The Seller must contract for & pays the cost of carriage & insurance to bring the goods to the named place of destination. Seller use this preferred carrier. Risk transfer at name place of destination. Seller preferred carrier.
Seller must contract for & pays the cost of carriage to bring the goods to the named place of destination. Buyer pays where applicable, the cost of custom formalities, duty, taxes to import goods. Risk transfer@named place of destination
Terminal" includes quay, warehouse, container yard, road, rail or air cargo terminal. Seller pays for carriage to the named terminal. Risk transfers at named terminal. Insurance covered by seller. Destination charges are for buyer
The Seller pays for all the cost till name of destination including duty & Taxes. If VAT not paid by seller must indicate on contract. Preferred not used for sales. Contact Transportation dept for more details. Maximum obligation of seller.
The Seller pays freight till delivered at frontier named place (Freight Prepaid) Inco 2000. Replaced with new INCOTERMS® 2010 " DAT"
Seller pays freight till named port of destination ex ship(Freight Prepaid)inco2000. Replaced with new INCOTERMS® 2010 " DAT"
The Seller pays freight till name port of destination till the Quay(Freight Prepaid)Inco2000 . Replaced with new INCOTERMS® 2010 "DAT"
Seller pays freight till name place of destination (Freight Prepaid)inco2000 . Replaced with new INCOTERMS® 2010 "DAP" Buyer pays the cost of custom formalities, duty, taxes to import goods. Risk transfer@named place of destination
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Freight terms
FOR CUSTOMER LOAD 17Prepay & Bill FOB Origin 24Prepay & Bill FOB Destination 29Prepay no charge to client 26Consignee Billing 17Collect 7FREIGHT COLLECT 15FREIGHT PREPAID 15Third party billing 19Prepaid, Charge Separately 26
U.S. Domestic means shipment from and to address is in USA.
Freight term description
BUYER PAYS FOR FREIGHT SELLER PAYS FOR FREIGHT AND BILL BUYER , DELIVERY AT SELLER PREMISESSELLER PAYS FOR FREIGHT AND BILL BUYER , DELIVERY AT BUYER PREMISESSELLER PAYS FOR FREIGHTBUYER PAYS FOR FREIGHT : NAME OF CARRIER REQUIRED A/C # NOT REQUIRED BUYER PAYS FOR FREIGHT, NAME OF BUYER'S CARRIER AND A/C# REQUIRED for U.S. BUYER PAYS FOR FREIGHT, NAME OF BUYER'S CARRIER AND A/C# REQUIRED SELLER PAYS FOR FREIGHT, SELLER USE HIS PREFERED CARRIER. Third party pays for charges Prepaid and charge Separately
U.S. Domestic means shipment from and to address is in USA.
International or domestic
23 U.S. DOMESTIC 68 U.S. DOMESTIC68 U.S. DOMESTIC23 U.S. DOMESTIC69 U.S. DOMESTIC75 U.S. DOMESTIC66 INTERNATIONAL & DOMESTIC58 INTERNATIONAL & DOMESTIC29 INTERNATIONAL & DOMESTIC29 INTERNATIONAL & DOMESTIC