The Incoterms (International Commercial Terms) are the international rules that govern trade between buyers and sellers. These terms of delivery specify the mutual obligations of the parties, in relation to the transport, delivery, responsibilities, risks and costs of transport. Incoterms 2020 is the latest international regulations in the field of international trade and logistics.
ALC transit is a transit company is reliable and professional, which can help you to understand Incoterms and apply them in your import-export activities.
When you enter into a commercial contract with a supplier or a foreign customer, it is essential to understand the terms of delivery. Incoterms define who is responsible for the transport, and where the delivery is considered completed. These words are essential to avoid conflicts and misunderstandings in international commercial transactions. They establish clear rules for the parties involved in the delivery process.
With the Incoterms 2020, the seller is responsible to arrange and pay for the transportation to the place agreed with the buyer. The responsibilities and risks are transferred from defined manner, which facilitates the planning and ensures execution fluid of the transaction. The delivery terms, such as EXW (Ex Works), FOB (Free on Board), CIF (Cost, Insurance and Freight), set out the specific obligations of the seller and the buyer, in each step of the logistics process.
When you import or export of the goods, the cost of transport may be an important factor to be taken into account. The Incoterms specify who is responsible for the transportation charges, duties and taxes. Therefore, it is crucial to choose the delivery term which is appropriate for your business needs.
In the international trade, logistics and delivery are key elements to ensure the smooth running of operations. Understanding Incoterms, and applying them correctly, you can minimize risk, optimize costs and ensure the satisfaction of your customers.
So remember, when you participate in international trade, Incoterms are your allies. Call Upela.com to accompany you in your shipments and ensure the respect of the reciprocal obligations defined by the international rules.
List of the 11 incoterms :
EXW (EX Works)
That is to say, the seller makes the goods available to the buyer at the seller's premises, or at another location selected (example : factory, warehouse, air storage etc). This simplifies really all for the buyer, who pays a one-time only, and does nothing more, up to arrival of the goods.
FCA (Free Carrier)
This term can be used for any type of transportation. It is an incoterm pre-routing.
CPT (postage paid to)
The goods must be transported by the vendor before handing it in to the primary carrier. The risk is now covered, the risk of the buyer.
CIP (Postage Paid and Insurance Paid)
The seller has the same responsibilities as CPT, but it also contracts for insurance cover against the risk that the goods of the buyer are lost or damaged during the transit.
DPU (Delivery to Unloaded Place)
The seller delivers when the goods, once unloaded, are placed at the disposal of the buyer at a named place of destination.
DAP (Delivered on site)
The seller delivers when the goods are put at the disposal of the buyer on the means of transport to arrive ready to be unloaded at the agreed place of destination.
DDP (Delivered Duty Paid)
The seller provides the goods to the buyer. That is to say, the goods are cleared for import on the means of transport to arrive, ready to be unloaded at the agreed place of destination. The buyer has nothing to support, the seller is taking care of everything.
FAS (Free alongside ship)
When the goods are placed alongside the vessel (e.g., on a quay or a barge) nominated by the buyer at the port of disembarkation designated, the seller delivers. In summary, this covers the pre-routing to the ship
FOB (free on board)
When the goods are placed alongside the vessel (e.g., on a quay or a barge) nominated by the buyer at the port of disembarkation designated, the seller delivers.
CFR (cost and freight)
The time of delivery and transfer of risk corresponds to the time when the goods are on board the vessel. In addition, the buyer may be buying the goods have already been delivered.
CIF (Cost Insurance & Freight)
The products are delivered to you by the seller at the time the goods on board the vessel at the port of loading.
In the business world in constant evolution, the companies have had to adapt to the rapid changes in the supply chain and logistics. Among the key players in this transformation are the carriers. The role of transporters has undergone a profound change over the years, this has had a significant impact on their brand image and the way companies perceive them.
Traditionally, the carriers were simply responsible to move the goods from point a to point B. However, with the changing needs of enterprises, their role is significantly expanded. Today, carriers play a crucial role in the supply chain, helping companies to effectively manage their logistics operations.
In addition to the physical transportation of the goods, the carrier shall assume now a liability more widely in the coordination of the logistics. They have become strategic partners to the business by providing advice and solutions to optimize the supply chain. The carrier has become the key link between suppliers, warehouses, and clients, ensuring the flow fluid products.
This evolution of the role of transporters has also had an impact on the brand image of the companies. The carriers of quality play a crucial role in customer satisfaction and the management of expectations. Therefore, companies must carefully choose their transport partners in order to maintain a positive brand image.
Companies that effectively integrate the carriers in their supply chain benefit from the many advantages. They can take advantage of the expertise of the carriers in the management of logistics operations, which allows them to focus on their core business. In addition, good practices in the field of transport and help to improve the reputation and the confidence of companies to their customers.
In conclusion, the role of the carrier in the logistics and transportation has evolved significantly. They are not simply suppliers of transportation services, but strategic partners, helping to optimize the supply chain companies. The transporters play a key role in the branding of the business, and they must choose wisely their transportation partners to ensure smooth operation of their logistics operations.
Are you looking for a company of transit maritime reliable and experienced for your shipping needs to Cameroon ? Search no more! In LAC Transit, we are here to offer you tailored solutions, whatever your specific need. As a privileged interlocutor for all marine cargo to Cameroon, we do everything we can to ensure you a quality service and total satisfaction.
In LAC Transit, we understand that each shipment is unique and requires tailored solutions. It is why we offer a wide range of services to meet all of your needs in terms of sea freight to Cameroon. Whether you need to ship bulk goods, containers, vehicles or any other type of cargo, we have the knowledge and expertise necessary to provide you with the best options.
With years of experience in the freight industry sea, we have developed a strong expertise in all aspects of the expedition to Cameroon. We are perfectly familiar with the local laws, customs procedures and formalities required to ensure a safe transportation of your goods. By choosing ALC Transit, you can calm knowing that your freight is in good hands.
In LAC Transit, we are committed to providing a superior quality of service to our customers. Our dedicated team is available to answer all your questions and guide you throughout the shipping process. We understand the importance of delivering your goods in a timely manner and in perfect condition, this is why we work closely with trusted partners to ensure delivery safe and secure.
When it comes to shipping goods to Cameroon, LAC Transit is your interlocutor. We understand your unique needs and strive to provide you with tailored solutions and superior service. Don't let your cargo in the hands of someone else, choose ALC Transit and be assured of an experience of transit maritime hassle-free. Contact us today to discuss your needs in the field of sea freight to Cameroon and let us take care of the rest.
The port of Douala is the first port of Cameroon. It is an invaluable asset for the economy of the country. Located in Douala, the economic capital of Cameroon, this port is vital to the development and prosperity of the country.
As the first port of Cameroon, Douala port plays a vital role in the international trade of the country. It is a point of entry and exit for many goods, thus promoting trade with other countries and contributing to the economic growth of Cameroon.
The port of Douala is known for its ability to handle a wide variety of cargoes. Be it containers, agricultural products, petroleum products, or of the cargo, the port of Douala is able to receive and deal with them effectively.
Thanks to its strategic location, the port of Douala also provides easy access to the landlocked countries of central Africa. It therefore plays a key role in the regional trade, by promoting trade with neighboring countries such as Chad and the central african Republic.
The port of Douala is also an engine of local development. It creates many jobs for the local population, providing employment opportunities and contributing to the reduction of unemployment in the region. In addition, the revenues generated by the port are invested in infrastructure and public services, thus improving the quality of life of the inhabitants of Douala.
However, despite its economic importance, the port of Douala is facing some challenges. One of the main challenges is the traffic congestion, primarily due to a limited capacity of reception of ships, but also to administrative procedures lourdes. To address these problems, additional investments are required to upgrade facilities and improve the management process.
In conclusion, the port of Douala is the first port of Cameroon and plays a crucial role in the economy of the country. It facilitates international trade, promotes regional development and creates jobs. However, in order to maintain its competitiveness, more investment, and infrastructure improvements are needed. The port of Douala is a real asset to the Cameroon and an engine of economic growth.
You are about to import a container, bundle or even a vehicle in Cameroon ? So, it is very important to know the customs formalities to be performed. In this article, we'll show you everything you need to know about the price of the customs of Cameroon. Prepare to be informed !
The customs of Cameroon plays a crucial role in the control of imports and exports. Its mission is to ensure the security of the borders, to collect taxes and customs duties, as well as ensuring regulatory compliance business. As an importer, it is essential to understand the customs procedures for an experience of successful import.
When you import a container, bundle or a vehicle, you need to do some formalities with the customs of Cameroon. These formalities include the customs declaration, the payment of duties and taxes, as well as the presentation of the required documents. It is essential to understand these steps in order to avoid any delay or unpleasant surprise.
The amount of duties and taxes depends on several factors, such as the nature of the imported goods, the declared value on the mode of transport and the country of origin. It is recommended that you hire a customs broker professional who has the knowledge to guide you throughout the process. A customs broker is experienced can help you to optimize the costs by finding the exemptions and customs procedures, as appropriate.
To give you an idea of tariffs in Cameroon, here are a few examples :
1. Droits de douane : Les droits de douane varient en fonction de la classification tarifaire des marchandises importées. Par exemple, les produits alimentaires peuvent être soumis à un taux de 15%, tandis que les équipements industriels peuvent être soumis à un taux différent.
2. Specific Taxes : Some specific products, such as petroleum products, or alcohol, may be subject to specific taxes extra.
3. Import Taxes or duties : In addition to the customs duties, there may be additional taxes at the import, such as the value added tax (VAT), which is currently set at 19.25%.
As an importer in Cameroon to know the price of customs is essential to plan and budget effectively for your import. It is recommended to work with a customs broker experienced to ensure that all the formalities are properly met and that costs are optimized. Don't forget that customs plays an important role in the international trade, and therefore, it is crucial to comply with all the regulations and to ensure that duties and taxes are properly paid.
So, don't forget to do your homework and check with the relevant authorities before undertaking any import Cameroon. A good preparation will facilitate your experience and you will avoid unpleasant surprises. Good import !
You are passionate by the international carriage of goods, and you want to become a freight forwarder or forwarding agent ? This article is for you ! We will explore the different steps to follow, skills required, and the professional opportunities available in this evolving field.
The job of a freight forwarder is to organize and manage the operations of the international carriage of goods for a company, a provider of transport. To become a freight forwarder, it is essential to have a thorough knowledge of the means of transport used in the field, as well as logistical and administrative aspects related to imports and exports.
The forwarding agent, meanwhile, provides all administrative formalities related to the operations of international freight transport. He is responsible for the management of the flow of goods, tracking of shipments and the coordination with the customs authorities. To become an agent of transit, it is necessary to understand the customs procedures and the international regulations in force.
Become a freight forwarder or forwarding agent in the international transport of goods provides for exciting professional opportunities. With the appropriate skills, special training and an in-depth knowledge of logistics processes and customs, you can succeed in this constantly evolving field. So do not hesitate and grab the opportunities offered by this business exciting!!!
The world of freight transport is complex and requires a multitude of processes and formalities for the goods can be delivered safely and effectively. This is where the freight forwarder, a key actor of the supply chain. In this article, we will explore in detail what is a freight forwarder, its mission and role, as well as the important tools it has available to facilitate the transport of goods.
A freight forwarder, also known as the transport agent or customs broker, is an enterprise specialized in the organization, management and coordination of the various elements needed for the international transport of goods. Its role is to ensure the smooth running of the logistics operations, ensuring that the goods arrive at their destination in a timely manner and in accordance with the regulations in force.
The freight forwarder plays an essential role in the transport of goods by providing various missions, such as :
It is important to mention that there is a difference between a freight forwarder agent and freight forwarder. While the freight forwarder agent acts on behalf of his client and shall be liable, the freight forwarder acts in his own name and does not assume any legal responsibility direct to the carrier.
The 7 functions of a freight forwarder:
The main functions of a freight forwarder include :
As a key player in the transport of goods, a freight forwarder must comply with certain formalities and obligations, such as :