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eResources | Glossary 

GLOSSARY OF SHIPPING AND TRADE TERMS

A : THE SELLER'S OBLIGATIONS

Provision of goods in conformity with the contract
Licences, authorizations and formalities
Contracts of carriage and insurance
 B : THE BUYER'S OBLIGATIONS

Payment of the price
Licences, authorizations and formalities
Contracts of carriage and insurance
A1 : Provision of goods in conformity with the contract

The seller must provide the goods and the commercial invoice, or its equivalent electronic message, in conformity with the contract of sale and and any other evidence of confirmity which may be required by the contract

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A2 : Licences, authorizations and formalities

The seller must render the buyer, at the latters request, riskand expense, every assistance in obtaining, where applicable, any export licence or other official authorization necessary for the export of the goods.

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A3 : Contracts of carriage and insurance

a) Contract of carriage
No Obligation
b) Contract of insurance
No Obligation

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B1 : Payment o the price

The buyer mush pay the price as provided in the contract of sale

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B2 : Licences, authorization and formalities

The buyer must obtain at his own risk and expense any export and import licence or other official authorization and carry out, where appplicable, all customs formalities for the export of the goods.

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B3 : Contracts of carriage and insurance

a) Contract of carriage
No Obligation
b) Contract of insurance
No Obligation

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