Quoted FOB and EXW by the Chinese supplier.  Who pays the VAT in these circumstances? Who can apply for the refund? Marisa in S. Florida writes in to explain her situation and ask her VAT questions: Hi Mike, I have your book and also have heard you speak at the seminars in Miami and Hong…

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Thanks for your email to CSIC. You asked “I need to know what the meaning of MOB & FOB. If I bought item from supplier, how about the charges of shipping? “ These are incoterms which define the point in the shipment that the ownership of the goods is transferred from buyer to seller.  FOB…

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What is the cheapest and most reliable method of shipping products I import from china to the US? Is the buyer responsible for shipping costs or can they be shared by buyer and seller? Do you normally pay for shipment of samples? It’s best to ask a logistics expert because the cost of moving goods…

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New buyers often confuse incoterms w payment terms. I hope you don’t make the same mistake. Let me explain. The Incoterms rules or International Commercial terms are a series of pre-defined commercial terms published by the International Chamber of Commerce (ICC) widely used in international trade to clarify when the transfer of ownership takes place。In…

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We are importing a shipment from HK – the trading terms are CIF. We have been told that the risk passes to us when the container is in the ships hold but we are being charged for insurance to delivery port Southampton. What risk passes to us and what risk stays with the seller –…

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