INCO Terms Payment Terms
by the ICC International Chamber of Commerce
- EXW Ex Works
“Ex Works” means that the seller delivers when it places the goods at the disposal of the buyer at the seller’s premises or at another named place (i.e.,works, factory, warehouse, etc.). The seller does not need to load the goods on any collecting vehicle, nor does it need to clear the goods for export, where such clearance is applicable.
- FCA Free Carrier
“Free Carrier” means that the seller delivers the goods to the carrier or another person nominated by the buyer at the seller’s premises or another named place. The parties are well advised to specify as clearly as possible the point within the named place of delivery, as the risk passes to the buyer at that point.
- CPT Carriage Paid To
“Carriage Paid To” means that the seller delivers the goods to the carrier or another person nominated by the seller at an agreed place (if any such place is agreed between parties) and that the seller must contract for and pay the costs of carriage necessary to bring the goods to the named place of destination.
- CIP Carriage And Insurance Paid To
“Carriage and Insurance Paid to” means that the seller delivers the goods to the carrier or another person nominated by the seller at an agreed place (if any such place is agreed between parties) and that the seller must contract for and pay the costs of carriage necessary to bring the goods to the named place of destination.
‘The seller also contracts for insurance cover against the buyer’s risk of loss of or damage to the goods during the carriage. The buyer should note that under CIP the seller is required to obtain insurance only on minimum cover. Should the buyer wish to have more insurance protection, it will need either to agree as much expressly with the seller or to make its own extra insurance arrangements.”
- DAT Delivered At Terminal
“Delivered at Terminal” means that the seller delivers when the goods, once unloaded from the arriving means of transport, are placed at the disposal of the buyer at a named terminal at the named port or place of destination. “Terminal” includes a place, whether covered or not, such as a quay, warehouse, container yard or road, rail or air cargo terminal. The seller bears all risks involved in bringing the goods to and unloading them at the terminal at the named port or place of destination.
- DAP Delivered At Place
“Delivered at Place” means that the seller delivers when the goods are placed at the disposal of the buyer on the arriving means of transport ready for unloading at the named place of destination. The seller bears all risks involved in bringing the goods to the named place.
- DDP Delivered Duty Paid
“Delivered Duty Paid” means that the seller delivers the goods when the goods are placed at the disposal of the buyer, cleared for import on the arriving means of transport ready for unloading at the named place of destination. The seller bears all the costs and risks involved in bringing the goods to the place of destination and has an obligation to clear the goods not only for export but also for import, to pay any duty for both export and import and to carry out all customs formalities.
RULES FOR SEA AND INLAND WATERWAY TRANSPORT
- FAS Free Alongside Ship
“Free Alongside Ship” means that the seller delivers when the goods are placed alongside the vessel (e.g., on a quay or a barge) nominated by the buyer at the named port of shipment. The risk of loss of or damage to the goods passes when the goods are alongside the ship, and the buyer bears all costs from that moment onwards.
- FOB Free On Board
“Free On Board” means that the seller delivers the goods on board the vessel nominated by the buyer at the named port of shipment or procures the goods already so delivered. The risk of loss of or damage to the goods passes when the goods are on board the vessel, and the buyer bears all costs from that moment onwards.
- CFR Cost and Freight
“Cost and Freight” means that the seller delivers the goods on board the vessel or procures the goods already so delivered. The risk of loss of or damage to the goods passes when the goods are on board the vessel. the seller must contract for and pay the costs and freight necessary to bring the goods to the named port of destination.
- CIF Cost, Insurance and Freight
“Cost,
Insurance and Freight” means that the seller delivers the goods on board the vessel or procures the goods already so delivered. The risk of loss of or damage to the goods passes when the goods are on
board the vessel. The seller must contract for and pay the costs and freight necessary to bring the goods to the named port of destination.
‘The seller also contracts for insurance cover against the buyer’s risk of loss of or damage to the goods during the carriage. The buyer should note that under CIF the seller is required to obtain
insurance only on minimum cover. Should the buyer wish to have more insurance protection, it will need either to agree as much expressly with the seller or to make its own extra insurance
arrangements.”
ASWP – Any Safe World Port.
"SSHEX" means Saturdays, Sundays and Holidays excluded;
“SSHINC” means Saturdays, Sundays and Holidays included;
“Temperature Certificate” has the meaning as set out in the mentioned specific clause ;
"Vessel(s)" means the ocean/sea going vessel(s) chartered by Seller to carry the Shipment or Shipments hereunder;
"Weather Working Day" means a Day, or part of a Day during which it is or, if the performing vessel is still waiting for her turn, it would be possible to unload the cargo without interference due to the weather. If such interference occurs (or would have occurred if work had been in progress) there shall be excluded from the laytime a period calculated by reference to the ratio the hours not actually worked bear to the normal working hours, including overtime, which would have or could have been worked but for that interference (for the avoidance of doubt, if the Vessel is on demurrage, time shall run continuously);
"Working Day" means any Day other than a Saturday, Sunday or Holiday;
"WWDSHINC" means Weather Working Days, Sundays and Holidays included;
"WWDSSHINC" means Weather Working Days Saturdays, Sundays and Holidays included;
"WWDSHEX" means Weather Working Days, Sundays and Holidays excluded;
"WWDSSHEX" means Weather Working Days, Saturdays, Sundays and Holidays excluded;
"Year" means a period between 00.00 hours any Day of a year to 00.00 hours the same Day the succeeding year.
CONTRACT AND PAYMENT TERMS
TBD – To Be Determined.
C/O – Certificate of Origin.
BCL – Bank Comfort Letter.
Also known as a Bank Capability Letter, or Bank Confirmation Letter, this is a letter from the Buyer's bank confirming his ability to meet a certain level payment requirements. This letter states that the Buyer has sufficient funds to cover the cost of the order. It should however be understood that this does not imply any guarantee of payment.
BOL or B/L – Bill of Landing.
This is the receipt given by the shipping company when goods are loaded on board the vessel. This is an important document and gives title to the goods. It is needed by the buyer to obtain the goods from the port.
DC – Draft Contract.
A draft contract is an initial contract which is drawn up and sent from the Seller to the Buyer. The Buyer has the opportunity to make amendments and send it back to the Seller for consideration.
This process continues until both parties are satisfied with the terms of the contract.
SCO – Soft Corporate Offer.
Issued by the seller or seller mandate is the preliminary stages of negotiation.
FCO – Full Corporate Offer.
Issued by the seller after the preliminary stages of negotiation are complete, such as a letter of intent having been issued by the buyer, and a soft probe having been conducted on their accounts by the Seller. A full corporate offer is a document which outlines the conditions of the sale.
ICPO – Irrevocable Corporate Purchase Order.
This is a document drawn up by commercial Buyers, and contains the quantities and type of commodity required, and other conditions that that the buyer would like the sale to proceed under. Once submitted to the Seller, this is deemed to be binding and the corporation is obliged to complete the sale.
LOI – Letter of Intent.
Letter of intent is a document issued from the Buyer to the Seller which indicates that the Buyer would like to enter into negotiations with the Seller in the hope of purchasing commodity. The letter of intent is not legally binding, but it does provide a starting point for negotiations.
PB – Performance Bond.
This is a type of bank guarantee which is issued from the Seller to the Buyer. It guarantees that the Seller will meet the terms of the contract. Normally issued in the amount of 2 % of the total amount of the contract, a performance bond can be drawn upon by the Buyer in the event that the Seller breaks the contract and fails to provide the product which was stipulated in the contract.
POP – Proof of Product. A Proof of Product ('POP')
Is often requested by customers or agents who believe it will give them some guarantee of the existence of the product and ability of the supplier to deliver the product.
In practice many POP's are false. POP offers no proof at all, because once a POP has been drafted it is automatically out of date – the product could have been sold to another buyer and therefore no longer exists. Nevertheless, a POP is still occasionally requested as apparent proof that a seller has the product. A POP is realistically provided only when the Buyer's bank issues a Bank Confirmation Letter (BCL) to the Seller and or seller's bank via SWIFT. Then the Seller's bank can check the availability of funds in the Buyer's bank and issue a POP to the Buyer's bank within an agreed time period (e.g. 5 days). A seller will not issue a POP to buyer without a non-operative letter of credit opened. See our procedures. The (PB) of 2 % will render the DLS operative. The bank will then send the POP five days later.
POF – Proof of Funds.
A proof of funds for transaction.
RWA – Ready, Willing and Able.
This is a document which is issued by the Buyer's bank. The bank confirms that their client has the sufficient funds in their possession and is ready, willing and able to engage in the contract.
SGS INSPECTION - http://www.sgs.com
Is the world's leading inspection, verification, testing and certification company. SGS is recognized as the global benchmark for quality and integrity. The core services offered by SGS can be divided into three categories:
- Certification Services.
SGS certifies that products, systems or services meet the requirements of standards set by governments (e.g. GOST R), standardization bodies (e.g. ISO 9000) or by SGS customers. SGS also develops and certifies its own standards.
- Inspection Services.
SGS inspects and verifies the quantity, weight and quality of traded goods. Inspection typically takes place at the manufacturer/supplier's premises or at time of loading or at destination during discharge/off-loading.
- Testing Services.
SGS tests product quality and performance against various health, safety and regulatory standards. SGS operates state of the art laboratories on or close to customer's premises. Certification Services. SGS certifies that products, systems or services meet the requirements of standards set by governments (e.g. GHOST R), standardization bodies (e.g. ISO 9000) or by SGS customers. SGS also develops and certifies its own standards.
SOFT PROBE
A soft probe is a confirmation method used by banks to verify funding for seller from a buyer, conducted by the seller's bank to the buyer's bank. Such a probe is not
recorded in the buyer's banking information and usually nothing but confirmation or lack of confirmation is recorded by the seller. Seller sends a soft document to buyer's bank to make certain buyer has enough funds or financial facility to complete transaction between them.
SWIFT – Society for worldwide Interbank Financial Telecommunication.
A global service which is responsible for facilitating communication between banks. Most payments are made via SWIFT.
Letter of Credit
Introduction to Letter of Credit
Letters of credit are a payment mechanism, particularly used in international trade. The Seller gets paid, not after the Buyer has inspected the goods and approve the, but when the Seller presents certain documents (typically a bill of lading evidencing shipment of the goods, an insurance policy for the goods, commercial invoice, etc.) to his bank. The bank does not verify that the documents presented are true, but only whether they “on their face” appear to be consistent which each other and comply with the terms of the credit. After examination the bank will pay the seller (or in LC terms the beneficiary of the letter of credit).
Letter of Credit, Standard Example:
Buyer and Seller sign a purchase contract that stipulates payment by letter of credit. It is good practice to agree already in the purchase contract which documents the Seller/Beneficiary has to present.
The Buyer/Applicant goes to his bank (so called issuing bank) opening the credit to the benefit of the Seller, in particular the Buyer tells his bank which documents the Beneficiary has to present, where and how, and the amount of the credit and details of payment (by sight, deferred sight payment, against acceptance or negotiation of drafts.)
The Issuing bank, which is normally located in a foreign country, advises the Beneficiary through a correspondence bank located in the country of the Beneficiary of the credit. So in step no. 3, the Issuing Bank issues the L/C and forwards it to the Advising Bank.
The advising Bank checks the apparent authenticity of the L/C and advises the L/C to the Beneficiary.
The Seller/Beneficiary checks if the L/C complies with the commercial agreements and if all terms and conditions specified in the L/C can be satisfied, then the Seller ships the goods.
The Beneficiary assembles the documents specified in the L/C, checks the documents for discrepancies with the L/C, draws the draft and presents the draft and the documents to the advising Bank and presents the necessary documents to his local bank which pays him after examining them.
The Advising bank bears the draft and the documents against terms and conditions of the L/C and forwards them to the Issuing Bank.
The Issuing Bank checks if the documents comply with the L/C and makes a payment immediately (if the L/C is available by sight) or on a certain date (if L/C is available by deferred payment).
L/C or LOC – Letter of Credit.
A letter of credit is a document issued from the Buyer's bank to the Seller which guarantees payment to the beneficiary of the letter of credit (the Seller), as long as the terms and conditions set out in the letter of credit are met. L/C are almost always irrevocable, can be transferable, For regular shipments a Revolving L/C is often utilized.
TLC – Transferable letter of credit.
This is the favorite instrument of the traders and middlemen to offer secure terms of payments to third parties such as their suppliers (second beneficiary in the letter of credit). When the buyer pays the letter of credit, part of the proceeds is transferred to second beneficiary.
Confirmed Letter of Credit
Confirmed Letters of Credit have the advantage that the payment obligation of the confirming bank is independent of the issuing bank. Buyers may obtain injunction against the issuing bank in their home country to prevent the bank from honoring the L/C. Obtaining an injunction in a foreign country is more difficult.
Standby Letter of Credit
A standby letter of credit is basically a bank guarantee. Previously U.S. banks were not allowed to issue guarantees and circumvented this limitation by issuing standby letters of credit where the beneficiary basically has to present his face to get paid. Most letters of credit, particularly in international transactions, are subject to the Uniform Customs and Practices (UCP) issued and published by the international Chamber of Commerce (ICC).
The current revision UCP 600 is publication No. 600 of the ICC and takes effect as of July 1, 2007. Since the ICC lacks legislative authority, meaning it is not the arm of or authorized by any government but rather a trade association, the UCP are no laws and have to be explicitly incorporated into individual transaction. Some countries and states have enacted statutes regarding letters of credit (see e.g. Article 5 US Uniform Commercial Code). In international trade however, most parties choose to use the UCP.
LETTERS OF CREDIT VARIATION
CL/C (Confirmed letter of Credit)
A letter of credit, issued by a foreign bank, with validity confirmed by a First Class (usually US or European) bank. A seller with CL/C terms is assured of payment even if the foreign buyer or the foreign bank defaults.
DL/C (Documentary Letter of Credit)
A document issued by a bank which guarantees the payment of a buyer's drafts for a specified period and up to a specified amount. The Documentary Letter of Credit provides a more secure means of carrying out transactions in import-export trade than by documentary bills collection (see Bill of Exchange). A letter of credit when transmitted through a bank, usually in the seller's country, becomes the means by which the seller obtains payment. The necessary documents, correctly completed,
are presented to a bank by an agreed date. If the terms of the credit are met, a seller can receive payment from a bank immediately.
L/C (Irrevocable Letter of Credit)
An Irrevocable Letter of Credit cannot be amended or cancelled without the consent of the issuing bank, the confirming bank (if confirmed), bears the further payment undertaking of another bank, usually the advising bank, called the Confirming Bank here since it adds its confirmation to the letter of credit. This may also be used if the issuing bank is of unknown doubtful standing to the seller and beneficiary. The payment is guaranteed by the bank if the credit terms and conditions are fully met by the beneficiary. The words Irrevocable Documentary Credit or Irrevocable Credit may be indicated in the L/C. It means that once the buyer's conditions in the letter have been agreed to the seller, they constitute a definite undertaking by the buyer's bank and cannot be revoked without the seller's agreement.
Revocable Letters of Credit
Are rarely used as the terms of the credit can be cancelled or amended by an overseas buyer at any time without notice to the seller.
RL/C (Revolving Letter of Credit)
It is a financial guarantee or performance bond issued by a bank on behalf of a buyer i.e. a written obligation of the issuing bank to pay a sum to a beneficiary on behalf of their customer in the event that the customer himself does not pay the beneficiary. The SL/C is regulated by the ICC600 rules.
SBL/C (Stand-by Letter of Credit)
It is a financial guarantee or performance bond issued by a bank on behalf of a buyer i.e. a written obligation of the issuing bank to pay a sum to a beneficiary on behalf of their customer in the event that the customer himself does not pay the beneficiary. The SL/C is regulated by the ICC600 rules.
PAYMENT
The offered payment method can greatly affect the price offered by the seller; the more secure the payment the cheaper the price. Sellers are looking for more security in payment and because of high percentage of drop outs paying by ordinary DLC. Very few sellers will offer this payment option anymore. Our minimum payment option is IRDLC revolving for one month's shipment value. For larger contracts the seller is looking for one month's shipment value held by the seller as surety against the buyer dropping out.
So what does all that mean? In the past a buyer would contract a quantity say up to 12 tomes more than the quantity they actually required; they pay for 1 or 2 shipments and then drop out; after having obtained the benefit of a price offered for the much larger quantity. Also buyers would drop out of a contract because they had since found a seller with a cheaper price. Payment option can vary with the commodity, such as sugar, where payment may be mandatory by FFBG with some sellers.
Payment option must be clearly outlined in the Soft Offers.
PAYMENT OPTIONS
All payments must be confirmed by Top 50 Prime World Bank
Confirmed, irrevocable Letters of Credit give the seller the greatest protection, since sellers can rely on the commitment of two banks to make payment.
The confirming bank will pay even if the issuing bank cannot or will not honour the draft for any reason whatever. In accordance with the additional risk assumed by the banks, however, confirmed, irrevocable letters of Credit are more expensive than unconfirmed Letters of Credit.
HERE ARE SEVERAL PAYMENT OPTIONS PREFERRED BY SELLERS
IRDLC – Payment by Irrevocable, Transferable, Auto-Revolving for one month's shipment value, Documentary letter of Credit, Confirmed by Top 50 Prime World bank,
00% at sight Port of Loading.
FFDLC - (assured for 6 month contract value) Payment by Fully Funded, Irrevocable, Transferable, Auto-Revolving for one month's shipment value, Documentary Letter of Credit, confirmed by Top 50 Prime World Bank, 100% at sight Port of Loading.
Basically with this payment there is an LC opened for 6 months value that is guaranteed by the Buyer's bank for that amount. In the fifth month, there is another 6 months
LC opened for the last batch of shipments. However, the payments are still paid one month at a time, but the LC is guaranteed for 6 months value.
FFDLC - (assured for full 12 month contract value) Payment by Fully Funded, Irrevocable, Transferable, Auto-Revolving for one month's shipment value, Documentary Letter of Credit, confirmed by Top 50 Prime World Bank, 100% at sight Port of Loading. This LC is guaranteed by the Buyer's bank for the full contract value.
IRDLC + BG - Unconditional Bank Guarantee for one month's shipment value held as security for payment and then monthly payments by Irrevocable, Transferable, Auto-Revolving for one month's shipment value, Documentary Letter of Credit, confirmed by Top 50 Prime World Bank, 100% at sight Port of Loading.
IRDLC + BG (3 moth) – Payment by Irrevocable, Transferable, Bank Guarantee for 3 month value to be held by the Seller as security for payment. This bank guarantee will be returned to the Buyer at the end of the contract period unencumbered. Each shipment shall be paid for via Telegraphic transfer within 24 hours of receiving the shipping documents.
This Irrevocable, Transferable 3 month Bank Guarantee should be issued, confirmed and guaranteed by Top 50 Prime world Bank acceptable to the Seller.
FFSBLC – Payment by Irrevocable, Fully Funded, Revolving Stand-by Letter of Credit for the total value of the goods with one month face value. The Irrevocable revolving Stand-by letter of Credit should be issued, confirmed and guaranteed by a Top 50 Prime World Bank acceptable to the Seller.
BG or FFBG – Payment by Bank Guarantee confirmed by Top 50 Prime World Bank.
The Buyer's bank is guaranteeing the funds for the full contract value, therefore with payment by BG means the buyer has the money sitting in account, pledged- that is why it is called 'Bank Guarantee'. There are other acceptable payment methods and also variations of these payment methods above applicable to certain commodities that we may accept, however these will be advised in our Soft Offers.
What is a EUR 1 Certificate?
EUR 1 is the name for a form, which is used in international commodity traffic. The application of this form is based on application of various bi- and multilateral agreements within the Pan-European preference system (the European Union Association Agreement). In the free trade agreements goods are defined, which apply to cheaper rates of duty or to be completely duty-free introduced, on the condition that they were completely manufactured in a member country or in such were so far worked on that they become on an equal footing in accordance with the agreements of the origin of the products. In order to profit from the preferential rate during a customs clearance, a EUR 1 movement certificate, in short EUR 1, must be handed over to the competent authority (usually a customs administration), in which the manufacturer certifies the origin of the goods.
The EUR 1 is recognized also as a certificate of origin in the external trade in legal sense. In place of a movement certificate also a declaration of origin on the invoice can be provided by the manufacturer or sender of the goods, if the amount of items with EU preferential origin of a single shipment does not exceed €6,000. If it concerns an approved exporter, the delimitation of 6,000 Euro does not apply. The creator of such a movement certificate or declaration of origin must be able to prove the origin characteristics of the goods with a possible check on supplier declarations.
The exporter fills in the form and then hands it over or sends it in to the competent authorities, usually customs, who stamp it and send it back to the exporter.
What is a T2L Certificate?
T2L certificate is a Single Administrative Document that is used throughout the European Community and EFTA countries for the control of imports, exports and goods in transit. This certificate is issued by Customs authorities in individual member states.
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3227 Location function code qualifier [C]
Desc: Code identifying the function of a location.
Repr: an..3
Repr: an..3
1 Place of terms of delivery
(3018) Point or port of departure, shipment or
destination, as required under the applicable terms of
delivery, e.g. Incoterms.
2 Payment place
Place where funds are to be, or have been made available
to the creditor.
4 Goods receipt place
Place at which the goods have been received.
5 Place of departure
(3214) Port, airport or other location from which a
means of transport or transport equipment is scheduled
to depart or has departed.
7 Place of delivery
(3246) Place to which the goods are to be finally
delivered under transport contract terms (operational
term).
8 Place of destination
Port, airport or other location to which a means of
transport or transport equipment is destined.
9 Place/port of loading
(3334 + 3230) Seaport, airport, freight terminal, rail
station or other place at which the goods (cargo) are
loaded on to the means of transport being used for their
carriage.
10 Place of acceptance
(3348) Place at which the goods are taken over by the
carrier.
11 Place/port of discharge
(3392 + 3414) Seaport, airport, freight terminal, rail
station or other place at which the goods (cargo) are
unloaded from the means of transport having been used
for their carriage.
12 Port of discharge
Port at which the goods are discharged from the vessel
used for their transport.
13 Place of transhipment
(3424) Place where goods are transferred from one means
of transport to another (operational term).
14 Location of goods
(3384) Place where goods are located and where they are
available for examination.
15 Place of transfer responsibility
Place where the responsibility is transferred.
16 Place of transfer of ownership
Place where the ownership of the goods is transferred.
17 Border crossing place
Place where goods are transported across a country
border.
18 Warehouse
(3156) Warehouse where a particular consignment has been
stored.
19 Factory/plant
Factory/plant relevant for a particular consignment.
20 Place of ultimate destination of goods
Place where goods will ultimately be delivered.
21 Terms of sale place
Place of departure, shipment or destination as specified
in the terms of sale agreed between the parties.
22 Customs office of clearance
(3080) Place where Customs clearance procedure occur
(CCC).
23 Port of release
Port where goods are released from Customs custody.
24 Port of entry
Port where final documentation is filed for Customs
Entry processing.
25 Country
Country relevant for a particular transaction.
26 City
City or town relevant for a particular transaction or
consignment.
27 Country of origin
[3238] Country in which the goods have been produced or
manufactured, according to criteria laid down for the
purposes of application of the Customs tariff, of
quantitative restrictions, or of any other measure
related to trade.
28 Country of destination of goods
Country to which the goods are to be delivered.
29 Railway station
Name or identification of a railway station/yard
relevant to a particular consignment.
30 Country of source
Country in which raw material or components were
originally produced prior to manufacture or assembly in
another country.
31 Building
A building or part thereof relevant to a particular
consignment or transaction.
32 Beginning of chargeable section
First rail station in a predefined section of the
chargeable voyage. A complete voyage may be divided in
sections, even within one country, that are separately
chargeable using different tariff rules (split tariffs).
33 Baseport of discharge
The port of discharge according to the tariff as opposed
to the operational port of discharge. The goods may or
may not be actually discharged at that port on the main
transport.
34 Baseport of loading
The port of loading according to the tariff as opposed
to the operational port of loading. The goods may or may
not be actually loaded at that port on the main
transport.
35 Country of exportation/despatch
(3220) Country from which the goods were initially
exported to the importing country without any commercial
transaction taking place in intermediate countries.
Syn.: country whence consigned. Country of despatch:
country from which goods are despatched between
countries of a Customs union.
36 Country of ultimate destination
(3216) Country known to the consignor or his agent at
the time of despatch to be the final country to which
the goods are to be delivered.
37 Country of last consignment
[3331] Country where the goods are loaded onto the means
of transport used for their importation.
38 Country of first destination
[3219] Country where the goods are offloaded from the
means of transport used for their exportation.
39 Country of production
Country where item has been or will be produced.
40 Country of trading
Country where item has been or will be traded.
41 Customs office of entry
[3088] Customs office at which the goods enter the
country of destination.
42 Customs office of exit
[3096] Customs office at which the goods leave the
country of dispatch/export.
43 Place of Customs examination
Place where Customs undertakes a physical inspection of
goods to satisfy themselves that the goods' nature,
origin, condition, quantity and value are in accordance
with the particulars furnished on the goods declaration
(CCC).
44 Place of authentication of document
(3410) Place where document is signed or otherwise
authenticated. Synonym: Place of issue of document.
45 Customs office of destination (transit)
(3086) Customs office at which a transit operation is
terminated. Synonym: Customs office of transit
termination.
46 Region of despatch
Region from which goods are despatched between countries
of a Customs union.
47 Region of destination
Region known to the consignor or his agent at the time
of despatch to be the final region to which the goods
are to be delivered.
48 Region of production
Region where item has been or will be produced.
49 Country of transit
Country through which goods transit.
50 Customs office of transit
[3106] Customs office which is competent for transit
formalities en route.
51 Country of invalid transit guarantee
Country in which the security or guarantee for the
movement of goods under a transit procedure is not
valid.
52 Country of destination (transit)
Country at which a Customs transit operation is
terminated. Synonym: Country of transit termination.
53 Charge and freight due from
Place or point from which charges and freight are
charged.
54 Manufacturing department
A department within the manufacturing area (e.g.
lacquering, assembly).
55 Charges and freight payable to
[3274] Name of place up to which freight charges and
other charges are to be paid.
56 End of chargeable section
Last rail station in a predefined section of the
chargeable voyage. A complete voyage may be divided in
sections, even within one country, that are separately
chargeable using different tariff rules (split tariffs).
57 Place of payment
Name of the location at which freight and charges for
main transport are payable.
58 Full track loading or unloading
Identification of the station proceeding to the loading
or unloading of a rail wagon on a full track site. (Used
only when a rail station is obliged to transfer the load
on another wagon for technical reasons - e.g. damage).
59 Place of loss
To identify the location where the loss occurred.
60 Place of arrival
Place at which the transport means arrives.
61 Next port of call
Next port which the vessel is going to call upon.
62 On-carriage port
Port of discharge at which the cargo is discharged from
the vessel, used for transport after the main transport
(transit port).
63 Sub-project location
A place at which works occur referring to a sub-project.
64 First optional place of discharge
The first optional place or port of discharge as
mentioned on the transport document where cargo can be
discharged at the option of the shipper.
65 Final port or place of discharge
Name of the seaport, airport, freight terminal, rail
station or other place at which the goods (cargo) are
finally (to be) unloaded from the means of transport
used for their carriage according to the transport
contract.
66 Express railway station
Railway station offering express transportation
services.
67 Mixed cargo railway station
Railway station offering mixed cargo transportation
services .
68 Second optional place of discharge
The second optional place or port of discharge as
mentioned on the transport document where cargo can be
discharged at the option of shipper.
69 Next non-discharge port of call
A code to identify the next port of call for a vessel
where no cargo will be discharged.
70 Third optional place of discharge
The third optional place or port of discharge as
mentioned on the transport document where cargo can be
discharged at the option of the shipper.
71 Reconsolidation point
A place where cargo is reconsolidated.
72 Fourth optional place of discharge
The fourth optional place or port of discharge as
mentioned on the transport document where cargo can be
discharged at the option of the shipper.
73 Bill of lading release office
A location where bills of lading are released to
customers.
74 Transhipment excluding this place
Place/location where a transhipment from a means of
transport to another means of transport is not
authorised.
75 Transhipment limited to this place
Only place/location where a transhipment from a means of
transport to another means of transport is authorised.
76 Original port of loading
The port where the goods were first loaded on a vessel.
77 First port of call - non-discharging
Port in the country of destination where the conveyance
initially arrives from the 'last place/port of call of
conveyance' and where a conveyance will not be
discharging cargoes.
78 First port of call - discharging
Port in the country of destination where the conveyance
initially arrives from the 'last place/port of call of
conveyance' and where a conveyance will be discharging
cargoes.
79 Place/port of first entry
Place or port where final documentation is filed for
Customs entry processing.
80 Place of despatch
Place at which the goods are taken over for carriage
(operational term), if different from the transport
contract place of acceptance (see: 10). Synonym: Place
of origin of carriage.
81 Fifth optional place of discharge
The fifth optional place or port of discharge as
mentioned on the transport document where cargo can be
discharged at the option of the shipper.
82 Pre-carriage port
Port of loading at which the cargo is loaded on the pre-
carriage vessel used for the transport prior to the main
transport.
83 Place of delivery (by on carriage)
Place to which the goods are to be finally delivered.
84 Transport contract place of acceptance
Place at which the goods are taken over by the carrier
according to the contract of carriage.
85 Transport contract place of destination
Place to which the goods are destined.
86 Country of valid transit guarantee
Country in which the security or guarantee for the
movement of goods under a transit procedure is valid.
87 Place/port of conveyance initial arrival
Place/port in the country of destination where the
conveyance initially arrives from the "Last place/port
of call of conveyance" (125).
88 Place of receipt
Identification of the location at which the cargo is
actually received.
89 Place of registration
Place where the registration occurs.
#| 90 Special treatment place
Place where one or more special treatments have happened
or must happen.
91 Place of document issue
The place or location where a document is issued.
92 Routing
Indication of a routing place.
93 Station of application of additional costs
Rail station where, according to the transport contract,
some chargeable operations must happen (re-weighting,
re-fixing of the load, control on equipment and on
consignment, etc.).
94 Previous port of call
Previous port which the vessel has called upon.
95 Sailing destination area
Geographical area to which the vessel's trip is
destined.
96 Place of lodgement of documents
Customs station where, required documents for Customs
declarations, have been lodged.
97 Optional place of discharge
The optional place or port of discharge as mentioned on
the bill of lading where cargo is discharged at the
option of the shipper.
98 Place of empty equipment despatch
The location from which empty equipment is despatched.
99 Place of empty equipment return
The location to which empty equipment is returned.
100 Place/port of warehouse entry
Location (e.g. district) within a Customs territory
where a warehouse entry was filed to enter merchandise
into a Customs bonded warehouse.
101 Country of first sale
Name of country where firstly a sale took place.
102 Country of purchase
[3394] Country where the importer's co-contractor is
domiciled or has his business.
103 Place of transfer
Place at which goods are transferred from one carrier to
another (contractual term).
104 Place of deconsolidation
Place where a large consignment is de-grouped into
smaller consignments.
105 Place of consumption
Place/location where goods enter the marketplace
(commerce) of the importing country.
106 Region of origin
Region in which the goods have been produced or
manufactured according to the criteria laid down for the
purposes of the application of the Customs tariff, of
quantitative restrictions or of any other measures
related to trade (see: 3238).
107 Place of consolidation
Place where smaller consignments of goods are grouped
together into a large consignment to be transported as a
larger unit.
108 Rate combination point
Point over which sector rates are combined.
109 Place of prolongation decision of delivery delay
Place where it has been decided to prolong the delivery
delay.
110 Recharging place/location
Place/location where a consignment has been changed of
destination and is subject to a recharge note.
(Complementary orders to modify the routing of the
transport may be given, upon which a new charge
calculation may be applied by the carrier).
111 Customs office of despatch
Customs office from which goods are despatched between
countries of a Customs union.
112 Region of equipment availability
Region in which a piece of equipment is requested to be
made available for on-hire.
113 Country of despatch
Country from which goods are despatched within a Customs
union.
114 Customs office of export
Customs office from which goods are taken out of the
Customs territory (CCC).
115 Free zone of export
Foreign free zone (desc: see 1131 = 131) from which
goods are exported to the country of importation.
116 Region of export/despatch
Region from which the goods were initially exported to
the importing country without any commercial transaction
taking place in intermediate countries. Region of
despatch: region from which goods are despatched between
countries of a Customs union.
117 Place of collection
Place where goods are to be or could be picked up
(collected).
118 Customs office of departure
Customs office at which a Customs transit operation
commences (CCC).
119 Customs office of transit guarantee
[3110] Customs office at which a security or guarantee
for the movement of goods under a transit procedure is
lodged.
120 Country of transhipment
Country where goods are transferred under Customs
control from the importing means of transport to the
exporting means of transport within the area of one
Customs office which is the office of both importation
and exportation (CCC).
121 Country of sale
[3116] Country where exporter's co-contractor is
domiciled or has his business.
122 Customs office of destination
Customs office where the goods are to be cleared (CCC).
123 Wagon-load railway station
A railway station where rail wagons are loaded.
124 Siding
A short railway track for loading or unloading rail
wagons, or bypassing of trains, connected with a main
track by switch.
125 Last place/port of call of conveyance
Conveyance departed from this last foreign place/port of
call to go to "Place/port of conveyance initial arrival"
(87).
126 Country of previous Customs procedure
Country in which the Customs declaration for the
previous Customs procedure has been lodged.
127 Customs office of registration of previous Customs
declaration
Customs office where the previous Customs declaration
has been lodged.
128 Participant sender location
Place where a participant in the movement of goods is
located and can be contacted.
129 Wage negotiation district
The district to which workers belong for the purposes of
union wage negotiation.
130 Place of ultimate destination of conveyance
Seaport, airport, freight terminal, rail station or
other place to which a means of transport is ultimately
destined.
131 Place of loading of empty equipment
Seaport, airport, freight terminal, rail station or
other place where empty equipment (e.g. containers) was
loaded onto means of transport.
132 Place of discharge of empty equipment
Seaport, airport, freight terminal, rail station or
other place where empty equipment (e.g. containers) was
unloaded from means of transport.
133 Region of delivery
(3246) Region to which the goods are to be finally
delivered under transport contract terms (operational
term).
134 Petroleum warehouse
Bonded petroleum warehouse or the supplier source.
135 Place of entry (Customs)
Place at which the goods enter the Customs territory.
136 Living animals care place
Place where living animal cares are provided.
137 Re-icing place
Place where re-icing must be executed.
138 Weighting place
Place where weight can be ascertained.
139 Marshalling yard
Station where the wagons are disconnected and
reconnected to form a new train.
140 Stopping station
Station where the train must stop or is stopped for
unexpected handling.
141 Loading dock
Platform specially equipped for loading and unloading of
rail wagons.
142 Port connection
Track connecting a rail station to a dock.
143 Place of expiry
Place where the documentary credit expires for
presentation of required documents.
144 Place of negotiation
Place where the documentary credit is to be presented
for negotiation.
145 Claims payable place
Place where insurance claims are payable.
146 Documentary credit available in
Place where the documentary credit is available with any
bank.
147 Stowage cell
Location on a vessel where units can be stowed.
148 For transportation to
Place/country where goods are to be transported to.
149 Loading on board/despatch/taking in charge at/from
Place/country where goods have to be loaded on board,
despatched or taken in charge.
150 Container stack position
Stack position of a container at a terminal, depot or
freight station.
151 Private box
A private box used for pick-up and delivery of packages,
e.g. of express packages.
152 Next port of discharge
Next port at which goods are discharged from the vessel
used for their transport.
153 Port of call
Port where a vessel has called upon or will call upon.
154 Place/location of on-hire
Place/location where an object is contracted for use.
155 Place/location of off-hire
Place/location where an object's contract for use ends.
156 Other carriers terminal
A carrier terminal belonging to a carrier other than the
original carrier.
157 Country of Value Added Tax (VAT) jurisdiction
The country governing the VAT regulation to which the
transaction is subject.
158 Contact location
The site where a contact is located.
159 Additional internal destination
Any location within the consignee's premises where the
goods are moved to.
160 Foreign port of call
A code to identify the foreign port where the vessel
calls at or will call at.
161 Maintenance location
A location where maintenance has been or will be
performed.
162 Place or location of sale
Place or location at which the sale takes place.
163 Direct investment country
Country in which a direct investment is made or
withdrawn.
164 Berth
Place or location in a port where a vessel is moored.
165 Construction country
Country in which the construction work is made.
166 Donation acting country
Country acting in the donation of aid.
167 Payment transaction country
Country of the foreign counterpart of the payment
transaction.
168 Physical place of return of item
Physical place at which the item is returned, i.e. the
location where the supplier receives the item form the
customer.
169 Relay port
A location where cargo is transferred from one ocean
carrier's vessel to another vessel owned or operated by
the same carrier under the same bill of lading.
170 Final port of discharge
Last port at which cargo is unloaded from a vessel
before the cargo is moved to a place of delivery or
destination.
171 Place of destination for pre-stacking prior to stowage
The destination location for which items are to be pre-
stacked prior to being stowed together on a means of
transport.
172 Reporting location
The location to which the information being reported is
applicable.
173 Transport contract place of despatch
A place from which goods are despatched as per transport
contract.
174 Place of residence
A place where a party lives.
175 Activity location
A place at which the activity occurs.
176 Pick-up location
Location for pick up.
177 Construction site
A place at which construction works occur.
178 Port of embarkation
Port where the person embarks onto the conveyance.
179 Port of disembarkation
Port where the person disembarks from the conveyance.
180 Place of birth
Place where the person was born.
181 Registered office
Identifies the place or location of a registered office.
182 Place of incorporation
Identifies the location of incorporation.
183 Place of business
Identifies the place or location of a business.
184 Physical location
Identifies the physical location.
185 Location to send mail
Identifies the location to which mail is sent.
186 Foreign registration location
Identifies the place or location of foreign
registration.
187 Tax filed from location
Identifies the location from which taxes are filed.
188 Filing location
Identifies the location of the filing entity.
189 Former location
Identifies an earlier or previous place or location.
190 Head office
Identifies the place or location of a head office.
191 Property
Identifies the place or location of property.
192 Correct location
Identifies the correct place or location.
193 Branch location
Identifies the place or location of a branch.
194 Former registered location
Identifies the former registered location of an entity.
195 Future location
Location to be used in the future.
196 Changed to location
Identifies the change to location.
197 Place of inquiry
Place to which an inquiry is made.
198 Original location
Identifies the original location.
199 Country of last source
The country where a product or service was last sourced.
200 Place of handling
Place where a handling operation is to be, or has been,
performed.
201 Country of origin as defined by transportation agency
Country of origin as defined by the transportation
agency.
202 Terminal
A terminus for transport vehicles.
203 Sample location
Code identifying the location from which a sample is
taken.
204 Hospital Advanced Dependency Unit (ADU)
A designated unit in a hospital for advanced dependency
nursing care.
205 Hospital Neonatal Intensive Care Unit (NICU)
A designated unit in a hospital for the provision of
intensive care to neonates.
206 Hospital Paediatric Care Unit (PCU)
A designated unit in a hospital for the provision of
care to paediatric patients.
207 Hospital Intensive Care Unit (ICU)
An intensive care unit in a hospital.
208 Hospital luxury room
A room in a hospital for patient accommodation of
superior standard.
209 Hospital shared room
A room in a hospital for shared accommodation of
patients.
210 Hospital private room
A room in a hospital for private accommodation of a
patient.
211 Bidding area
An area for which bids can be made with the same price
applicable to the whole area.
212 Price area
An area for which the same price is applicable to the
whole area.
213 Country of destination of equipment
Country of the last place where the equipment will stop.
214 Aircraft airport stand
Code used to specify the airport stand allocated to the
aircraft.
215 Airport passenger terminal
Code used to specify the airport terminal used for the
embarking or disembarking of passengers.
216 Previous berth
Place or location in a port where a vessel was
previously moored.
217 Next berth
Place or location in a port where a vessel will be
moored, after moving from the current location.
218 Entity location
Identifies the place or location of the entity.
+ 219 Goods depot
Depot where goods are received and are available for
pick-up.
+ 220 Disinfecting place
Place where disinfection has been or must be performed.
+ 221 Harbour rail station
Rail station servicing a harbour.
+ 222 Place of live animal care
Place where live animal care has been or must be
provided.
+ 223 Phytosanitary control place
Place where phytosanitary control has been or must be
performed.
+ 224 Place for re-icing or de-icing
Place where re-icing or de-icing has been or must be
performed.
+ 225 Place of refuelling
Place where refuelling has been or must be performed.
+ 226 Place of provision of an unexpected service
Place where an unexpected service has been or must be
provided.
+ 227 Private container terminal
Container terminal managed or owned by a private
company.
+ 228 Railway container terminal
Container terminal managed or owned by a railway
company.
ZZZ Mutually defined
Place or location as agreed between the relevant
parties.
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Data Element Cross Reference
DataElement 3227 is used in the following Batch Segments:
DataElement 3227 is used in the following Interactive Segments:
DataElement 3227 is used in the following Interactive Composite Elements:
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