The Incoterms are those that limit the liability of delivery of goods in relation to the price agreed
EXW = Ex-Factory: It means that the seller delivers when he places the goods available to the buyer in setting up the same seller or another named place (factory, warehouse, Etc.)
FCA = Franco in the means of transport: It means that the seller must deliver the goods to the international carrier at the place determined
FAS = Free Alongside the ship: It means that the buyer is responsible for placing the goods alongside the agreed transport medium
FOB = Free on board: Means the buyer is responsible for placing the goods on board the ship of means of transport agreed
CFR = Cost and Freight: It means that the buyer is responsible for placing the goods on board the ship of means of transport and agreed to pay the costs and freight necessary to place of destination
CIF = Cost, Insurance and Freight: It means that the buyer is responsible for placing the goods on board the ship of means of transport and agreed to pay the costs, freight and insurance necessary to place of destination.
CPT = Carriage Paid To: A term equivalent to CFR, but that is mainly used in land transport
CIP: Carriage and insurance paid to: A term equivalent to CIF, but that is mainly used in land transport
DAF = Delivered at the border: The seller fulfills its obligations when the goods are made available to the buyer before the customs border point of destination.
DES = Delivered Ex-Ship: A term commonly used for shipping goods by sea, where the buyer acts as the ship arrives at the destination indicated
DEQ = Delivered Ex-Quay: A term used for shipments normally also by sea, where the buyer acts in the dock of the point of destination.
DDU = Delivery with unpaid customs duties: When the seller is responsible for all expenses and costs involved to deliver the goods at the place in the country of the importer except for customs clearance.
DDP = Delivered with customs duties paid: When the seller is responsible for all expenses and costs involved to deliver the goods at the named place in the country of import, including customs clearance and payment of customs duties and taxes
Bill of Lading: _ Bill Of Lading (Water), Air Waybill (Air),
Coupon Code (Postal), consignment (Ground / Rail)
Cargo Manifest, Certificate of dangerous or radioactive
The Certificate of Origin is a document that aims to prove that the source of the goods exported are of domestic origin.
Payment Methods: Bank Collection, Collection Direct, Letter of Credit Advance Payment
Collections Banking: It is one in which the respective documents of the goods are accompanied by a bill of exchange, check or promissory note, which are
delivered to the buyer upon payment of such acceptance.
Direct Collection: It is one in which no bank intervention and the relationship between the foreign supplier and the importer is direct Chileno
Letter of Credit: A payment instrument, whereby the issuing bank, acting at the request of the importer undertakes to make payment to the beneficiary-seller through another bank (advising bank), that upon presentation of documents and compliance of the conditions set in the same letter
L / C Revocable: It is one that can be modified by the issuing bank,
Without warning the recipient, can still proceed with its cancellation.
L / C Irrevocable: It is one that can only be modified or revoked
With the consent of all parties to a transaction
L / C Confirmed: This is one in which the advising bank undertakes to pay
against the negotiation of documents and compliance with the requirements
established, if expected to pay the issuing bank.
L / C at sight: It is one that indicates that the payment will be made against the
presentation of shipping documents, always subject to
They comply with all terms and conditions indicated.
L / C at term supplier: It is the one that stipulates conditions
the exporter that payment is made at the deadline that the latter will
The importer has been granted, usually this term is determined
On the date of shipment of goods.
L / C Transferable: those in which the recipient is authorized to
transfer to a third party.
L / C Non-Transferable: This is one that only charges for the beneficiary.
Advance Purchase: At buyer pays the value of the goods to your supplier prior to this latest shipment of goods.
Customs: Public Service to monitor and control the passage of goods along the coasts, borders and airports of the Republic,
Customs Tariff: destinations are applicable import or export
Declaration: A document in which it enters into a customs destination, which should indicate the class or type of destination concerned.
Destination Customs: Demonstration of willingness of the owner, consignor or consignee that indicate the customs procedure to be given to goods entering or leaving the country.
Overseas: Legal Introduction of foreign goods for use or consumption in the country.
Export: Release legal national or nationalized goods for use or consumption abroad.
Cargo Manifest: Document signed by the driver or by representatives of the freight company, which contains the complete
packages of any kind on board the vehicle excluding postal effects and the effects of the crew and passengers.
Customs Value: The value of transaction, ie the price actually paid
or payable for the goods when sold for export to the country of importation adjusted as appropriate
Free Zone: Area or portion perfectly demarcated territorial unit
and near a port or airport traterritorialidad presumed covered by customs.
Primary Zone: Area of land or sea in which transactions are conducted materials, land and naval mobilization of goods which for the purposes of its jurisdiction is customs site and where they must be loaded, unloaded, received or reviewed goods for entry or exit from national territory.
School Zone: Part of the national territory and territorial waters, which corresponds to each Customs for the purpose of exercising its jurisdiction.
Destinations Customs: Import, temporary admission, Private Storage, Temporary admission for inward processing, re-entry, transit, transhipment, Redestinación.
Customs Charges: Customs duties, VAT, Additional Taxes, Fees, Surcharges.
Ad-Valorem Law: tax on imports of all goods and which is fixed in proportion to their customs value, depending on the type of goods these rights may be deferred
Specific duties: tax on imports of some goods and establishing a fixed amount of money, which is determined based on a unit of measure or kg, ton, liter, dozen, etc..
Specific rights pertaining to the following products: Wheat, Wheat Flour, Sugar cane or beet sugar and chemically pure sucrose
VAT - Sales Tax and services.: All goods imported are affects 19% VAT, which must be paid along with customs duties at the time of entry. The tax base for the calculation of this tax are the CIF value of the transaction and customs duties that are affected, both rights and ad-specific values.
Additional Taxes: Additional tax the luxury, which is the same tax base of VAT.