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INCOTERMS® 2010

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 the 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 the 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.

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 any 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.

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 Frieght)

“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.

To Clients, Associates, Vendors of Page International:

 Page International has been closely monitoring the evolving COVID-19 coronavirus intrusion into the United States and want to assure each of you that we are taking the necessary steps to play our part in both mitigating the spread of the virus and keeping our employees safe while also maintaining our service levels during this unprecedented time. As of today, we have no diagnosed cases of COVID-19 among our staff and we have already started preventative measures to safeguard our office employees.

 As our home office is located in a hurricane zone in Savannah, GA, we already have in place a tested and proven Disaster Recovery Plan which will set a good baseline as to how we also respond to this situation. With recent large investments in our IT infrastructure and capabilities, we will be implementing an aggressive Remote-Work Policy effective on Tuesday, March 24th which will continue indefinitely and assessed weekly. A part of this plan will be an effort to immediately reduce the staff in our office building by at least 50% and hopefully more as we ensure our service and communication levels are not compromised. Each of our teams, corporate wide, will have alternating schedules i.e. remote and in-office, depending on the demands and business requirement of each of our clients. We recognize that Page International provides comprehensive global supply chain management services and we must be there to ensure, not to prohibit or slow down, the intended movement of cargo over international borders on a constant basis. With this said and as we implement this new policy, please be assured that our staff will be equipped with the latest in virtualized technology, iron-mountain secured servers and other important equipment in Spartanburg, SC, company equipped and enabled mobile devices, laptops and tablets, as well as office phone extension call-forwarding and a variety of other tools to ensure your company's cargo is fully and properly managed no different than our normal operating environment. Additionally, we have temporarily prohibited all non-mandatory visitors to our office not including the USPS, and various courier services or companies similarly in nature.
 
As always, our top priority is the health of the men and women of Page International who we feel make up the very best in this industry. With that said, I have no doubt that our leadership team and, our staff as whole, will exercise the same great pride and professionalism that they show in our office everyday no matter what location they are at. The next few weeks will no doubt be a unique situation for our company and industry, however, we remain hopeful and optimistic for a quick recovery.
 
We appreciate your cooperation, understanding, and, most importantly, your ongoing support of Page International. We recognize we are vital business partners who are all in this together. Please do feel free to contact me or your company representative with any comments, questions or suggestions.


Sincerely,
Patrick Page
President/COO