FAQs

What are INCOTERMS?
Incoterms (International Commercial Terms) are a set of rules established by the International Chamber of Commerce (ICC) that define the responsibilities of sellers and buyers in international trade, find details below in this page.
Where do the products come from?
We have four main sources of supply:

SURPLUS STOCKS
There are importers or manufacturers of products that have considerable quantities in stock and are looking to reduce or liquidate their inventory.

END OF SEASON STOCKS
When a season ends, products remain in stock from series that can no longer be marketed by certain importers or producers in the following year, they remove these goods for liquidation of stocks.

RETURNS
These products come from stores that have received product returns and do not want to resell them, these products are divided into quality classes to differentiate them from the inspected and functional ones, from the untested ones.

REFURBISHED or SH
Following the bankruptcy of a company, the liquidators seek to sell a large part of the machinery or stock, which can be refurbished or simply sold as second-hand products.
Who guarantees the quality of the products?
PalletClearance.com operates as a B2B market place with suppliers information and contact details visible, therefore responsibility for products and their quality rests entirely with the supplier.
Who provides the transport service?
Our B2B wholesale clearance platform is connected directly to freight exchange BidTrans, product displayed prices do not include shipping but are automatically calculated at checkout based on your location, the supplier's warehouse location and the quantity of products placed in your cart. PalletClearance.com and partner platforms have obtained the best shipping prices from BidTrans due to the volumes of goods transported. The vans and trucks of BidTrans carriers come with CMR insurance and experienced drivers who help ensure that your goods are delivered in maximum safety.
Can I become a supplier?
Of course, we are always looking for serious suppliers and products with a good quality-price ratio. If you are a direct importer or manufacturer you can contact us to discuss more about a possible collaboration or you can use this form to sign up. Please note, for legal reasons and to improve our customers' safety, we only work with limited or publicly listed companies, we do not allow self-employed or private individuals to sell on our platform.
Do you also sell to public?
In short, no! PalletClearance.com is a platform intended exclusively for business-to-business sales, a B2B market place, therefore customers can only be companies or self-employed.

WHAT ARE THE INCOTERMS FOR WHOLESALE TRADING

Incoterms (International Commercial Terms) are a set of rules established by the International Chamber of Commerce (ICC) that define the responsibilities of sellers and buyers in international trade. They outline who is responsible for the transportation costs, insurance, duties, and where the transfer of risk occurs from the seller to the buyer. Here are the main Incoterms used in wholesale trading as of the latest update:

EXW (Ex Works)

  • Seller's Responsibility: Minimum responsibility. The seller makes the goods available at their premises.
  • Buyer's Responsibility: All costs and risks from the seller's premises to the final destination, including loading the goods onto transport.

FCA (Free Carrier)

  • Seller's Responsibility: Delivers goods to a carrier or another party nominated by the buyer at the seller’s premises or another named place.
  • Buyer's Responsibility: All costs and risks from that point onwards.

CPT (Carriage Paid To)

  • Seller's Responsibility: Pays for carriage to the named place of destination.
  • Buyer's Responsibility: Bears all risks and additional costs after the goods are handed over to the first carrier.

CIP (Carriage and Insurance Paid To)

  • Seller's Responsibility: Pays for carriage and insurance to the named place of destination.
  • Buyer's Responsibility: Bears all risks after the goods are handed over to the first carrier.

DAP (Delivered at Place)

  • Seller's Responsibility: Delivers when the goods are placed at the disposal of the buyer at the named place of destination. The seller bears all risks involved in bringing the goods to the named place.
  • Buyer's Responsibility: Unloading costs and import duties/taxes.

DPU (Delivered at Place Unloaded)

  • Seller's Responsibility: Delivers when the goods are unloaded at the named place of destination.
  • Buyer's Responsibility: Import duties/taxes.

DDP (Delivered Duty Paid)

  • Seller's Responsibility: Bears all costs and risks including import duties/taxes to deliver the goods to the buyer’s premises.
  • Buyer's Responsibility: Minimum responsibility, just to receive the goods.

FAS (Free Alongside Ship)

  • Seller's Responsibility: Delivers goods alongside the vessel at the named port of shipment.
  • Buyer's Responsibility: All costs and risks from that point onwards.

FOB (Free On Board)

  • Seller's Responsibility: Delivers goods on board the vessel at the named port of shipment.
  • Buyer's Responsibility: All costs and risks from that point onwards.

CFR (Cost and Freight)

  • Seller's Responsibility: Pays the costs and freight to bring the goods to the port of destination.
  • Buyer's Responsibility: Bears the risks once the goods are on board the vessel.

CIF (Cost, Insurance and Freight)

  • Seller's Responsibility: Pays the costs, freight, and insurance to bring the goods to the port of destination.
  • Buyer's Responsibility: Bears the risks once the goods are on board the vessel.

Summary Table

Incoterm Seller's Responsibility Buyer's Responsibility
EXW Goods at seller’s premises All costs and risks from premises
FCA Delivery to carrier All costs and risks from that point
CPT Carriage to destination Risks after first carrier
CIP Carriage and insurance Risks after first carrier
DAP Delivery to destination Unloading, import duties
DPU Unloaded at destination Import duties
DDP All costs and risks, duties Receive goods
FAS Alongside ship All costs and risks from that point
FOB On board the ship All costs and risks from that point
CFR Costs and freight Risks once on board
CIF Costs, freight, insurance Risks once on board

These terms provide a standardized way to outline and negotiate the terms of international trade contracts, ensuring clarity and reducing disputes over who is responsible for various aspects of the transportation and delivery process.

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