This term, which designates the place at the port where the container is received or delivered, can, depending on the situation, refer to a depot, a container park or a port terminal. On the other hand, it avoids having to resort to rebilling after the event for local costs incurred by one of the two contracting parties (buyer and seller). This cohesion is not obligatory since it is not an obstacle to realisation of the operation. Good practice involves seeking maximum cohesion between liner terms and incoterms ® in preparing an international commercial operation. The bill of lading, in the area it covers, contributes to the execution of the commercial contract. The bill of lading is established as a direct consequence of the commercial contract and not the opposite. We studied them in detail in our article marking publication of the new ICC 2020 edition. These rules set out the way that costs and risks are distributed among the parties to a commercial, contract by indicating precisely where they are to be found.
Incoterms ® are the international rules setting out the terms of sale between buyer and seller which are published by the International Chamber of Commerce.They shape the bill of lading (BL) by indicating which charges are included and which are excluded. Liner Terms set out a shipping company's rate offer, essentially detailing the share-out of loading and unloading costs between shippers/end clients and the company.To begin this examination of liner terms, which is to say, basically, shipping companies' general conditions of sale, we need to recall a certain number of things. This week, we look at the different options proposed by the shipping companies before discussing next week the relationship between liner terms and incoterms ®, which are together essential to international trade. Upply takes you into the technical side of container shipping with this update on liner terms.
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