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INCOTERMS 2010

  1. EXW (EX-Works) - One of the simplest and most basic shipment arrangements places the minimum responsibility on the seller with greater responsibility on the buyer. In an EX-Works transaction, goods are basically made available for pickup at the shipper/seller’s factory or warehouse and “delivery” is accomplished when the merchandise is released to the consignee’s freight forwarder. The buyer is responsible for making arrangements with their forwarder for insurance, export clearance and handling all other paperwork. Try it now!
  2. FOB (Free On Board)- One of the most commonly used-and misused-terms, FOB means that the shipper/seller uses his freight forwarder to move the merchandise to the port or designated point of origin. Though frequently used to describe inland movement of cargo, FOB specifically refers to ocean or inland waterway transportation of goods. “Delivery” is accomplished when the shipper/seller releases the goods to the buyer’s forwarder. The buyer’s responsibility for insurance and transportation begins at the same moment. Try it now!
  3. FCA (Free Carrier) - In this type of transaction, the seller is responsible for arranging transportation, but he is acting at the risk and the expense of the buyer. Where in FOB the freight forwarder or carrier is the choice of the buyer, in FCA the seller chooses and works with the freight forwarder or the carrier. “Delivery” is accomplished at a predetermined port or destination point and the buyer is responsible for Insurance. Try it now!
  4. FAS (Free Alongside Ship)* - In these transactions, the buyer bears all the transportation costs and the risk of loss of goods. FAS requires the shipper/seller to clear goods for export, which is a reversal from past practices. Companies selling on these terms will ordinarily use their freight forwarder
  5. CFR (Cost and Freight) -This term formerly known as CNF (C&F) defines two distinct and separate responsibilities-one is dealing with the actual cost of merchandise "C" and the other "F" refers to the freight charges to a predetermined destination point. It is the shipper/seller's responsibility to get goods from their door to the port of destination. "Delivery" is accomplished at this time. It is the buyer's responsibility to cover insurance from the port of origin or port of shipment to buyer's door. Given that the shipper is responsible for transportation, the shipper also chooses the forwarder.
  6. CIF (Cost, Insurance and Freight) -This arrangement similar to CFR, but instead of the buyer insuring the goods for the maritime phase of the voyage, the shipper/seller will insure the merchandise. In this arrangement, the seller usually chooses the forwarder. "Delivery" as above, is accomplished at the port of destination.
  7. DAT (Delivered At Terminal) - This term is used for any type of shipments. The shipper/seller pays for carriage to the terminal, except for costs related to import clearance, and assumes all risks up to the point that the goods are unloaded at the terminal.
  8. DAP (Delivered At Place) - DAP term is used for any type of shipments. The shipper/seller pays for carriage to the named place, except for costs related to import clearance, and assumes all risks prior to the point that the goods are ready for unloading by the buyer.
  9. DDP (Delivered Duty Paid) - DDP term tend to be used in intermodal or courier-type shipments. Whereby, the shipper/seller is responsible for dealing with all the tasks involved in moving goods from the manufacturing plant to the buyer/consignee's door. It is the shipper/seller's responsibility to insure the goods and absorb all costs and risks including the payment of duty and fees.

CIP (Carriage and Insurance Paid To) 
This term is primarily used for multimodal transport. Because it relies on the carrier's insurance, the shipper/seller is only required to purchase minimum coverage. When this particular agreement is in force, Freight Forwarders often act in effect, as carriers. The buyer's insurance is effective when the goods are turned over to the Forwarder.

Chengco

CLIENTS & PARTNERS

We have always believed that success is never a solo act and thus we are keen on partnering with the largest and most prominent organizations both locally and internationally.
From sustainable development initiatives to innovative JACINTA CHENGCO CO solutions and services, our board of governors with the executive president are creating and maintaining successful partnerships.
Virtual Partners
We solicit inquiries from organizations who would want to collaborate with us for the market our products and be a part of our business operations. We welcome queries from our prospects and look forward to join hands with them to strengthen our endeavors. We are committed to a quick and prompt feedback regarding the details of our products and services.
Open communication between the organization and the client is a pre- requisite for establishing a long lasting and mutually beneficial relationship. Through our co lateral approach, we understand the requirements of our clients and deliver services accordingly. The liberal norms and regulations regarding foreign investment in Paper Industry makes Philippines a favorable country for conducting business in Paper.
Our management keeps a close interface with the customers and incorporate the specifications of our clients before supplying the products. We meet our customers' needs and relentlessly look for new ways to exceed their expectations and serve them with the best in the trade.
The following are our prominent partners that have shared the mission of "partners in success" with us.

Best Quality @ Unbeatable Price, Unbeatable Service..

Mobirise

Paper Converting

Mobirise

Inner Core Liner

Mobirise

Private Labels

Mobirise

Watermaking

Address

JACINTA CHENG CO
No 8 Bonifacio Street, Cotabato City
9600 Maguindanao, Philippines

Contacts

Email: [email protected]                    [email protected]
Phone: +63 (932) 4962911
Whatsapp: +63 (932) 4962937
Wechat: +63 (932) 4962937
Tel/Fax: +1 315 509 0478