Surveys and Studies - Mundus Agri

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Interviews

Oct 15, 2020

Credit insurance companies: small and medium-sized businesses rated as ticking time bombs

SEEHEIM-JUGENHEIM. Market players are voicing their frustration as credit insurance companies are cutting credit limits in many cases and are partly refusing to provide insurance. In an interview with the Auditor insurance companies, by contrast, state that assessment criteria have remained unchanged since the pandemic struck.

Surveys and Studies

Sep 16, 2020

Survey: hygiene measures in light of the coronavirus

SEEHEIM. The AUDITOR has conducted an anonymous survey on hygiene among companies in different industrial sectors. Excerpts of the answers provided are illustrated in an abstract as a means of displaying the situation in Germany.

Surveys and Studies

Aug 25, 2020

Germany: economy on the road to recovery

FRANKFURT/MUNICH. The mood among business leaders in Germany is still on the upswing as the ifo Business Climate index rose to 92.6 points in August, after 90.4 points in July. Moods, however, differ with many companies still struggling.

Surveys and Studies

Jul 1, 2020

New swine flu virus: potential to spark human pandemic

FRANKFURT. Media reports state that researchers in China have issued warnings over a new H1N1 swine flu strain that spreads to humans. Blood tests showed that workers in pig farms in China have a high degree of antibodies of the virus. Scientist throughout the world agree that further tests and controls are required to prevent a possible pandemic.

Surveys and Studies

Jul 1, 2020

Germany: Covid-19 pandemic hits food industry exports particularly hard

BERLIN The German economy has been hard hit by the virus since March and the impact on the food industry is severe. In a survey recently conducted by AFC Managament Consulting the Federation of German Food and Drink Industries (BVE) highlights the effects the pandemic has had on food industry exports.

What are incoterms?

Incoterms are internationally recognized trade clauses that facilitate the trade in goods with the help of standardized contract formulas. They regulate the distribution of costs and obligations and thus prevent misunderstandings and disputes. They must always be agreed by both contracting parties and confirmed by signing the contract.

Overview of the incoterms

Please note that this is only a rough overview of the Incoterms. For a comprehensive description of the Incoterms, please visit the website of the International Chamber of Commerce.

EXW - Ex-Works (ex works)
The seller must ensure access to the goods at another named location (e.g. factory, factory, warehouse, etc.). The buyer organizes the loading and the transport and bears the costs and risks.

FCA – Free Carrier (free carrier)
The seller must deliver the goods to the buyer's carrier at a location specified by the buyer (for shipping or collection). The seller also undertakes the export customs declaration. The buyer assumes the risk from the moment the goods are handed over to the carrier.

FOB – Free on Board (free on board)
The seller assumes all costs and risks until the goods have been loaded onto the ship. The seller is also responsible for export clearance. The buyer takes responsibility as soon as the goods are on board.

CIF – Cost, Insurance And Freight (Costs, insurance and freight to the port of destination)
The seller assumes all costs and risks until the goods have been loaded onto the ship. The seller bears the costs for packaging and postage for export. The seller also takes out insurance against the buyer's risk of losing or damaging the goods during carriage.

DAP – Delivered At Place (delivered named place)
The seller assumes the costs and risks for the transport of goods to an agreed address.

DAT - Delivered at Terminal (delivered terminal)
The seller must make the goods cleared for import available to the buyer at the terminal of the named port of destination at the agreed time.

CPT – Carriage Paid To (freight paid by)
The seller must make the goods cleared for import available to the buyer at the terminal of the named port of destination at the agreed time.

DDP – Delivered Duty Paid (duty paid free)
The seller delivers the goods to a destination at his own risk and expense. He takes care of all the formalities and bears all costs and import duties.

CFR – Cost and Freight (cost and freight)
The seller assumes all costs and risks until the goods have been loaded onto the ship. The seller has to conclude the transport contract and bears the costs and freight for transporting the goods to the named port of destination or import terminal

CIP – Carriage And Insurance Paid To (freight and insurance paid by)
The seller delivers the goods to the carrier or another person named by the seller to an agreed location. The seller bears the costs and risks for the transport to the specified destination, as well as for the freight insurance. The buyer regulates the import handling and import taxation.

FAS – Free Alongside Ship (free alongside ship)
The seller delivers the goods to the carrier or another person named by the seller to an agreed location. The seller bears the costs and risks for the transport to the specified destination, as well as for the freight insurance. The buyer regulates the import handling and import taxation.