COMMERCIAL TERMS OF SHIPMENT

    Rules for mode of transport
  • EXW – Ex Works (named place of delivery)
  • FCA – Free Carrier (named place of delivery)
  • CPT – Carriage Paid To (named place of destination)
  • CIP – Carriage and Insurance Paid to (named place of destination)
  • DAT – Delivered At Terminal (named terminal at port or place of destination)
  • DAP – Delivered At Place (named place of destination)
  • DDP – Delivered Duty Paid (named place of destination)
  • Rules for sea and inland waterway transport
  • FAS – Free Alongside Ship (named port of shipment)
  • FOB – Free on Board (named port of shipment)
  • CFR – Cost and Freight (named port of destination)
  • CIF – Cost, Insurance & Freight (named port of destination)
Method Usual Time of Payment Goods Available To Buyer Risk to Seller Risk to Buyer Comments
CASH IN ADVANCE (Telegraphic Wire Transfer) Before shipment After payment Assurance of buyers requirements. Complete. Relies on seller to ship exactly the goods expected, as quoted and ordered Seller's goods must be special in one way or another, or special circumstances prevail over normal trade practices (e.g., goods manufactured to buyer-only specification).
LETTER OF CREDIT (Confirmed L/C) at sight. Commerical Invoice must match the L/C exactly. Dates must be carefully headed. "Stale" documents are unacceptable for collection. Letters of Credit require total accuracy in conforming to terms, conditions, and documentaion. Consult your United Shipping Associate member for determining feasibility of terms and conditions
Terms Ranked from LEAST RISK to MOST RISK for the Seller
Branch Name SBI BALLYGUNGE
Branch code 000018
Current account 33770115986
SWIFT code SBININBB328 (T/T Wire transfer) MICR code 700002010 IFSC code SBIN0000018
BANKER STATE BANK OF INDIA
Account holder ANNOPURNA COMMODITIES SUVRA SAHA(Sole Proprietor)
Address 54, Rash Behari, 50 A, Gariahat Road, 2nd Floor, Ekdalia Rd, Gariahat, Ballygunge
City KOLKATA
Pin Code 700019
State WEST BENGAL (INDIA)
Telephone 1 +91(33) 3324618297
Telephone 2 +91(33) 3324619839
Fax +91(33) 3324619379
Email ID sbi.00018@sbi.co.in