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EXW — Ex Works

Seller's minimum obligation; the buyer is responsible for all supply chain costs.

FCA — Free Carrier

The seller takes care of packing (possibly loading) the shipment; the buyer bears the costs incurred later.

CPT — Carriage Paid To

The seller pays the cost of carriage to the named destination; the buyer bears the costs after that.

CIP — Carriage and Insurance Paid To

The seller pays the transport and insurance costs to the named destination; the buyer bears the costs after that.

DAP — Delivered At Place

The seller delivers the goods to the designated place ready for unloading; the buyer unloads, clears customs and pays the costs incurred later.

DPU — Delivered At Place Unloaded

The seller delivers the goods to the designated place unloaded; the buyer clears customs and pays the costs incurred later.

DDP — Delivered Duty Paid

The seller delivers the goods to the named place after import clearance; the buyer does not bear any other costs or duties.

FAS — Free Alongside Ship

The seller delivers the goods alongside the ship at the named port; the buyer bears the loading costs and the resulting risks.

FOB — Free On Board

The seller delivers the goods to the ship at the designated port and handles the loading costs.

CFR — Cost and Freight

The seller pays the cost of transportation to the designated port of destination; the buyer bears the risks and insurance costs.

CIF — Cost, Insurance and Freight

The seller pays the transport and insurance costs to the named port of destination; the buyer bears the risks and costs after that.

A forwarding contract is a legal agreement between the shipper (exporter or importer) and the forwarder. It sets out the terms of the freight forwarding services the forwarder offers to the shipper. Its main components are:

Parties

Names and contact information of the sender and forwarder.

Scope of services

Services provided by the forwarder, such as transportation booking, customs clearance, storage and insurance.

Responsibilities

The duties of both parties, including the shipper's responsibility to provide correct shipping information, and the forwarder's responsibility to arrange transportation and handle customs procedures.

Prices and charges

Charges for services provided, including shipping costs, duties, taxes and any additional charges.

Liability and insurance

Limitation of both parties' liability, and insurance coverage requirements.

Indemnification

Provisions as to who is responsible for any loss or damage incurred during the shipping process.

Force majeure

Circumstances beyond the control of either party that may affect performance, such as natural disasters or political unrest.

Dispute resolution

Procedures for resolving disputes between the parties, such as mediation or arbitration.

Validity and termination

Contract duration and the terms of termination.

PSYM 2015 is a set of standard conditions for forwarding services in the Nordic countries, developed by the Nordic Association of Freight Forwarders and effective from 1 January 2016.

Scope

The terms apply to all assignments handled by members of the Freight Forwarders Association in the Nordic countries.

Incorporation

The conditions become part of the individual forwarding contract if the forwarder referred to them in the offer, or their application was agreed between the parties.

Rights and obligations

The terms define the rights and obligations of both the forwarder and the customer.

Responsibility

The terms limit the forwarder's liability in case of loss or damage to the goods.

Insurance

The terms require the forwarder to take out insurance for the transported goods.

Payment

The terms define how the customer should pay for the services provided.

Dispute resolution

The terms define how disputes between the forwarder and the customer should be resolved.

PSYM 2015 provides a clear framework for forwarding services in the Nordic countries. It is important for both forwarders and customers to know the terms, to avoid misunderstandings and disputes.

Make sure your goods are packaged securely enough to withstand the demands of international shipping. Use durable packaging materials and appropriate labelling. If you would rather we handled it, repackaging, marking and palletising are part of our value-added services.