Good to know
This section provides essential information on the basics/rules of international shipping and gives you the knowledge to navigate this complex area. Our dedicated team is focused on providing excellent service and support so you can make informed decisions.
With Nordic Swift, you can trust that we will expertly manage your logistics needs. If you have any questions, don’t hesitate to contact us!
Terms of delivery
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 transportation 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, unloaded; the buyer 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 to 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.
Forwarding agreement and duties of the parties
A forwarding contract is a legal agreement between the shipper (exporter or importer) and the forwarders. It sets out the terms of freight forwarding services that the forwarder offers to the shipper.
The main parts that are typically included in a forwarding contract:
Parties: Names and contact information of the sender and forwarders.
Scope of services: Special services provided by the forwarder, such as transportation booking, customs clearance, storage and insurance.
Responsibilities: The duties and responsibilities of both parties, including the shipper's responsibility to provide correct shipping information and the forwarders' 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 the performance of the contract, such as natural disasters 1 or political unrest.
Dispute Resolution: Procedures for resolving disputes that may arise between the parties, such as mediation or arbitration.
Validity period and termination: Contract duration and terms of termination.
PSYM 2015
PSYM 2015 is a set of standard conditions for forwarding services in the Nordic countries. It was developed by the Nordic Association of Freight Forwarders (NSAB) and came into effect on January 1, 2016.
The main points of PSYM 2015 are:
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 has referred to the conditions in his offer or the application of the conditions has been 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 by the forwarders.
Dispute resolution:
The terms define how disputes between the forwarder and the customer should be resolved.
PSYM 2015 is a comprehensive set of contract terms that 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.
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Tips
Here are some tips on the basics. If you're transporting goods or moving them across borders, understanding the process can save you time and money.