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Soumyadri Chattopadhyaya

General Counsel at Drip Capital

Other Articles by Soumyadri Chattopadhyaya
Articles on Incoterms

13 October 2022

DDP [Delivery Duty Paid] Incoterms - Price, Process & Documentation

DDP incoterms is one of the 11 incoterms published by the International Chamber of Commerce (ICC). It stands for Delivery Duty Paid, a terminology allowing flexibility to hold any mode of transport. Also, it lays maximum risk and responsibilities on the seller.

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Articles on Incoterms

09 October 2022

CIP Incoterms [Carriage & Insurance Paid] | Delivery Terms, Price & Example

The shipping incoterm CIP stands for ‘Carriage and Insurance Paid to’, wherein the seller is responsible for goods only till the first port, which is the exporter's country's port and not the terminal.

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Articles on Incoterms

04 May 2022

Free Alongside Ship (FAS) Incoterms | Meaning & Use

In the FAS incoterm, the seller has well-defined instructions for the course of transportation till the port of destination and the buyer seizes responsibility for loading the goods -- and all charges -- after the goods reach the nominated port.

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