Named Place is generally Seller’s Location (or where product initially ships from)
Delivery – Seller delivers goods when placed at buyer’s disposal at the name place of delivery
Goods are packaged
Goods are NOT LOADED on the collecting vehicle
Seller Risks – Minimum obligation for seller; once packaged there is a loss of control over transportation movement, where package is finally received, how export or import documentation is presented to relevant governments
Buyer Risks – Buyer bears all costs and risks involved in taking the goods from the named place
Carriage: Buyer responsibility to arrange for pre-carriage, main carriage, on-carriage
Insurance: Neither party required to insure goods
Export/Import Clearance: Buyer must handle all requirements, pay all associated duties and fees
Note: Should NOT be used when the buyer cannot carry out export requirements directly or indirectly