TransportationTermType

When a seller ships something via common to a buyer in accordance with the Uniform Commerical Code and international legal agreements, you must specify a particular "phrase" that states who assumes the risk of shipment, who is responsible for loading and unloading the goods, where ownership or title to the goods passes, who paid or pays the carrirer, etc.

Examples of these "phrases" include:
- "FOB Origin Prepaid and Add" (Free On Board - no cost for loading, title passes at seller's dock, seller prepaid freight cost and delivery insurance, seller will freight costs to cost of goods)
- "FOB Destination" or "FOB Destination Prepaid" (Free On Board - no cost for loading, title passes at buyer's dock, seller prepaid freight cost and delivery insurance)

In software applications, this phrase is commonly split into two coded pieces, a "legal terms" risk and responsibility component for use with common carriers (FOB Destination) and some kind of qualifying component (Prepaid and Add).
			

See http://www.openapplications.org/platform/1.

Complex type information

Content

• Sequence [1..1]
  1. IncotermsCode [0..1]    Is a contractual code used to describe the point where delivery occurs (goods ownership is transferred) in a contract of sale. It identifies the rights and obligations of each partner (supplier, carrier and customer) in the transaction and may specify the requirements to assume ownership (i.e. paying for the cost of the goods and/or transportation). The United Nations Trade Facilitation Information Exchange (UN/TraFIX) has established the following codes (INCOTERMS 1990) for use in international trade to Europe, Asia and the Pacific. (See http://www.unece.org/trade/rec/rec05en.htm). These terms may also be found in the United States Uniform Commercial Code (UCC). EXAMPLES EXW - Ex Works ... (named place) FCA - Free Carrier ... (named place) FAS - Free Along Ship ... (named port of shipment) FOB - Free On Board ... (named port of shipment) CFR - Cost and Freight ... (named port of destination) CIF - Cost, Insurance and Freight ... (named port of destination) CPT - Carriage Paid To ... (named place of destination) CIP - Carriage and Insurance Paid to ... (named place of destination) DAF - Delivered At Frontier ... (named place) DES - Delivered Ex Ship ... (named port of destination) DEQ - Delivered Ex Quay (Duty Paid) ... (named port of destination) DDU - Delivered Duty Unpaid ... (named place of destination) DDP - Delivered Duty Paid ... (named place of destination)
  2. PlaceOfOwnershipTransferLocation [0..1]    Identifies the place where the transfer of ownership takes place.
  3. ShipmentServiceLevelCode [0..1]    Is a generic code that specifies a particular type or quality of carrier delivery service to be used for transporting goods. A generic service level code is often established by shippers to consolidate various equivalent, but differently named, carrier service levels for comparison when "rate shopping" for the lowest cost transportation provider. See CarrierServiceLevel for specifying the carrier's actual service level code.
  4. FreightTermCode [0..1]    Describes how the freight cost for a shipment of goods should be billed. EXAMPLES: Prepaid, Collect, Third Party, Prepaid and Add, Consignee Billed
  from group FreeFormTextGroup
  Sequence [0..1]
  1. Description [0..*]    
  2. Note [0..*]    
  5. UserArea [0..1]    Allows the user of OAGIS to extend the specification in order to provide additional information that is not captured in OAGIS.This is done by defining the additional information in XML Schema and referencing the new schema in the xml instance document through the use of namespaces. Once this is done the additional information defined there can be carried in the BOD XML instance document.The Open Applications Group will make best efforts to quickly consider all proposed submissions.The USERAREA is always the last element in all components, except where the component has been extended inline.

Attributes

None

Used by

• Element TransportationTerm