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CLAUSE I54 FOB ORIGIN (August 2002) (a) The term “f.o.b. origin, as used in this clause, means free of expense to SURE delivered (1) On board the indicated type of conveyance of the carrier (or

How to fill out clause i-54 fob origin

How to fill out clause i-54 fob origin:

1. Identify the relevant shipment: Begin by determining the specific shipment that you are referring to when filling out clause i-54 FOB origin. This could be a purchase order or a contract that includes specific details about the goods being shipped.
2. Determine the point of origin: Next, specify the exact location where the goods will be shipped from. This should include the name of the city, country, and any specific locations such as a warehouse or port.
3. Provide necessary documentation: Ensure that you have all the required documentation for the shipment, such as commercial invoices, bill of lading, insurance certificates, and export licenses. These documents will be necessary for the smooth execution of the shipment.
4. Specify the delivery terms: Clearly indicate the delivery terms of the shipment. In the case of FOB (Free On Board) origin, it means that the responsibility and cost for the goods transfer from the seller to the buyer as soon as the goods are loaded onto the carrier at the point of origin.
5. Include relevant shipment details: Describe the goods being shipped in detail, including their quantity, weight, dimensions, and any applicable identification or serial numbers. This information will help ensure accurate handling and delivery of the goods.

Who needs clause i-54 fob origin?

1. Importers and exporters: Importers and exporters who are involved in international trade and transportation of goods can benefit from understanding and using clause i-54 FOB origin. This clause helps determine the responsibility and costs associated with the shipment at its origin.
2. Shipping and logistics professionals: Professionals working in the shipping and logistics industry, including freight forwarders, customs brokers, and shipping agents, need to be familiar with clause i-54 FOB origin. It enables them to accurately handle and manage shipments, ensuring compliance with international trade regulations.
3. Legal and contractual parties: Individuals and organizations involved in creating contracts, purchase agreements, or international trade agreements should be aware of clause i-54 FOB origin. It facilitates the inclusion of terms and conditions regarding the responsibility and transfer of goods at their point of origin.
4. Trade compliance professionals: Trade compliance professionals, including customs officers and trade compliance managers, need to understand clause i-54 FOB origin to ensure that all necessary documentation is provided and that the shipment complies with relevant trade regulations and laws.

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What is clause i-54 fob origin?

Clause i-54 fob origin is a specific term used in international trade to indicate that the seller is responsible for the goods until they are loaded onto the vessel for shipment.

Who is required to file clause i-54 fob origin?

The seller is typically required to file clause i-54 fob origin as it is part of the sales contract terms.

How to fill out clause i-54 fob origin?

To fill out clause i-54 fob origin, the seller must ensure that all the relevant information about the origin of the goods, the responsibility for the goods, and the shipping terms are clearly stated.

What is the purpose of clause i-54 fob origin?

The purpose of clause i-54 fob origin is to define the responsibilities of the seller and the buyer in terms of shipping the goods.

What information must be reported on clause i-54 fob origin?

Information such as the origin of the goods, the loading point, the responsibility for the goods, and the shipping terms must be reported on clause i-54 fob origin.