TransportationTermBaseType

A base definition of  terms of the transportation agreement. 
			

Usage:  When a seller ships something via common to a buyer in accordance with the Uniform Commercial 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 carrier, 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).
			

Complex type information

Content

• Sequence [1..1]
  from type IdentificationType
  ID [0..*]    Is the Identifiers of the given instance of an entity within the scope of the integration. The schemeAgencyID attribute identifies the party that provided or knows this party by the given identifier.
  IDSet [0..*]    
  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 2010) for use in international trade. (See http://www.unece.org/cefact/recommendations/rec_index.htm). These terms may also be found in the United States Uniform Commercial Code (UCC). EXAMPLES General transport EXW - Ex Works ... (named place) FCA - Free Carrier ... (named place) CPT - Carriage Paid ... (named place of destination) CIP - Carriage and Insurance Paid To ... (named place of destination) DAT - Delivered at Terminal DAP - Delivered at Place ... (named place of destination) DDP - Delivered Duty Paid ... (destination place) Water transportation 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)
  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
  Description [0..*]    
  Note [0..*]    
  5. FreightChargeGeographicLocationIndicator [0..1]    An indicator specifying a geographic locations basis of a freight charge.

Attributes

Used by

• Element TransportationTerm via derived type TransportationTermType

Type inheritance chain

• IdentificationType
  • TransportationTermBaseType
    • extended by TransportationTermType