Incoterms Definitions - Group D - DAT, DAP, DDP
Universal Shipping News presents Incoterms Definitions: Group D. I’m Jared Vineyard.
In previous videos, we defined the Incoterms in Groups E, F, and C. This video covers DAT, DAP, and DDP.
Group D Incoterms apply to any mode of transport.
DAT – Delivered at Terminal
Definition: This term means that the seller covers all the costs of transport (export fees, carriage, insurance, and destination port charges) and assumes all risk until after the goods are unloaded at the terminal.
The buyer covers the cost of transporting the goods from the terminal or port to final destination and pays the import duty/taxes/customs costs.
Note: With this arrangement, the seller assumes a large portion of the risks and costs of transport.
DAP - Delivered at Place
Definition: This term means that the seller pays all the costs of transportation (export fees, carriage, insurance, and destination port charges) up to and including the delivery of the goods to the final destination. The buyer is responsible to pay only the import duty/taxes/customs costs. The buyer also is responsible to unload the goods from the vehicle at the final destination.
Note: The big difference between DAP and DAT is that with DAP the seller is responsible for the final leg of the journey and the buyer is responsible for the final unloading of the goods.
DDP – Delivered Duty Paid
Definition: With DDP the seller again assumes all the risks and costs of transport (export fees, carriage, insurance, and destination port charges, delivery to the final destination), but here the seller also pays any import customs/duty.
The buyer has only to unload the goods at the final destination.
Note: AKA the non-Incoterm "Free In Store” (FIS), DDP represents maximum responsibility for both costs and risk assumption from beginning to end to the seller. This arrangement is the opposite end of the spectrum from ExWorks (EXW) where the majority of the cost and risk assumption is on the shoulders of the buyer.
For more on these incoterms and all the rest, go to UniversalCargo.com.
This concludes our video series defining Incoterms.
A trigger is a named PL/SQL unit that is stored in the database and executed ( fired ) in response to a specified event that occurs in the database.
Overview of Triggers.
A trigger is a named program unit that is stored in the database and fired (executed) in response to a specified event. The specified event is associated with either a table, a view, a schema, or the database, and it is one of the following:
A database manipulation (DML) statement ( DELETE , INSERT , or UPDATE )
A database definition (DDL) statement ( CREATE , ALTER , or DROP )
A database operation ( SERVERERROR , LOGON , LOGOFF , STARTUP , or SHUTDOWN )
The trigger is said to be defined on the table, view, schema, or database.
A DML trigger is fired by a DML statement, a DDL trigger is fired by a DDL statement, a DELETE trigger is fired by a DELETE statement, and so on.
An INSTEAD OF trigger is a DML trigger that is defined on a view (not a table). The database fires the INSTEAD OF trigger instead of executing the triggering DML statement. For more information, see Modifying Complex Views (INSTEAD OF Triggers).
A system trigger is defined on a schema or the database. A trigger defined on a schema fires for each event associated with the owner of the schema (the current user). A trigger defined on a database fires for each event associated with all users.
A simple trigger can fire at exactly one of the following timing points :
Before the triggering statement executes.
After the triggering statement executes.
Before each row that the triggering statement affects.
After each row that the triggering statement affects.
A compound trigger can fire at more than one timing point. Compound triggers make it easier to program an approach where you want the actions you implement for the various timing points to share common data. For more information, see Compound Triggers.