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NSAB & INCOTERMS

NSAB2015

– is applicable on all freight agreements entered after January 1, 2016

All services rendered are subject to the General Conditions of the Nordic Association of Freight Forwarders (NSAB 2015).

As contracting party cf. § 3 B the conditions limits the freight forwarder’s liability for loss of, deterioration of, or damage to goods to SDR 8.33 per kilo and for delay to the amount of the freight, and for all other loss to SDR 100,000 in respect of each assignment (§ 21).

As intermediary cf. § 3 C the freight forwarder’s liability is limited to SDR 50,000 in respect of each assignment and totally in the event of any one occurrence to SDR 500,000 (§ 24).

For storage, the total liability is limited to SDR 500,000 for damage occurring in the same occasion (§ 25).

Special attention is directed to the network clause (§ 2); claims against the freight forwarder are statute-barred after one year (§ 28); and the lien on goods (§ 14) applies to both current and previous claims.

 Download NSAB2015 in different language versions:

NSAB2015 Danish  NSAB2015 English  NSAB2015 Norwegian  NSAB2015 - PSYM2015 Finnish  NSAB2015 SE 
 Danish  English  Norwegian  Finnish  Swedish

 

Incoterms

Incoterms 2010 are the rules of the International Chamber of Commerce on the interpretation of trade terms. It consists of 11 different terms which are separated into 2 groups; those applicable to all modes of transport and those only applicable to sea and inland waterway transport.

Incoterms 2010 applicable for all modes of transport
EXW: Ex works
FCA: Free carrier
CPT: Carriage paid to
CIP: Carriage and insurance paid to
DAT: Delivered at terminal
DAP: Delivered at place
DDP: Delivered duty paid

Incoterms 2010 only applicable for sea and inland waterway transport
FAS: Free alongside ship
FOB: Free on board
CFR: Cost and freight
CIF: Cost, insurance and freight