DAT (Delivered At Terminal)
DAT (Delivered At Terminal)
DAT (Delivered At Terminal) is a term that is commonly used in international trade when the seller delivers the goods to a specified terminal at the port of destination and is responsible for paying the costs associated with transportation to the terminal. The seller may use any mode of transportation, and the buyer is responsible for arranging and paying for any additional transportation or handling costs beyond the terminal.
Here is an example of how DAT (Delivered At Terminal) might be used in a contract:
Seller: ABC Company
Buyer: XYZ Corporation
Goods: 100 units of widget A
Price: $10 per unit
Terms: DAT (Delivered At Terminal)
Under these terms, the seller will deliver the goods to a designated terminal at the port of destination in Country Y and will pay the costs associated with transporting the goods to the terminal. The seller may use any mode of transportation, and the buyer is responsible for arranging and paying for any additional transportation or handling costs beyond the terminal in Country Y. The seller is not responsible for any delays or damages that may occur during transportation.
In this example, the seller's responsibility is limited to delivering the goods to a designated terminal at the port of destination in Country Y and paying the costs associated with transporting the goods to the terminal. The buyer is responsible for everything else, including arranging and paying for any additional transportation or handling costs beyond the terminal, customs clearance, and any other costs associated with getting the goods to their final destination.