Incoterms 2020
International commercial terms defining responsibilities between buyer and seller: EXW, FOB, CIF, DAP, DDP, among others.
Chilean customs regimes
Import for consumption, temporary admission, customs warehousing, free zone, drawback.
International certifications
ISO 9001, ISO 22000, FSSC 22000, BRCS, HACCP, Halal, Kosher, Organic.
Chilean acronyms and bodies
SAG, SEREMI, SNA (Servicio Nacional de Aduanas), DIRECON/SUBREI, ProChile, ASEXMA.
Financial and documentary terms
Letter of credit, documentary collection, B/L (Bill of Lading), AWB (Air Waybill), packing list, commercial invoice.
Key facts
- Resource type
- Glossary · quick reference
- Categories covered
- Incoterms · regimes · certifications · acronyms · financial terms
- Update
- Reviewed at every relevant regulatory change
- Recommended use
- Point queries · reference for commercial and Comex teams
Frequently asked questions
What is an Incoterm and what is it for?
An international agreement on who assumes costs and risks at each leg of the foreign trade operation: transport, insurance, paperwork, unloading.
Difference between FOB and CIF?
FOB (Free On Board) means the seller delivers cargo on the ship at origin port. CIF (Cost, Insurance, Freight) additionally includes freight and insurance to destination port.
What is a free zone?
Special regime where cargo can be stored, processed and re-exported without paying Chilean duties. Iquique and Punta Arenas are the two operating free zones in Chile.
What is drawback?
Customs benefit allowing recovery of duties paid on imported inputs when the final product is exported. Applies to incentivize exports with local added value.
Who issues international certifications?
Independent accredited certification bodies (Bureau Veritas, SGS, TÜV, among others). Scope and audit depend on the specific standard.