What does DAF mean in INTERNATIONAL BUSINESS
'Delivered at Frontier' (DAF) is an Incoterm term used in international trade. It states that the seller delivers when they place the goods at the disposal of the buyer on the frontier, but before the customs border of the country of importation. In other words, it can be seen as a door-to-door delivery up to the international border.
DAF meaning in International Business in Business
DAF mostly used in an acronym International Business in Category Business that means Delivered at Frontier
Shorthand: DAF,
Full Form: Delivered at Frontier
For more information of "Delivered at Frontier", see the section below.
Essential Questions and Answers on Delivered at Frontier in "BUSINESS»INTBUSINESS"
What does DAF mean?
DAF stands for Delivered at Frontier and is an Incoterm term used in international trade.
Who is responsible for unloading at destination?
Under Delivered at Frontier arrangements, the buyer is responsible for unloading at destination. This includes all costs associated with such activities like custom duties, taxes and more.
Who is responsible for insuring and transporting goods?
The seller is responsible for both insuring and transporting goods to the frontier under a Delivered at Frontier arrangement.
When does responsibility transfer from seller to buyer?
Responsibility transfers from seller to buyer when they place the goods at their disposal on the frontier, but before customs clearance of importing country.
What are some examples of ‘frontier'?
Examples of ‘frontier' include national borders or boundaries between two countries or even ports or airports located within a country but not yet entered into their customs zone.
Final Words:
Delivered at Frontier (DAF) transactions are commonly used in international trade because it allows for efficient transportation without going through customs formalities until it reaches its final destination which saves time and money. Such transactions require good cooperation between exporter and importer to ensure risks are minimized along with successful deliveries of goods.
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