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INCOTERMS
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EXW - Ex Works -
Title and risk pass to buyer including payment of all transportation
and insurance cost from the seller's door.
Used for any mode of transportation.
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FCA - Free Carrier - FCA - Free
Carrier -- Title and risk pass to buyer including transportation and
insurance cost when the seller delivers goods cleared for export
to the carrier. Seller is obligated to load the goods on the Buyer's
collecting vehicle; It is the Buyer's obligation to receive the Seller's
arriving vehicle unloaded.
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FAS - Free Alongside Ship
- Title and risk pass to buyer including payment of all transportation
and insurance cost once delivered alongside ship by the seller.
Used for sea or inland waterway transportation. The export clearance
obligation rests with the seller.
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FOB - Free on Board
- Title and risk pass to buyer including payment of all transportation
and insurance cost once delivered on board the ship by the seller.
Used for sea or inland waterway transportation
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CFR - Cost and Freight
- Title, risk and insurance cost pass to buyer when delivered on board
the ship by seller who pays the transportation cost to the destination
port. Used for sea or inland waterway transportation.
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CIF - Cost Insurance and Freight
- Cost, Insurance and Freight -- Title and risk pass to buyer when
delivered on board the ship by seller who pays transportation and
insurance cost to destination port. Used for sea or inland waterway
transportation.
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CPT - Carriage Paid To
- Title, risk and insurance cost pass to buyer when delivered to
carrier by seller who pays transportation cost to destination.
Used for any mode of transportation.
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CIP - Carriage and insurance Paid to
- Title and risk pass to buyer when delivered to carrier by seller who
pays transportation and insurance cost to destination. Used for any mode
of transportation.
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DAF - Delivered at Frontier
- Title, risk and responsibility for import clearance pass to buyer
when delivered to named border point by seller. Used for any mode
of transportation.
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DES - Delivered Ex Ship
- Title, risk, responsibility for vessel discharge and import clearance
pass to buyer when seller delivers goods on board the ship to destination
port. Used for sea or inland waterway transportation.
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DEQ - Delivered Ex Quay (Duty Paid)
- Title and risk pass to buyer when delivered on board the ship at the
destination point by the seller who delivers goods on dock at destination
point cleared for import. Used for sea or inland waterway transportation.
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DDU - Delivered Duty Unpaid
- Title, risk and responsibility of import clearance pass to buyer
when seller delivers goods to named destination point. Used for any
mode of transportation. Buyer is obligated for import clearance.
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DDU - Delivered Duty Unpaid
- Seller fulfills his obligation when goods have been made
available at the named place in the country of importation.
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DDP - Delivered Duty Paid
- Title and risk pass to buyer when seller delivers goods to named
destination point cleared for import. Used for any mode of transportation.
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NOTE:
EXW, CPT, CIP, DAF, DDU and DDP are commonly used for any mode of
transportation. FAS, FOB, CFR, CIF, DES, and DEQ are used for
sea and inland waterway.
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