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Incoterms

EXW: EX WORKS

Minimum obligation of the seller - Seller stores the goods at the sellers place of business or factory as per the buyer’s request, thereafter the buyer is responsible for the goods.

FCA: FREE CARRIER

Seller transports the goods to a place designated by the buyer (country of export), thereafter the buyer is responsible for the goods.

FAS: FREE ALONGSIDE SHIP

Seller transports the goods alongside the vessel designated by the buyer, thereafter the buyer is responsible for the goods.

FOB: FREE ON BOARD

Seller transports the goods on board the vessel, thereafter the buyer is responsible for the goods.

CFR: COST & FREIGHT

FOB terms plus the seller additionally bears the cost and freight required for transportation to the port of destination, and responsibility for the transfer of goods remains the same as FOB terms.

CIF: COST INSURANCE & FREIGHT

CFR terms plus the seller bears insurance costs against any damage to the goods during transportation, and responsibility for the transfer of goods remains the same as FOB terms.

CPT: COST PAID TO

FCA terms plus the seller bears the shipping cost to the place designated by the buyer (country of import), and responsibility for the transfer of goods remains the same as FCA terms.

CIP: CARRIER & INSUARNCE PAID TO

CPT terms plus the seller bears the insurance costs against any damage to the goods during transportation, and responsibility for the transfer of goods remains the same as FCA terms.

DAP: DELIVERED AT PLACE

Seller transports the goods to a place designated by the buyer (country of import), thereafter buyer is responsible for the goods.

DPU: DELIVERED AT PLACE UNLOADED

DAP terms plus the seller bears the responsibility for unloading, thereafter the buyer is responsible for the goods.

DDP: DELIVERD DUTY PAID

Maximum obligation of the seller - Seller bears all costs and liabilities except for unloading.