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Incoterms

CFR Cost and Freight
CIF Cost, Insurance and Freight
DAP Delivered At Place
DPU Delivered at Place Unloaded
DDP Delivered Duty Paid
EXW Ex Works
FCA Free Carrier
FAS Free Alongside Ship
FOB Free On Board
CPT Carriage Paid To
CIP Carriage and Insurance Paid to
EXW seller makes goods available at premises
EXW buyer loading, all carriage X+M clearance, insurance
EXW risk seller's premises
FCA seller delivers to carrier nominated by buyer and clears export
FCA risk when handed to first carrier
FAS seller places goods alongside vessel at port of shipment
FAS buyer loading, sea freight, insurance, import clearance
FAS risk when goods are alongside
FOB seller delivers onboard vessel and clears export
FOB buyer ocean freight, insurance and clears import
FOB risk goods onboard
CPT seller pays carriage to named place
CPT risk at first carrier
CPT buyer import clearance
CIP seller CPT+insurance clause A
CIP buyer import clearance
CIP risk first carrier
CFR seller pays sea freight to destination port
CFR risk onboard at origin
CIF seller CFR+insurance clause C
CIF risk onboard at origin
DAP seller delivers ready for unloading at destination
DAP buyer unloads and clears import
DAP risk delivery place
DPU seller delivers and unloads
DPU buyer clears import
DDP seller max obligations: import clearance+duties, taxes
DDP buyer just receives
DDP risk final delivery point
Incoterms define responsibilities for costs, risks and documents
E EXW
F FCA, FAS, FOB
C CPT, CIP, CFR, CIF
D DAP, DPU, DDP
Multimodal EXW, FCA, CPT, CIP, DAP, DPU, DDP
Maritime-only FAS, FOB, CFR, CIF
EXW impractical for cross-border
FAS for bulk
C overview seller pays carriage to destination, risk transfers earlier
Clause A all risks
Clause B Named risks
Clause C Minimum cover
D overview seller bears obligation until arrival in buyer's country
X clearance seller except EXW
M clearance buyer except DDP
Created by: user-2000977
 

 



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