LIsta De Incoterms

LIST OF INCOTERMS

- CFR – Cost and Freight

It means when the seller pay the transport of goods that is going to be in the sea by a ship to a port of destination.

- CIF – Cost, Insurance and Freight

It is similar than the CFR but in this case the seller need to pay the insurance costs

- CIP – Carriage and Insurance Paid to...

The seller pay the transport and the insurance costs to send the goods to the agreed destination. The seller pay it but the beneficiary is the buyer. After the goods have been so delivered the buyer have to pay any additional cost.

- CPT – Carriage Paid to... –

The seller give the goods to the person that is going to transport it to the agreed destination, pay the cost of it but when the goods have been delivered to the carrier, from this point everything that happen them is going to pay by the buyer.

- DAF – Delivered At Frontier

It means when the seller deliver the goods at the designed place and location on the frontier before it cross over to the country of destination. The seller fulfilled his obligation.

- DDP – Delivered Duty Paid

It means that the seller delivers the goods to the buyers at the agreed place, make customs at import but is not responsible for unloading the goods. The seller pay all expenses, including taxes and import charges. This is the incoterm that give the most important responsability to the exporter.

- DDU – Delivered Duty Unpaid

The seller fulfills his obligation, pay the costs but not pay the duties, taxes or any other things.

- DEQ – Delivered Ex Quay

The exporter must place the goods, without importation clearance, at the disposal of the importer on the dock at the port of destination. This term is used for sea and inland waterway or multimodal transportation.

- DES – Delivered Ex Ship

The exporter bears responsibility for placement of goods at the named destination, on board the ship, without importation clearance, and must fully assume all risks and expenses up to that point abroad.

- EXW – Ex Works –

It means that the seller delivers the goods to the buyer at the seller's premises or another named place (factory, warehouse, etc..).

This term represents the minimum obligation for the seller, and the buyer has to pay all costs and risks.

- FAS – Free Along Ship

Obligations of the exporter cease upon loading of the goods, cleared for export, on the dock, free, alongside the ship. As of this moment, the importer assumes all risks, and bears all expenses relating to loading of the goods on board the ship. The term is used for sea and inland waterway transportation.

- FCA – Free Carrier

The exporter delivers the goods, cleared for export, into custody of the transporter, at a location indicated by the importer, whereupon all responsibilities

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