1.
TERMS FOR ANY TRANSPORT MODE
EXW – EX WORKS (… named place of delivery)
The Seller’s only responsibility is to make the goods
available at the Seller’s premises. The Buyer bears full costs
and risks of moving the goods from there to destination.
FCA – FREE CARRIER (… named place of delivery)
The Seller delivers the goods, cleared for export, to the
carrier selected by the Buyer. The Seller loads the goods if
the carrier pickup is at the Seller’s premises. From that point,
the Buyer bears the costs and risks of moving the goods to
destination.
CPT – CARRIAGE PAID TO (… named place of destination)
The Seller pays for moving the goods to destination. From
the time the goods are transferred to the first carrier, the
Buyer bears the risks of loss or damage.
CIP – CARRIAGE AND INSURANCE PAID TO (… named
place of destination)
The Seller pays for moving the goods to destination. From
the time the goods are transferred to the first carrier, the
Buyer bears the risks of loss or damage. The Seller, however,
purchases the cargo insurance.
DAT – DELIVERED AT TERMINAL (… named terminal at port
or place of destination)
The Seller delivers when the goods, once unloaded from the
arriving means of transport, are placed at the Buyer’s
disposal at a named terminal at the named port or place of
destination. “Terminal” includes any place, whether covered
or not, such as a quay, warehouse, container yard or road, rail
or air cargo terminal. The Seller bears all risks involved in
bringing the goods to and unloading them at the terminal at
the named port or place of destination.
DAP – DELIVERED AT PLACE (… named place of destination)
The Seller delivers when the goods are placed at the Buyer’s
disposal on the arriving means of transport ready for
unloading at the names place of destination. The Seller bears
all risks involved in bringing the goods to the named place.
DDP – DELIVERED DUTY PAID (… named place)
The Seller delivers the goods -cleared for import – to the
Buyer at destination. The Seller bears all costs and risks of
moving the goods to destination, including the payment of
Customs duties and taxes.
2. MARITIME-ONLY TERMS
FAS – FREE ALONGSIDE SHIP (… named port of shipment)
The Seller delivers the goods to the origin port. From that
point, the Buyer bears all costs and risks of loss or damage.
FOB – FREE ON BOARD (… named port of shipment)
The Seller delivers the goods on board the ship and clears the
goods for export. From that point, the Buyer bears all costs
and risks of loss or damage.
CFR – COST AND FREIGHT (… named port of destination)
The Seller clears the goods for export and pays the costs of
moving the goods to destination. The Buyer bears all risks of
loss or damage.
CIF – COST INSURANCE AND FREIGHT (… named port of
destination)
The Seller clears the goods for export and pays the costs of
moving the goods to the port of destination. The Buyer bears
all risks of loss or damage. The Seller, however, purchases
the cargo insurance.
