
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.
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.
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.
FOB - Free On Board -- 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.
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.
CIF - 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.
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.
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.
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.
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.
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.
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.
DDU - Delivered Duty Unpaid -- Seller fulfills his
obligation when goods have been made available at the named place in the
country of importation
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.
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. |