|
EXW
|
The buyer bears all costs and risks involved in taking the goods from the seller"s premises to the desired destination. The seller"s obligation is to make the goods available at his premises (works, factory, warehouse). This term represents minimum obligation for the seller. This term show the seller’s minimum responsibility. This term can be used across all modes of transport. |
|
FCA
|
|
The seller"s obligation is to hand over the goods, cleared for export, into the charge of the carrier named by the buyer at the named place or point. If no precise point is indicated by the buyer, the seller may choose within the place or range stipulated where the carrier shall take the goods into his charge. When the seller"s assistance is required in making the contract with the carrier the seller may act at the buyers risk and expense. This term can be used across all modes of transport. | |
|
FAS
|
The seller must place the goods alongside the ship at the named port. The buyer will bears all costs and risks after that. The seller must clear the goods for export. Suitable only for maritime transport but NOT for multimodal sea transport in containers (see Incoterms 2010, ICC publication 715). This term is typically used for heavy-lift or bulk cargo. |
|
FOB
|
The seller must load themselves the goods on board the vessel nominated by the buyer. Cost and risk are divided when the goods are actually on board of the vessel (this rule is new!). The seller must clear the goods for export. The buyer must instruct the seller the details of the vessel and the port where the goods are to be loaded, The term is applicable for maritime and inland waterway transport only but NOT for multimodal sea transport in containers (see Incoterms 2010, ICC publication 715). |
|
CFR
|
The seller must pay the costs and freight required in bringing the goods to the named port of destination. The risk of loss or damage is transferred from seller to buyer when the goods pass over the ship"s rail in the port of shipment. The seller is required to clear the goods for export. This term should only be used for sea or inland waterway transport. |
|
CIF
|
The seller has the same obligations as under CFR however he is also required to provide insurance against the buyer"s risk of loss or damage to the goods during transit. The seller is required to clear the goods for export. This term should only be used for sea or inland waterway transport. |
|
CPT |
The seller pays the freight for the carriage of goods to the named destination. The risk of loss or damage to the goods is transferred from the seller to the buyer once the goods has been delivered to the carrier. This term requires the seller to clear the goods for export and can be used across all modes of transport. |
|
CIP |
The seller has the same obligations as under CPT but has the responsibility of obtaining insurance against the buyer"s risk of loss or damage of goods during the carriage. However is only required to obtain insurance on minimum coverage. This term requires the seller to clear the goods for export and can be used across all modes of transport. |
|
DAT
|
Seller delivers when the goods, once unloaded from the arriving means of transport, are placed at the disposal of the buyer at a named terminal at the named port or place of destination. "Terminal" includes quay, warehouse, container yard or road, rail or air terminal. Both parties should agree the terminal and if possible a point within the terminal as this point the risks will transfer from the seller to the buyer of the goods. If it is intended that the seller is to bear all the costs and responsibilities from the terminal to another point, DAP or DDP may apply. This term can be used for all transport modes |
|
DAP
|
Seller delivers the goods when they are placed at the disposal of the buyer on the arriving means of transport, ready for unloading at the named place of destination. Parties are advised to specify as clearly as possible the point within the agreed place of destination, because risks transfer at this point from seller to buyer. If the seller is responsible for clearing the goods, paying duties etc., consideration should be given to using the DDP term. This term can be used across all modes of transport. |
|
DDP
|
The seller is responsible for delivering the goods to the named place in the country of importation, including all costs and risks in bringing the goods to import destination. This includes duties, taxes and customs formalities. This term may be used irrespective of the mode of transport |
