INCOTERMS for any mode of transportation
EXW: Ex Works, goods ready for collection at his premises (factory, warehouse)
FCA: Free Carrier, the seller hands over the goods, cleared for export, into the disposal of the first carrier (named by the buyer) at the named place. The seller pays for carriage to the named point of delivery.
CPT: Carriage Paid To, the seller pay for the carriage till the first carrier
CIP: Carriage and Insurance Paid to, idem CPT, Seller pays for carriage and insurance to the named destination point.
DAT: Delivered At Terminal, Seller pays for carriage to the terminal, except for costs related to import clearance.
DAP: Delivered At Place, carriage to the terminal and risks assumed by seller except costs related to clearance.
DDP: Delivered Duty Paid, goods delivered in the final destination, including import duties and taxes.
INCOTERMS Sea and Inland Waterway Transport
FAS: Free Alongside Ship, goods alongside the ship at the named port
FOB: Free On Board, goods on board the vessel nominated by the buyer
CFR: Cost and Freight, costs and freight to bring the goods to the port of destination paid by seller. Risks transferred to buyer once goods on vessel.
CIF: Cost, Insurance and Freight, costs and freight to bring the goods to the port of destination paid by seller who must in addition procure and pay for the insurance.
Important: mention the Incoterm version you will use (changes are made each year) and specify the delivery address.
- EXW 2312 5th avenue 120320 New York NYC USA Incoterms ICC 2010
- FOB Port of Barcelona-Spain Incoterms ICC 2010