Inco Terms

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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. 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 but also purchases cargo insurance. Once transferred to the first carrier, the Buyer bears risks of loss or damage.

  • DAT - DELIVERED AT TERMINAL (...named terminal)

    The Seller delivers when goods, once unloaded from the arriving transport, are placed at the Buyer’s disposal at the named terminal.

  • DAP - DELIVERED AT PLACE (...named place of destination)

    The Seller delivers when goods are placed at the Buyer’s disposal, ready for unloading. The Seller bears all risks in bringing goods to destination.

  • DDP - DELIVERED DUTY PAID (...named place)

    The Seller delivers cleared goods to the Buyer at destination and bears all costs and risks, including customs duties and taxes.

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 them for export. From that point, the Buyer bears all costs and risks.

  • CFR - COST AND FREIGHT (...named port of destination)

    The Seller clears the goods for export and pays the transport cost to the destination port. The Buyer bears the risks of loss or damage.

  • CIF - COST INSURANCE AND FREIGHT (...named port of destination)

    The Seller clears and pays transport costs to the destination, including insurance. The Buyer bears the risks of loss or damage after shipment.