INCOTERMS AND OBLIGATIONS

The terms of international trade

Incoterms determine the mutual obligations of sellers and buyers under the terms of international selling and buying contracts.

image-incoterm

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This text is taken from publication N°715, 2010 Incoterms. The publication, details of the ICC and its web site www.iccwbo.org are protected by copyright. The word “Incoterms” is a trademark of the ICC. The 2010 Incoterms are an update of the rules applying to the interpretation of the trading terms created by the ICC in 1936.

EXWFCACPTCIPDATDAPDDPFASFOBCFRCIF
Packaging
Load (truck, wagon)
Stuffing (containers) in the works or the departure warehouse
Carriage to the port, the airport,
the consolidation platform or the departure terminal
Export customs formalities
Passage through the port, the airport,
the consolidation platform or the departure terminal
Main transport
Transport insurance
Passage through the port, the airport,
the distribution platform or the arrival terminal
Import customs formalities, rights and duty
Carriage to the destination plant or warehouse

 Costs paid by the seller

Costs paid by the buyer

 Costs paid by the buyer and/or the seller (for deliveries in the EU)

EXW Ex Works

Ex Works… (agreed point of delivery)

FCA Free Carrier

Free Carrier… (agreed point of delivery)

FAS Free Alongside Ship

Free Alongside Ship… (agreed port of departure)

FOB Free On Board

Free On Board… (agreed port of departure)

CIF Cost, Insurance and Freight

Cost, insurance and freight (agreed port of destination)

CFR Cost and Freight

Cost and Freight (agreed port of destination)

DAT Delivered At Terminal

Delivered At Terminal (agreed terminal in the port or point of destination)

CPT Carriage Paid To

Carriage Paid To (agreed point of destination)

CIP Carriage and Insurance Paid To

Carriage and Insurance Paid To (agreed point of destination)

DAP Delivered At Place

Delivered At Place (agreed point of destination)

DDP Delivered Duty Paid

Delivered Duty Paid (agreed point of destination)