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Incoterms at a Glance General. General definition of responsibilities. >> |
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EXW
- Exworks. Ex works represents minimum obligation of the seller. >> |
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FCA
- Free Carrier. Designed to meet the requirements of multimodal transport, such as container or roll-on, roll-off traffic by trailers and ferries. >> |
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FAS
- Free Alongside Ship. Requires buyer to clear goods for export and pay cost of loading. >> |
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FOB
- Free On Board. Goods are placed on board ship by the seller at a port of shipment named in sales agreement. >> |
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CFR
- Cost and Freight. Requires the seller to pay the costs and freight necessary to bring the goods to the named destination. >> |
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CIF
- Cost, Insurance and Freight. The seller procures transport insurance against the risk of loss or damage to goods. >> |
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CPT
- Carriage Paid To. The seller pays freight for the carriage of goods to named destination. >> |
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CIP
- Carriage and Insurance Paid To. The seller procures transport insurance against the risk of loss or damage to goods during the carriage. >> |
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DAF
- Delivered At Frontier. The seller's obligations are fulfilled when goods have arrived at the frontier but before the customs border of the country named in the sales contract. >> |
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DES
- Delivered Ex Ship. The seller shall make goods available to the buyer on board the ship . >> |
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DEQ
- Delivered Ex Quay. The seller has agreed to make goods available to the buyer on the quay or the wharf at destination. >> |
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DDU
- Delivered Duties Unpaid. The seller bears all costs and risks involved in bringing goods to the point or place of named destination. >> |
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DDP
- Delivered Duties Paid. Represents the seller's maximum obligation. >> |
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INCOTERMS™
The International Chamber of Comerce (ICC) provides a detailed description of commonly used terms of sale. They are provided here for your easy reference. For more information, please refer to incoterms.org. Incoterms is a registred trademark of the International Chamber of Commerce. |
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