|Incoterms at a Glance
General definition of responsibilities. >>
Ex works represents minimum obligation of the seller. >>
- Free Carrier.
Designed to meet the requirements of multimodal transport, such as container or roll-on, roll-off traffic by trailers and ferries. >>
- Free Alongside Ship.
Requires buyer to clear goods for export and pay cost of loading. >>
- Free On Board.
Goods are placed on board ship by the seller at a port of shipment named in sales agreement. >>
- Cost and Freight.
Requires the seller to pay the costs and freight necessary to bring the goods to the named destination. >>
- Cost, Insurance and Freight.
The seller procures transport insurance against the risk of loss or damage to goods. >>
- Carriage Paid To.
The seller pays freight for the carriage of goods to named destination. >>
- Carriage and Insurance Paid To.
The seller procures transport insurance against the risk of loss or damage to goods during the carriage. >>
- 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. >>
- Delivered Ex Ship.
The seller shall make goods available to the buyer on board the ship . >>
- Delivered Ex Quay.
The seller has agreed to make goods available to the buyer on the quay or the wharf at destination. >>
- Delivered Duties Unpaid.
The seller bears all costs and risks involved in bringing goods to the point or place of named destination. >>
- Delivered Duties Paid.
Represents the seller's maximum obligation. >>
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.