Incoterms

CFR

Cost and Freight

destination port-paid to arrival at destination port Title, risk and insurance cost pass to buyer when delivered on board the ship by seller who pays the transportation cost to the destination port. Used for sea or inland waterway transportation.


CIF

Cost, Insurance and Freight

destination port-same as CFR, but includes insurance Title and risk pass to buyer when delivered on board the ship by seller who pays transportation and insurance cost to destination port. Used for sea or inland waterway transportation.


CPT

Carriage Paid To

place at destination-includes all destination port charges Title, risk and insurance cost pass to buyer when delivered to carrier or seller who pays transportation and insurance cost to destination. Used for any mode of transportation.


CIP

Carriage and Insurance Paid To

place at destination-same as CPT, but includes insurance Title and risk pass to buyer when delivered to carrier by seller who pays transportation and insurance cost to destination. Used for any mode of transportation.


DAF

Delivered to Frontier

border of country-same as paid by seller to border-all other charges to buyer Title, risk and responsibility for import clearance pass to buyer when delivered to named border point by seller. Used for any mode of transportation.


DES

Delivered Ex Ship

on board ship to destination port Title, risk, responsibility for vessel discharge and import clearance pass to buyer when seller delivers goods on board the ship to destination port. Used for sea or inland waterway transportation.


DEQ

Delivered Ex Quay i.e. Duty Paid

destination port-includes duties and taxes, but not destination charges or delivery Title and risk pass to buyer when delivered on board the ship at the destination point by the seller who delivers goods on dock at destination point cleared for import. Used for sea or inland waterway transportation.


DDU

Delivered Duty Unpaid

consignee door-excluding duties and taxes Title, risk, and responsibility for vessel discharge and import clearance pass to buyer when seller delivers goods on board the ship to destination port. Used for sea or inland waterway transportation.


DDP

Delivered Duty Paid

consignee door-includes all charges origin to destination Title and risk pass to buyer when seller delivers goods to named destination point cleared for import. Used for any mode of transportation.TT


EXW

Ex Works

factory, mill, warehouse: your door Title and risk pass to buyer including payment of all transportation and insurance cost from the seller's door. Used for any mode of transportation.


FCA

Free Carrier

pick a place after your origin to start Title and risk pass to buyer including transportation and insurance cost when the seller delivers goods cleared for export to the carrier. Seller is obligated to load the goods on the Buyer's collecting vehicle; it is the Buyer's obligation to receive the Seller's arriving vehicle unloaded.


FAS

Free Alongside Ship

port, after all origin port charges Title and risk pass to buyer including payment of all transportation and insurance cost once delivered alongside ship by the seller. Used for sea or inland waterway transportation. The export clearance obligation rests with the seller.


FOB

Free On Board

port-same as FAS Risk pass to buyer including payment of all transportation and insurance cost once delivered on board the ship by the seller. Used for sea or inland waterway transportation.