Incoterms Flashcard Set

Front

What does FCA stand for in Incoterms?

Back

Free Carrier

Front

In FCA, who is responsible for costs and risks up to the delivery point?

Back

The seller

Front

What does EXW stand for in Incoterms?

Back

Ex Works

Front

In EXW, who assumes all costs and risks of transportation?

Back

The buyer

Front

What does CPT stand for in Incoterms?

Back

Carriage Paid To

Front

Under CPT, when does the risk transfer to the buyer?

Back

Once the seller hands the goods over to the carrier

Front

What does DDP stand for in Incoterms?

Back

Delivered Duty Paid

Front

In DDP, who assumes all costs and risks until the goods reach the buyer’s location?

Back

The seller

Front

What does FOB stand for in Incoterms?

Back

Free On Board

Front

In FOB, who assumes all risks and transportation costs once the goods are loaded onto the ship?

Back

The buyer