INCOTERMS

Seller pays for carriage and insurance to the named destination point, but risk passes when the goods are handed over to the first carrier.

• Carriage Paid To (named place of destination)

• Delivered Duty Paid (named destination place)

• Carriage and Insurance Paid (To) (named place of destination)

• Cost, Insurance and Freight (named destination port)

The seller makes the goods available at his premises. The buyer is responsible for all charges. This trade term places the greatest responsibility on the buyer and minimum obligations on the seller. The Ex Works term is often used when making an initial quotation for the sale of goods without any costs included.

• Free Carrier (named places)

• Ex Works (named place)

• Delivered Ex Quay (named port)

• Free on board (named loading port)

When the goods are transported by rail and road. The seller pays for transportation to the named place of delivery at the frontier. The buyer arranges for customs clearance and pays for transportation from the frontier to his factory. The passing of risk occurs at the frontier.

• Delivered At Frontier (Deliveplace)

• Delivered Duty Paid (named destination place)

The seller pays for all transportation costs and bears all risk until the goods have been delivered and pays the duty.

• Delivered Duty Paid (named destination place)

• Delivered Ex Quay (named port)

The seller delivers the goods to the buyer to the named place of destination in the contract of sale. The goods are not cleared for import or unloaded from any form of transport at the place of destination. The buyer is responsible for the costs and risks for the unloading, duty and any subsequent delivery beyond the place of destination.

• Delivered Duty Paid (named destination place)

• Delivered Duty Unpaid (named destination place)

• Delivered Ex Quay (named port)

The passing of risk does not occur until the goods have been unloaded at the port of destination. Similar to DES

• Delivered Ex Ship (named port)

• Delivered Duty Paid (named destination place)

• Delivered Ex Quay (named port)

The seller pays for carriage to the named point of destination, but risk passes when the goods are handed over to the first carrier.

• Delivered At Frontier (Deliveplace)

• Carriage Paid To (named place of destination)

The passing of risk does not occur until the ship has arrived at the named port of destination and the goods made available for unloading to the buyer. The seller pays the same freight and insurance costs as he would under a CIF arrangement.

• Free Carrier (named places)

• Free Alongside Ship (named loading port)

• Delivered Ex Ship (named port)

The seller must place the goods alongside the ship at the named port. The seller must clear the goods for export. Suitable only for maritime transport only, but NOT for multimodal sea transport in containers.

• Free Alongside Ship (named loading port)

• Free Carrier (named places)

• Commercial Invoice

• Airway Bill

The seller hands over the goods, cleared for export, into the custody of the first carrier (named by the buyer) at the named place. This term is suitable for all modes of transport, including carriage by air, rail, road, and containerized / multi-modal sea transport.

• Ex Works (named place)

• Free Carrier (named places)

• Free on board (named loading port)