| Term | Stands for | Definition |
| EXW | Ex
Works | The
seller delivers when he places the goods at the disposal of the buyer at the seller's
premises or another named place not cleared for export and not loaded on any collecting
vehicle. |
| FCA | Free
Carrier | The
seller delivers the goods, cleared for export, to the carrier nominated by the
buyer at the named place. |
| FAS | Free
Alongside Ship | The
seller delivers when the goods are placed alongside the vessel at the named port
of shipment. |
| FOB | Free
on Board | The
seller delivers when the goods pass the ship's rail at the named port of shipment. |
| CFR | Cost
and Freight | The
seller delivers when the goods pass the ship's rail in the port of shipment.
The seller must pay the costs and freight necessary to bring the goods to the
named port of destination, but the risk of loss of or damage to the goods, as
well as any additional costs due to events occurring after the time of delivery,
are transferred from the seller to the buyer. |
| CIF | Cost,
Insurance and Freight | The
seller delivers when the goods pass the ship's rail in the port of shipment.
The seller must pay the costs and freight necessary to bring the goods to the
named port of destination, but the risk of loss of or damage to the goods, as
well as any additional costs due to events occurring after the time of delivery,
are transferred from the seller to the buyer. However, the seller also has
to procure marine insurance against the buyer's risk of loss of or damage to the
goods during the carriage. |
| CPT | Carriage
Paid To | The
seller delivers the goods to the carrier nominated by him but the seller must
in addition pay the cost of carriage necessary to bring the goods to the named
destination. The buyer bears all risks and any additional costs occurring
after the goods have been so delivered. |
| CIP | Carriage
and Insurance Paid To | The
seller delivers the goods to the carrier nominated by him, but the seller must
in addition pay the cost of carriage necessary to bring the goods to the named
destination. The buyer bears all risks and any additional costs occurring
after the goods have been so delivered. The seller also has to procure insurance
against the buyer's risk of loss of or damage to the goods during the carriage. |
| DAF | Delivered
at Frontier | The
seller delivers when the goods are placed at the disposal of the buyer on the
arriving means of transport not unloaded, cleared for export, but not cleared
for import at the named point and place at the frontier, but before the customs
border of the adjoining country. |
| DES | Delivered
Ex Ship | The
seller delivers when the goods are placed at the disposal of the buyer on board
the ship not cleared for import at the named port of destination. The seller
has to bear all the costs and risks involved in bringing the goods to the named
port of destination before discharging. |
| DEQ | Delivered
Ex Quay | The
seller delivers when the goods are placed at the disposal of the buyer not cleared
for import on the quay (wharf) at the named port of destination. The seller
has to bear costs and risks involved in bringing the goods to the named port of
destination and discharging the goods on the quay (wharf). The DEQ term
requires the buyer clear the goods for import and to pay for all formalities,
duties, taxes and other charges upon import. |
| DDU | Delivered
Duty Unpaid | The
seller delivers the goods to the buyer, not cleared for import, and not unloaded
from any arriving means of transport at the named place of destination.
The seller has to bear the costs and risks involved in bringing the goods thereto,
other than, where applicable, any "duty" (which term includes the responsibility
for and the risks of the carrying out of customs formalities, and the payment
of formalities, customs duties, taxes and other charges) for import in the country
of destination. Such "duty" has to be borne by the buyer as well as any
costs and risks caused by his failure to clear the goods for import in time. |
| DDP | Delivered
Duty Paid | The
seller delivers the goods to the buyer, cleared for import, and not unloaded from
any arriving means of transport at the named place of destination. The seller
has to bear all the costs and risks involved in bringing the goods thereto including,
where applicable, any "duty" (which term includes the responsibility for and the
risks of the carrying out of customs formalitites and the payment of formalities,
customs duties, taxes and other charges) for import in the country of destination. |
