Incoterms (International commerce terms) — are an internationally recognized standard glossary identifying unambiguous meaning of the most used terms of trade, first of all defining franco responsibility transition from the seller to the customer. Incoterms are standard terms of international selling and buying terms defined by default in an internationally recognized document.
Each term is defined by three-letter trade term related to the obligations transition from the seller to the buyer.
- E — named place of loading (Departure). EXW…
- F — free at terminals of the basic shipment, main carriage unpaid. FCA, FAS, FOB…
- C — at the terminals of main carriage destination, main carriage paid. CIP, CPT, CFR…
- D — at the consignee, arrival. DDU, DDP, DAP…
Group E |
EXW |
any type of transport |
EX Works (... named place) |
Group F |
FCA |
any type of transport |
Free Carrier (...named place) |
FAS |
maritime and inland waterway transport only |
Free Alongside Ship(...named port of shipment) |
|
FOB |
maritime and inland waterway transport only |
Free On Board (... named port of shipment) |
|
Group C |
CFR |
maritime and inland waterway transport only |
Cost and Freight (... name port of destination) |
CIF |
maritime and inland waterway transport only |
Cost, Insurance and Freight (... named port of destination) |
|
CIP |
any type of transport |
Carriage and Insurance Paid Тo (... named place of destination) |
|
CPT |
any type of transport |
Carriage Paid To (... named place of destination) |
|
Group D |
DAT |
any type of transport |
new!!! |
DAP |
any type of transport |
new!!! |
|
DDP |
any type of transport |
Delivered Duty Paid (... named place of destination) |
|
DDU |
any type of transport |
Excluded from the Incoterms 2010 |
|
DAF |
any type of transport |
Excluded from the Incoterms 2010 |
|
DEQ |
maritime and inland waterway transport only |
Excluded from the Incoterms 2010 |
|
DES |
maritime and inland waterway transport only |
Excluded from the Incoterms 2010 |