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EXW - Ex Works
Title and risk pass to buyer including payment of all transportation and
insurance costs from the seller's door. Used for any mode of
transportation.
FCA - Free Carrier
Title and risk pass to buyer including payment of all transportation and
insurance costs 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
Title and risk pass to buyer including payment of all transportation and
insurance costs once delivered on alongside ship by the Seller. Used for
sea or inland waterway transportation. The export clearance obligation
rests with the Seller.
FOB - Free On Board
Title and risk pass to buyer including payment of all transportation and
insurance costs once delivered onboard the ship by the Seller. Used for sea
or inland waterway transportation.
CFR - Cost and Freight
Title, risk and insurance costs pass to Buyer when delivered onboard ship by
Seller who pays the transportation costs to the destination port. Used for
sea or inland waterway transportation.
CIF - Cost, Insurance and Freight
Title and risk pass to Buyer when delivered onboard ship by Seller who pays
transportation and insurance costs to destination port. Used for sea or
inland waterway transportation.
CPT - Carriage Paid To
Title, risk and insurance costs pass to Buyer when delivered to carrier by
Seller who pays transportation costs to destination. Used for any mode of
transportation.
CIP - Carriage and Insurance Paid To
Title and risk pass to Buyer when delivered to carrier by Seller who pays
transportation and insurance costs to destination. Used for any mode of
transportation.
DAF - Delivered at Frontier
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
Title, risk, responsibility for vessel discharge and import clearance pass
to Buyer when Seller delivers goods onboard the ship to destination port.
Used for sea or inland waterway transportation.
DEQ - Delivered EX Quay (Duty Paid)
Title and risk pass to Buyer when delivered onboard 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
Title, risk and responsibility of import clearance pass to Buyer when Seller
delivers goods to named destination point. Used for any mode of
transportation.
DDP- Delivered Duty Paid
Title and risk pass to Buyer when Seller delivers goods to named destination
point cleared for import. Used for any mode of transportation.