INCOTERMS®

Seller Terminal
Customs Customs
Terminal Buyer

Delivery terms

EXW - Ex Works... Risk Insurance to be covered by the buyer.

(named place) Costs The buyer bears the risk during the
Documents whole transport.
The buyer is at risk when the goods have been placed at his disposal at agreed time and place.

FCA - Free Carrier… Risk

Specify named point
Insurance to be covered by the buyer
(named place) Costs (the seller up to the named point).
Documents
The buyer is at risk when the goods have been delivered to the first carrier or terminal at agreed time and place.

FAS (only by sea) Risk Insurance to be covered by the buyer

Free alongside ship… Costs (the seller up to alongside the ship).
(named port of shipment) Documents
The buyer is at risk when the goods have been delivered alongside the ship at the port of shipment.

FOB (only by sea) Risk Insurance to be covered by the buyer

Free on board... Costs (the seller up to delivered onboard the
(named port of shipment) Documents ship)
The buyer is at risk when the goods have been delivered onboard the ship at the port of shipment.

CFR (only by sea) Risk Insurance to be covered by the buyer

Cost and freight... Costs (the seller up to delivered onboard the
(named port of destination) Documents ship).
The buyer is at risk when the goods have been delivered onboard the ship at the port of shipment.
Insurance must be covered by the seller
CIF (only by sea)
Risk (in favour of the buyer) to the port of
Cost, insurance and freight...
Costs destination complying with at least Inst­
(named port of destination) Documents itute Cargo Clauses (C) or similar claus­
The buyer is at risk when the goods have been delivered onboard the ship at the port of shipment. es (further transports by the buyer).

CPT - Carriage paid to... Risk Insurance to be covered by the buyer.

(named place of destination) Costs (the seller to first carrier).
Documents
The buyer is at risk when the goods have been delivered to the first carrier.
Insurance must be covered by the seller
CIP - Carriage and Risk (in favour of the buyer) to the place of
insurance paid to... Costs destination complying with Institute
(named place of destination) Documents Cargo Clauses (A) or similar clauses
The buyer is at risk when the goods have been delivered to the first carrier. (further transports by the buyer).

DAP
Risk Insurance to be covered by the seller to
Delivered at place...
Costs the place of destination (further trans­
(named place of destination) Documents ports by the buyer).
The buyer is at risk when the goods have been placed at his disposal at agreed place of destination ready for unloading.

DPU
Risk
Specify named point
Insurance to be covered by the seller
Costs until the goods have been unloaded.
Delivered at place unloaded...
Documents
(named place of destination) The buyer is at risk when the goods have been unloaded at the agreed place of destination.

Risk Insurance to be covered by the seller.

DDP - Delivered duty paid... Costs The seller bears the risk during the
(named place of destination) Documents whole transport.
The buyer is at risk when the goods have been placed at his disposal at agreed place of destination cleared for import and with duties paid ready for unloading.

Seller’s duties As agreed Buyer’s duties

= The goods