INTERNATIONAL COMMERCIAL TERMS


Incoterms rules or International Commercial Terms

• EXW   –   Ex Works (named place)

• FCA     –   Carrier (named place of delivery)

• FAS     –   Free Alongside Ship (named port of shipment)

• FOB    –   Free on Board (named port of shipment)

• CPT    –   Carriage Paid To (named place of destination)

• CFR    –   Cost and Freight (named port of destination)

• CIF     –   Cost, Insurance and Freight (named port of destination)

• CIP     –   Carriage and Insurance Paid to (named place of destination)

• DAT    –   Delivered at Terminal (named terminal at port or place of destination)

• DAP   –   Delivered at Place (named place of destination)

• DDP   –   Delivered Duty Paid (named place of destination)


Allocations of Costs to Buyer/Seller According to INCO Terms 2010
INCO
Terms
2010
Export
customs
declaration
Carriage
to port
of export
Unloading
of truck in
port of export
Loading on
vessel on port
of export
Carriage
(Sea/Air) to
port of import
Insurance Unloading
in port of
import
Loading on
truck in port
of import
Carriage
to place of
destination
Import
customs
clearamce
Import
taxes
EXW BUYER BUYER BUYER BUYER BUYER BUYER BUYER BUYER BUYER BUYER BUYER
FCA SELLER SELLER BUYER BUYER BUYER BUYER BUYER BUYER BUYER BUYER BUYER
FAS SELLER SELLER SELLER BUYER BUYER BUYER BUYER BUYER BUYER BUYER BUYER
FOB SELLER SELLER SELLER SELLER BUYER BUYER BUYER BUYER BUYER BUYER BUYER
CPT SELLER SELLER SELLER SELLER BUYER BUYER BUYER BUYER BUYER BUYER BUYER
CFR
(CNF)
SELLER SELLER SELLER SELLER SELLER BUYER BUYER BUYER BUYER BUYER BUYER
CIF SELLER SELLER SELLER SELLER SELLER BUYER/SELLER BUYER/SELLER BUYER BUYER BUYER BUYER
CIP SELLER SELLER SELLER SELLER SELLER SELLER BUYER BUYER BUYER BUYER BUYER
DAT SELLER SELLER SELLER SELLER SELLER SELLER SELLER BUYER BUYER BUYER BUYER
DAP SELLER SELLER SELLER SELLER SELLER SELLER SELLER SELLER SELLER BUYER BUYER
DDP SELLER SELLER SELLER SELLER SELLER SELLER SELLER SELLER SELLER SELLER SELLER
NOT INCLUDING
VAT/FAT