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 |