International Commercial Terms

Incoterms Rules or International Commercial Terms

  • EXWEx Works (named place)
  • FCACarrier (named place of delivery)
  • FASFree Alongside Ship (named port of shipment)
  • FOBFree on Board (named port of shipment)
  • CPTCarriage Paid To (named place of destination)
  • CFRCost and Freight (named port of destination)
  • CIFCost, Insurance and Freight (named port 
of destination)
  • CIPCarriage and Insurance Paid to (named place of destination)
  • DATDelivered at Terminal (named terminal at port or place of destination)
  • DAPDelivered at Place (named place 
of destination)
  • DDPDelivered Duty Paid (named place 
of destination)

Incoterms Rules or International Commercial Terms

  • EXWEx Works (named place)
  • FCACarrier (named place of delivery)
  • FASFree Alongside Ship (named port of shipment)
  • FOBFree on Board (named port of shipment)
  • CPTCarriage Paid To (named place of destination)
  • CFRCost and Freight (named port of destination)
  • CIFCost, Insurance and Freight (named port 
of destination)
  • CIPCarriage and Insurance Paid to (named place of destination)
  • DATDelivered at Terminal (named terminal at port or place of destination)
  • DAPDelivered at Place (named place 
of destination)
  • DDPDelivered 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 point 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 clearance 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 SELLER 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)