INCOTERMS


Incoterms — are the international rules, which are recognized by government bodies, law firms and commercial interests all around the world as an interpretation of the most applicable terms in the international trade.

These terms can be divided into 4 categories:

Category E — Departure Location;
EXW. Ex Works (indicated place): the product from a warehouse facility of salesman.

Category F — Main Carriage Unpaid:
FCA. Free Carrier (indicated place): the product will be delivered to the shipping forwarder.
FAS. Free Alongside Ship (indicated port of loading): the product will be delivered to the ship.
FOB. Free On Board (indicated port of loading): the product will be delivered on the board of a ship.

Category C — Main Carriage Paid:
CFR. Cost and Freight (indicated port of destination): the product will be delivered at a port (without unloading).
CIF. Cost, Insurance and Freight (indicated port of destination): the product will be insured and delivered at a port (without unloading).
CPT. Carriage Paid To (indicated place of destination): the product will be delivered at the indicated destination and given to a shipping forwarder.
CIP. Carriage and Insurance Paid to (indicated place of destination): the product will be insured and delivered to a shipping forwarder in the indicated destination.

Category D — Arrival:
DAP (Delivered at Place)
DAT (Delivered at Terminal)
DDP. Delivered Duty Paid

Additional information