Incoterm 2010

EXW FCA FAS FOB CFR CIF CPT CIP DAT DAP DDP

ExportCarriage Unloading Loading Carriage Unloading Loading Carriage Insurance Import Import Customs to port of truck charges (Sea charges in on to place of customs taxes declaration of in port of in port Freight/Air port of truck in destination clearance export export of Freight) to import port of export port of import import Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Seller Seller Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Seller Seller Seller Buyer Buyer Buyer Buyer Buyer Buyer Buyer Seller Seller Seller Seller Buyer Buyer Buyer Buyer Buyer Buyer Seller Seller Seller Seller Seller Seller Buyer Buyer Buyer Buyer Seller Seller Seller Seller Seller Seller Buyer Buyer Seller Buyer Buyer Seller Seller Seller Seller Seller Seller Seller Seller Buyer Buyer Seller Seller Seller Seller Seller Seller Seller Seller Seller Buyer Buyer Seller Seller Seller Seller Seller Seller Seller Seller Seller Buyer Buyer Seller Seller Seller Seller Seller Seller Seller Seller Buyer Buyer Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller

Previous terms from Incoterms 2000 eliminated from Incoterms 2010

DAF Delivered at Frontier (named place of delivery) This term can be used when the goods are transported by rail and road. The seller pays for transportation to the named place of delivery at the frontier. The buyer arranges for customs clearance and pays for transportation from the frontier to his factory. The passing of risk occurs at the frontier. DES Delivered Ex Ship (named port of delivery) Where goods are delivered ex ship, the passing of risk does not occur until the ship has arrived at the named port of destination and the goods made available for unloading to the buyer. The seller pays the same freight and insurance costs as he would under a CIF arrangement. Unlike CFR and CIF terms, the seller has agreed to bear not just cost, but also Risk and Title up to the arrival of the vessel at the named port. Costs for unloading the goods and any duties, taxes, etc are for the Buyer. A commonly used term in shipping bulk commoditie s, such as coal, grain, dry chemicals - - - -and where the seller either owns or has chartered, their own vessel. DEQ Delivered Ex Quay (named port of delivery) This is similar to DES, but the passing of risk does not occur until the goods have been unloaded at the port of destination. DDU Delivered Duty Unpaid (named place of destination) This term means that the seller delivers the goods to the buyer to the named place of destination in the contract of sale. The goods are not cleared for import or unloaded from any form of transport at the place of destination. The buyer is responsible for the costs and risks for the unloading, duty and any subsequent delivery beyond the place of destination. However, if the buyer wishes the seller to bear cost and risks associated with the import clearance, duty, unloading and subsequent delivery beyond the place of destination, then this all needs to be explicitly agreed upon in the contract of sale.

Incoterms 2012
What is? Are a set of three-letter standard trade terms most commonly used in international contracts for the sale of goods. It is essential that you are aware of your terms of trade prior to shipment. EXW EX WORKS ( named place of delivery) The Seller's only responsibility is to make the goods available at the Seller's premises. The Buyer bears full costs and risks of moving the goods from there to destination. FCA FREE CARRIER ( named place of delivery) The Seller delivers the goods, cleared for export, to the carrier selected by the Buyer. The Seller loads the goods if the carrier pickup is at the Seller's premises. From that point, the Buyer bears the costs and risks of moving the goods to destination. CPT CARRIAGE PAID TO ( named place of destination) The Seller pays for moving the goods to destination. From the time the goods are transferred to the first carrier, the Buyer bears the risks of loss or damage. CIP CARRIAGE AND INSURANCE PAID TO ( named place of destination) The Seller pays for moving the goods to destination. From the time the goods are transferred to the first carrier, the Buyer bears the risks of loss or damage. The Seller, however, purchases the cargo insurance. DAT DELIVERED AT TERMINAL ( named terminal at port or place of destination) The Seller delivers when the goods, once unloaded from the arriving means of transport, are placed at the Buyer's disposal at a named terminal at the named port or place of destination. "Terminal" includes any place, whether covered or not, such as a quay, warehouse, container yard or road, rail or air cargo terminal. The Seller bears all risks involved in bringing the goods to and unloading them at the terminal at the named port or place of destination. DAP DELIVERED AT PLACE ( named place of destination) The Seller delivers when the goods are placed at the Buyer's disposal on the arriving means of transport ready for unloading at the names place of destination. The Seller bears all risks involved in bringing the goods to the named place. DDP DELIVERED DUTY PAID ( named place) The Seller delivers the goods -cleared for import to the Buyer at destination. The Seller bears all costs and risks of moving the goods to destination, including the payment of Customs duties and taxes. FAS FREE ALONGSIDE SHIP ( named port of shipment) The Seller delivers the goods to the origin port. From that point, the Buyer bears all costs and risks of loss or damage. FOB FREE ON BOARD ( named port of shipment) The Seller delivers the goods on board the ship and clears the goods for export. From that point, the Buyer bears all costs and risks of loss or damage. CFR COST AND FREIGHT ( named port of destination) The Seller clears the goods for export and pays the costs of moving the goods to destination. The Buyer bears all risks of loss or damage. CIF COST INSURANCE AND FREIGHT ( named port of destination) The Seller clears the goods for export and pays the costs of moving the goods to the port of destination. The Buyer bears all risks of loss or damage. The Seller, however, purchases the cargo insurance.

1990 International Incoterms "A total of thirteen trade terms, the main points are as follows:
1) Ex works (EXW) The term English as "EXWorks (... namedplace)", the "ex (...... designated place)." It means that the seller bears the workshop in its location, factories, warehouses, delivery of goods to be available to the buyer's responsibility, but usually not responsible for loading the goods on the buyer or the goods vehicle clearance. The location of the buyer from the seller the goods to the intended destination of all costs and risks. 2) Free Carrier (FCA) The term English as "FreeCarrier (... namedplace)", or "cargo to the carrier (...... designated place)." It means that the seller shall be responsible for the transfer of goods, for the exit after the delivery to the buyer's designated location into the care of the designated carrier. According to business practices, when the seller be required to sign a contract with the carrier through collaboration, in the buyer's risk and cost, the seller can do the same. The term applies to any mode of transport. 3) Free Alongside Ship (FAS) The term English as "FreeAlongsideship (... namedportofshipment)" or "Free Alongside Ship (...... named port of shipment)." It means that the seller named port of shipment on the dock or barge to the side of the boat to bring the goods from that time on the goods the buyer has to bear the full loss of or damage to the costs and risks, while the buyer must apply for customs clearance procedures. The term for sea or inland waterway transport. 4) FOB (FOB) The term English as "FreeonBoaro (... namedportofshipment)", or "FOB (...... named port of shipment)." It means that the seller named port of shipment after the goods back across the side of the ship delivery, ship the goods after the buyer had to bear the full cost of the goods, the risk of loss or damage, the other requires the seller of goods customs clearance procedures. The term for sea or inland waterway transport. 5) Cost and Freight (CFR or c & F) The term English as "CostandFreight (namedportofshipment)", or "cost and freight (...... named port of destination)." It means that the seller must pay the goods to the named port of destination, and freight expenses required, but the goods to the ship deck, the cargo the risk of loss or damage and the accident occurred due to additional expenditure in the goods pass the designated port side of the ship, you pay the seller to a buyer. Also requires the seller of goods customs clearance procedures. The term for sea or inland waterway transport. 6) Cost, Insurance and Freight (CIF) The term English as "Cost, InsuranceandFreight (... namedportofshipment)", or "cost, insurance and freight (...... named port of destination)." In addition it means that the seller bears the "cost and freight," the same term obligations, the seller must handle the goods in transit shall be the buyer purchased the goods were lost or damaged in the marine insurance and pay premiums. The term for sea or inland waterway transport. 7) Carriage Paid to (CPT) The term English as "CarriagePaidto): tidto (... namedplaceofdestination)", or "freight paid to (...... named place of destination)." This term means the seller of goods to the named destination. Loss of or damage to the goods and the goods to the risk of an event occurring after the carrier for any additional costs arising from the care of the goods have been delivered to the carrier from the time of transfer from the seller by the buyer. In addition, the seller must apply for clearance of export goods. The term applies to the mode of transport, including multimodal transport. 8) freight and insurance paid to (CIP) The term English as "CarriageandInsurancePaidto (... namedplaceofdestination)", or "freight and insurance paid to (...... specified destination)." In addition it means that the seller bears the "freight paid to (...... named place of destination)" the same term obligations, the seller must handle the goods in transit of goods by the buyer to bear the risk of loss of or damage to the marine insurance and pay premiums. The term applies to any mode of transport. 9) delivery at the frontier (DAF) of the term English as "DeliveredatFrontier (... namedplace)", or "border delivery (...... named place)." It means that the seller assumes the following obligations, to prepare the goods to the designated location on the border, customs clearance for exports of goods in the customs territory of neighboring countries before the delivery, the term is mainly applied by rail or road transport of goods, but also can be used for other modes of transport. 10) FOB the port of destination (DES) the term English as "DeliveredExShip (... namedportofdestination)", or "(...... FOB the port of destination named port of destination)." It means the seller to perform the following duties, the goods available in the deck of the ship named port of destination is not the goods for import customs clearance case, the buyer, so the seller has to bear, including goods to the named port of destination, all costs and risks. This term is only for sea or inland waterway

transport. 11) the port quay (DEQ) the term English as: "DeliveredExQuay (DutyPaid )(... namedportofdestination)", or "delivery Quay (duty paid )(...... named port of destination). " This term means that the seller perform the following obligations, to the prepared goods to the port named port of destination, customs clearance for import after the delivery to the buyer, and seller has to bear all the risks and costs, including Guan Rui, taxes and other deliveries costs arise. The term for sea or inland waterway transport. 12) Delivered Duty Unpaid (DDU) of the terms of the English as "DeliveredDutyUnpaid (... namedplaceofdestination)", or "Delivered duty unpaid (...... named place of destination)." It refers to a prepared seller of goods, the location specified in the delivery of the importing country, and to bear the goods to the designated location for all costs and risks (not including customs duties, import taxes and other official expenses shall be paid), and to bear the costs of customs formalities and risks. Buyer shall be liable for failure to handle the customs clearance of imports of goods and the additional costs and risks. The term applies to all modes of transport. 13) Delivered Duty Paid (DDP) of the term English as "DeliveredDutyPaid (... namedplaceofdestination)", or "Delivered duty paid (...... specified destination)." It means that the seller of goods to the prepared place named in the importing country, and take the goods to the designated location for all costs and risks, and for import clearance. The term applicable to all modes of transport.