EXW (any type of transport) |
EX WORKS
(...agreed place)
The seller delivers when he places the goods at the disposal of the buyer at the seller’s premises (e.g. in the works, factory, warehouse, etc.). In particular, the seller is not responsible for loading of the goods on any vehicle provided by the buyer or for clearing of the goods for export. |
FCA (any type of transport) |
FREE CARRIER
(...agreed place) 
The seller delivers the goods, cleared for export, to the carrier nominated by the buyer at the agreed place. The chosen place of delivery has an impact on the obligations of loading and unloading the goods at the agreed place. If delivery occurs at the seller’s premises, the seller is responsible for loading. If delivery occurs at any other place, the seller is not responsible for unloading. |
FAS (sea or inland waterway transport) |
FREE ALONGSIDE SHIP
(...agreed port of shipment) 
The seller delivers when the goods are placed alongside the vessel at the agreed port of shipment. The buyer has to bear all costs and risks of loss of or damage to the goods from that moment. The FAS term requires the seller to clear the goods for export. |
FOB (sea or inland waterway transport) |
FREE ON BOARD
(...agreed port of shipment) 
The seller delivers when the goods pass the ship’s rail at the agreed port of shipment. The buyer has to bear all costs and risks of loss of or damage to the goods from that point. The FOB term requires the seller to clear the goods for export.
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CFR (sea or inland waterway transport) |
COST & FREIGHT
(...agreed port of destination)
The seller delivers when the goods pass the ship’s rail in the port of shipment. The seller must pay the costs and freight necessary to bring the goods to the agreed port of destination but the risk of loss of or damage to the goods, as well as any other costs due to events occurring after the time of delivery, are transferred from the seller to the buyer. |
CIF (sea or inland waterway transport) |
COST, INSURANCE & FREIGHT
(...agreed port of destination) 
The seller delivers when the goods pass the ship’s rail in the port of shipment. The seller must pay the costs and freight necessary to bring the goods to the agreed port of destination but the risk of loss of or damage to the goods, as well as any other costs due to events occurring after the time of delivery, are transferred from the seller to the buyer. The seller also has to procure marine insurance against the buyer’s risk of loss of or damage to the goods during carriage. Consequently, the seller contracts for insurance and pays the insurance premium. |
CPT (any type of transport) |
CARRIAGE PAID TO
(...agreed place of destination) 
The seller delivers when the goods are passed to the carrier nominated by him. The seller must pay the costs and freight necessary to bring the goods to the agreed place of destination but the risk of loss of or damage to the goods, as well as any other costs due to events occurring after passing the goods to the carrier, are transferred from the seller to the buyer. |
CIP (any type of transport) |
CARRIAGE & INSURANCE PAID TO
(...agreed place of destination) 
The seller delivers when the goods are passed to the carrier nominated by him. The seller must pay the costs and freight necessary to bring the goods to the agreed place of destination but the risk of loss of or damage to the goods, as well as any other costs due to events occurring after passing the goods to the carrier, are transferred from the seller to the buyer. The seller also has to procure insurance against the buyer’s risk of loss of or damage to the goods during the carriage. Consequently, the seller contracts for insurance and pays the insurance premium. |
DAF (any type of transport) |
DELIVERED AT FRONTIER
(...agreed place) 
The seller delivers when the goods are placed at the disposal of the buyer on the arriving means of transport not unloaded, cleared for export, but not cleared for import at the agreed point and place at the frontier, but before the customs border of the adjoining country. |
DES (sea or inland waterway transport) |
DELIVERED EX SHIP
(...agreed port of destination) 
The seller delivers when the goods are placed at the disposal of the buyer on board the ship not cleared for import at the agreed port of destination. The seller has to bear all the costs and risks involved in bringing the goods to the agreed port of destination before discharging. |
DEQ (sea or inland waterway transport) |
DELIVERED EX QUAY
(...agreed port of destination)
The seller delivers when the goods are placed at the disposal of the buyer not cleared for import on the quay (wharf) at the agreed port of destination. The seller has to bear all the costs and risks involved in bringing the goods to the agreed port of destination and discharging the goods on the quay (wharf). The DEQ term requires the buyer to clear the goods for import and to pay for all formalities, duties, taxes, and any other charges upon import. |
DDU (any type of transport) |
DELIVERED DUTY UNPAID
(...agreed place of destination) 
The seller delivers when the goods are placed at the disposal of the buyer not cleared for import, and not unloaded from any arriving means of transport at the agreed place of destination. The seller has to bear all the costs and risks involved in bringing the goods thereto, other than, where applicable, any “duty” (which term includes the responsibility for and the risks of the carrying out of customs formalities, and the payment of formalities, customs duties, taxes, and other charges) for import in the country of destination. Such “duty” has to be borne by the buyer as well as any costs and risks caused by his failure to clear the goods for import in time. |
DDP (any type of transport) |
DELIVERED DUTY PAID
(...agreed place of destination) 
The seller delivers when the goods are placed at the disposal of the buyer cleared for import, and not unloaded from any arriving means of transport at the agreed place of destination. The seller has to bear all the costs and risks involved in bringing the goods thereto including, where applicable, any “duty” (which term includes the responsibility for and the risks of the carrying out of customs formalities, and the payment of formalities, customs duties, taxes, and other charges) for import in the country of destination. |
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