|
CFR |
Cost and
Freight* |
As for CIF
except that the cost of insurance is covered by the
buyer. |
|
CIF |
Cost,
Insurance and Freight* |
Cost of
goods plus insurance and freight, duty unpaid, to a
named port of destination. Sea or inland waterway
transport only. |
|
CIP |
Carriage and
Insurance Paid To |
Costs of
carriage and insurance of the goods, duty unpaid to the
named destination. Applies to all modes of transport.
|
|
CPT |
Carriage
Paid To |
As for CIP,
except the cost of insurance is carried by the buyer.
|
|
DAF |
Delivered At
Frontier |
Costs of
delivery, duty unpaid at the named point and place at
the frontier. Applies to all modes of transport.
|
|
DDP |
Delivered
Duty Paid |
Delivered
Duty Paid - Delivery takes place on the premises of the
buyer where the arriving vehicle cargos are discharged
from the vehicle.
If delivery takes
place elsewhere, delivery is completed by loading the
cargo onto the vehicle sent by the buyer to collect the
goods. |
|
DDU |
Delivered
Duty Unpaid |
Delivered
Duty Unpaid - Delivery takes place on the premises of
the buyer, still loaded on the arriving vehicle.
If delivery takes
place elsewhere, delivery is completed by loading the
cargo onto the vehicle sent by the buyer to collect the
goods. |
|
DEQ |
Delivered Ex
Quay* |
Delivered Ex
Quay - The obligation for customs clearance and payment
of of import duties will change from the seller/exporter
to the buyer/importer at the named port of destination. |
|
DES |
Delivered Ex
Ship* |
Costs of
delivery on board the vessel, duty unpaid, at the named
port of destination. Sea or inland waterway transport
only. |
|
EXW |
Ex Works |
Ex Works -
The responsibility for loading cargo onto a collecting
vehicle at the sellers/exporters premises is no longer
the obligation of the seller/exporter. The buyer is now
responsible.
If there is more than
one loading area at the sellers premises the seller has
the option to designate any one of them for loading. |
|
FCA |
Free Carrier |
Free Carrier
- This defines two possibilities.
1. Delivery to the
carrier at the premises of the seller, when the latter
is under the obligation to load the cargo onto the
vehicle of the carrier.
2. Delivery to the
carrier at any other point such as a terminal,
quay...etc, where the carrier on behalf of the buyer is
responsible for discharging the shipment from the
vehicle sent by the seller. |
|
FAS |
Free
Alongside Ship* |
Free
Alongside Ship - The obligation of customs entry and
obtaining an export license will change from the
buyer/importer to the seller/exporter at the named port
of sailing. |
|
FOB |
Free On
Board* |
All costs up
to delivery over the ships rail at the named port of
shipment. Sea or inland waterway transport only. |
