37 lines
1.4 KiB
Markdown
37 lines
1.4 KiB
Markdown
Incoterms published by the International Chamber of Commerce (ICC)
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## DDP - Delivered Duty Paid
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Seller does EVERYTHING — shipping, customs, taxes, import duties.
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Buyer just receives the goods at their door.
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## EXW - Ex Works
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The buyer does almost everything. Seller just makes the goods available at the warehouse. Loading, transport, export are all paid for and arranged by the buyer.
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## CIF - Cost Insurance and Freight
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Same as CFR **but seller also pays for insurance**.
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> *Seller pays for shipping **up to the destination port**,*
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*BUT risk transfers **when the goods are loaded onto the ship**.*
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## CPT - Carriage Paid To
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Seller pays transport **to an agreed destination**,
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BUT buyer takes risk once goods are handed to first carrier.
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## CIP - Carriage and Insurance Paid To
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Same as CPT but **seller also pays insurance**.
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## FOB - Free On Board
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Seller loads goods _onto the ship_.
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After it’s on board → **buyer takes responsibility**.
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## FAS - Free Alongside Ship
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Seller brings goods **to the port** and places them _next to the ship_.
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Buyer handles loading + everything after.
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## FCA - Free Carrier
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Seller delivers goods to a carrier chosen by the _buyer_ at an agreed place.
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From there on, the buyer pays and is responsible.
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## CFR - Cost and Freight
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Seller pays for shipping **up to the destination port**,
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BUT risk transfers **when the goods are loaded onto the ship**.
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![[Incoterms-2025.png]] |