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