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Inco Terms

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Inco Terms

EXV
EX WORKS ( EXW)

Ex works means that the seller’s only responsibility is to make the goods available at his premises .Apply only at the point of origin, and the seller agrees to place the goods at the disposal of the seller ( exports) makes the goods available to the buyer (importer) at the seller’s premises.

FAS
FREE ALONGSIDE SHIP (FAS)

Under this term the seller’s obligators are fulfilled when the goods have been placed alongside the exporter quotes a price for the goods, including charges for delivery of the goods alongside a the seller transports the goods from his place of business , clears the goods for export and places

FCA
FREE CARRIER (FCA)

This term meets the requirements of modern transport, particularly, such “multimodal” transport as Applies only at a designated inland shipping point. The seller is responsible for loading goods into the The seller ( exporter ) clears the goods for export and delivers them to the carrier and place specified

FOB
FREE ON BOARD (FOB)

Under this term, goods are places on board a ship by the seller at a port of shipment named in The seller quotes a price covering all expenses up to and including delivery of goods onto an The seller ( exporter) is responsible for delivering the goods from his place of business and loading

FOB AIRPORT
FOB AIRPORT

This term is very similar to the FOB term, The seller fulfils his obligation by delivering the goods to

FOR OR FOT
FREE ON RAIL (FOR) or FREE ON TRUCK (FOT)

“F.O.R” and “F.O.T” mean “free on rail” or “free on truck” . Both refer to goods being carried by rail

CFR OR C&F
COST AND FRIEGHT (CFR OR C&F)

This term requires the seller to pay the costs and freight necessary to bring the goods to the named .The seller quotes a price for the goods, including the cost of transportation to the named port of The seller ( exporter) is responsible for cleaning the goods for export , delivering the goods past the

CIP
CARRIAGE PAID TO …(CPT)

Seller pays freight for carriage of goods to the named destination . Risk of loss or damage , plus any The seller (exporter) clears the goods for export , delivers them to the carrier and is responsible for

DAF
DELIVERED EX SHIP (DES)

Seller has goods available to the buyer aboard ship, uncleared for import at destination port. Seller The seller ( exporter) is responsible for all costs involved in delivering the goods to a named post of

DEQ
DELIVERED EX QUAY (DEQ)

Seller has goods available to buyer on the quay (wharf) at destination port, cleared for import . The seller ( exporter) is responsible for all costs involved in transporting the goods to the wharf.

DDU
DELIVERED DUTY UNPAID (DDU)

Same as DEQ except seller bears costs and risks of goods thereto , excluding duties, taxes and other .Only the destination , customs duties and taxes are paid by the consignee( customer). The seller (exporter) is responsible for all costs involved in delivering the goods to a named place of

DDP
DELIVERED DUTY PAID (DDP)

Seller has goods available in country of import and bears all costs and risks including duties, taxes , The seller delivers the goods, with import duties paid, including inland transportation from import The seller ( exporter) is responsible for all costs involved in delivering the goods to a named place of

EXV
EX WORKS ( EXW)

Ex works means that the seller’s only responsibility is to make the goods available at his premises .Apply only at the point of origin, and the seller agrees to place the goods at the disposal of the seller ( exports) makes the goods available to the buyer (importer) at the seller’s premises.

FAS
FREE ALONGSIDE SHIP (FAS)

Under this term the seller’s obligators are fulfilled when the goods have been placed alongside the exporter quotes a price for the goods, including charges for delivery of the goods alongside a the seller transports the goods from his place of business , clears the goods for export and places

FCA
FREE CARRIER (FCA)

This term meets the requirements of modern transport, particularly, such “multimodal” transport as Applies only at a designated inland shipping point. The seller is responsible for loading goods into the The seller ( exporter ) clears the goods for export and delivers them to the carrier and place specified

FOB
FREE ON BOARD (FOB)

Under this term, goods are places on board a ship by the seller at a port of shipment named in The seller quotes a price covering all expenses up to and including delivery of goods onto an The seller ( exporter) is responsible for delivering the goods from his place of business and loading

FOB AIRPORT
FOB AIRPORT

This term is very similar to the FOB term, The seller fulfils his obligation by delivering the goods to

FOR or FOT
FREE ON RAIL (FOR) or FREE ON TRUCK (FOT)

“F.O.R” and “F.O.T” mean “free on rail” or “free on truck” . Both refer to goods being carried by rail

CFR or C&F
COST AND FRIEGHT (CFR OR C&F)

This term requires the seller to pay the costs and freight necessary to bring the goods to the named .The seller quotes a price for the goods, including the cost of transportation to the named port of The seller ( exporter) is responsible for cleaning the goods for export , delivering the goods past the

CIP
COST , INSURANCE AND FRIGHT (CIF)

Basically the same CFR, but with the addition that the seller must procure marine insurance The seller quotes a price including insurance , all transportation , and miscellaneous charges to the The seller ( exporter) is responsible for delivering the goods onto the vessel of transport and cleaning.

CPT
CARRIAGE PAID TO …(CPT)

Seller pays freight for carriage of goods to the named destination . Risk of loss or damage , plus any The seller (exporter) clears the goods for export , delivers them to the carrier and is responsible for

DAF
DELIVERED AT FRONTER ( DAF)

Seller fulfills delivery obligation when goods have been available , cleared for exports , at the The seller ( exporter) is responsible for all costs involved in delivering the goods to a named post of

DES
DELIVERED EX SHIP (DES)

Seller has goods available to the buyer aboard ship, uncleared for import at destination port. Seller The seller ( exporter) is responsible for all costs involved in delivering the goods to a named post of

DEQ
DELIVERED EX QUAY (DEQ)

Seller has goods available to buyer on the quay (wharf) at destination port, cleared for import . The seller ( exporter) is responsible for all costs involved in transporting the goods to the wharf.

DDU
DELIVERED DUTY UNPAID (DDU)

Same as DEQ except seller bears costs and risks of goods thereto , excluding duties, taxes and other .Only the destination , customs duties and taxes are paid by the consignee( customer). The seller (exporter) is responsible for all costs involved in delivering the goods to a named place of

DDP
DELIVERED DUTY PAID (DDP)

Seller has goods available in country of import and bears all costs and risks including duties, taxes , The seller delivers the goods, with import duties paid, including inland transportation from import The seller ( exporter) is responsible for all costs involved in delivering the goods to a named place of