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Incoterms 2010

Incoterms 2010, International Trade cargo description

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Description of Incoterms 2010

Term Definition Description

EXW

Ex Works
(... named place)
The Seller transfer the goods to Buyer or carrier in territory of Seller (plant, factory, warehouse, shop and so on.). Buyer pay all expenses from warehouse of Seller - transportation, customs clearance and export, etc. Example - EXW Nizhnedneprovsk, PJSC "Interpipe NTRP" (country of origin)

FCA

Free Carrier
(... named place)
The Seller transfer the goods to carrier or other company which nominated of Buyer on territory of Seller or other agreed place. This term can uses for any types of transportation including multimodal shipping. Example - FCA Vinnitsa (country of origin)

FAS

Free Alongside Ship
(... named port of loading)
The Seller deliver the goods to port of loading. Expenses for load of cargo on board ship pay the Buyer. This term uses for sea transportation. Example FAS Belgorod Dnestrovsky Port (country of origin)

FOB

Free on Board
(... named port of loading)
The Seller deliver the goods to port and load on board of ship. This term uses for sea transportation. Example FOB Ilyichevsk Sea Fishing Port (country of origin)

CFR

Cost and Freight
(... named port of discharge)
The Seller pays for delivery of the goods at destination port, loading and sea freight. If need insurance for goods this expenses pay the Buyer. This term uses for sea and river transportation. Example CFR Alexandria (country of destination)

CIF

Cost Insurance and Freight
(... named port of discharge)
The Seller pays for delivery of the goods at destination port, loading and sea freight and insurance. This term uses for sea and river transportation. Example CIF Shanghai (country of destination)

CPT

Carriage Paid to
(... named place of destination)
The Seller pays for delivery of the goods at destination place. This term can uses for any types of transportation. Example CPT Minsk (country of destination)

CIP

Carriage and Insurance Paid to
(... named place of destination)
The Seller pays for delivery and insurance of the goods at destination place. This term can uses for any types of transportation. Example CIP Milano (country of destination)

DAT

Delivered at Terminal
(... named terminal of destination)
The Seller deliver of the goods to agreed terminal of destination. This term can uses for any types of transportation. Example DAT Odessa, HPC Ukraine /container terminal (country of destination)

DAP

Delivered at Place
(... named point of destination)
The Seller deliver of the goods to agreed point of destination. This term can uses for any types of transportation. Example DAP Varna (country of destination)

DDP

Delivered Duty Paid
(... named place of destination)
The Seller deliver and pay expenses for import customs clearance of the goods to agreed place of destination. This term can uses for any types of transportation. Example DAP Kishinev (country of destination)