Incoterms

International Commercial Terms

International Commercial Terms (INCOTERMS)

EXW Ex Works

Ex-Works, named place where shipment is available to the buyer, not loaded. The seller will not contract for any transportation.

FCA Free Carrier

Free Carrier, unloaded at the seller’s dock OR a named place where shipment is available to the international carrier or agent, not loaded.
This term can be used for any mode of transport.

FAS Free Alongside Ship

Free Alongside Ship, named ocean port of shipment.
Ocean shipments that are NOT containerized.

FOB Free On Board

Free On Board vessel, named ocean port of shipment.
This term is used for ocean shipments only where it is important that the goods pass the ship’s rail.

CIF Cost, Insurance and Freight

cost and Freight, Named ocean port of destination.
This term is used for ocean shipments that are not containerized.

CPT Carriage Paid To

Carriage Paid To, named place or port of destination.
This term is used for air or ocean containerized and roll-on roll-off shipments.

International Commercial Terms
CIP Carriage and Insurance Paid To

Carriage and Insurance Paid To, named place or port of destination.
This term is used for air or ocean containerized and roll-on roll-off shipments.

DAF Delivered At Frontier

Delivered At Frontier, named place of destination, by land, not unloaded.
This term is used for any mode of transportation but must be delivered by land.

DEQ Delivered Ex Quay

Delivered Ex-Quay, named port of destination, unloaded, not cleared.
This term is used for ocean shipments only.

DDU Delivered Duty Unpaid

Delivered Duty Unpaid, named place of destination, not unloaded, not cleared.
This term is used for any mode of transportation.

DDP Delivered Duty Paid

Delivered Duty Paid, named place of destination, not unloaded, cleared.
This term is used for any mode of transportation.

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