top of page
An Intellectual Global Logistics Network
Incoterms
SERVICE
Seller
Seller
Charges at foreign port/Airport
Buyer
Buyer
Seller
Seller
Seller
Seller
Seller
Buyer
Buyer
Buyer
Buyer
Customs, Duties& Taxes abroad
Buyer
Buyer
Buyer
Buyer
Buyer
Buyer
Seller
Buyer
Buyer
Buyer
Buyer
Loading on ocean carrier
Ocean/Air freight charges
Buyer
Buyer
Buyer
Buyer
Buyer
Buyer
Buyer
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Buyer
Buyer
Buyer
Buyer
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Buyer
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Buyer
Buyer
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Term EXW FCA CPT CIP DAT DAP DDP FAS FOB CFR CIF
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
who Pays
who Pays
who Pays
who Pays
who Pays
who Pays
who Pays
who Pays
who Pays
who Pays
who Pays
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Ex-Works
Free Carrier
Carriage Paid to
Carriage&
Insurance Paid To
Delivered at Terminal
Delivered at
Place
Delivered Duty
Paid
Free Alongside
Ship
Free Alongside
Ship
Free On-Board Vessel
​
Cost & Freight
Warehouse
storage at
point of origin
Warehouse labor at
point of origin
Export Packing
Loading at point of origin
Inland freight
Port receiving charges
Forwarders fee
Ex-Work (EXW)
Seller’s obligation is to place the goods packed for export at the buyer’s disposal at an agreed place. Risk of loss is transferred when Seller makes goods available. When Seller puts the merchandise packed for export at Buyer’s disposal at Seller’s its own premises (warehouse, factory, etc.)
Free Carrier (FCA)
Seller delivers the goods packed and cleared for export, to the named carrier of the buyer and the named place. If the location is the seller’s premises (i.e., truck), then seller is responsible for loading. Risk of loss transfers when seller delivers the goods to the named place cleared for export. When Seller delivers goods to carrier or other person nominated by Buyer at Seller’s premises or another named place.
Carriage Paid To (CPT)
Seller pays the freight charges to the named place of destination. The buyer is responsible for all charges after delivery at that destination.
Risk of loss transfers when goods are delivered to the carrier, not when the goods reach the place of destination. when Seller delivers goods to carrier at port of export or another named person nominated by Seller.
Carriage & Insurance Paid To (CIP)
Seller pays for the freight charges to the named destination. The buyer is responsible for all charges after delivery at that destination.Risk of loss transfers when goods are delivered to the carrier. At the point where Seller hands over goods to carrier, not when goods reach destination.
Delivered at Terminal (DAT)
Omnimodal term, for all methods of transport - Must be “a” terminal on buyer's side – air, truck, rail, etc…Risk of loss transfers when seller delivers unloaded at terminal. when Seller delivers good once unloaded
from arriving means of transport, are laced at the disposal of buyer at a named terminal at the named port or place of destination.
Delivered at Place (DAP)
Heir to DDU, DAF, DES, DEQ, Risk of loss transfers when Seller delivers to named place of destination. when Seller places goods at Buyer’s disposal on carrier, but not unloaded.
Delivered Duty Paid (DDP)
Seller delivers goods to the buyers door cleared by Customs but not unloaded. This term should not be used if the seller is unable to obtain an import license in the country of destination. when Seller makes
goods available to Buyerr, cleared for import at place of destination ready to be unloaded.
Free Alongside Ship (FAS)
Seller delivers the goods packed and cleared for export alongside the vessel at the named port of export. (Risk transfers at same point) Cleared for export was changed in 1990 version. When Seller places good alongside ship nominated by buyer at port of export.
Free On-Board Vessel (FOB)
Seller delivers when the goods are on board. Risk of loss is transferred at the same place. When Seller delivers goods on board carrier at named port of hipment (or procures goods already so delivered)
Cost & Freight (CFR)
Seller pays for freight and costs to port of destination. Risk of loss transfers when goods are on board in port of export. When Seller delivers the goods on board the vessel at port of export or "procures the goods already so delivered"
Cost, Insurance & Freight (CIF)
Seller pays for the international transportation charges to port of destination. Risk of loss transfers when goods are on board at the port of export. When Seller delivers the goods on board the vessel at port of
export or "procures the goods already so delivered"
About us
Some Features
I.P.N is a leading exclusive logistics network organization for independent freight management companies with an aim of providing worldwide logistics coverage with presence in all major countries. Established in ...
Responsive
​
Exclusive
​
Non-profit
​
Wide-coverage
Quick Links
© 2013 - 2017 I.P.NETWORKING LIMITED, all rights reserved.
bottom of page