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Incoterms

Rules for any mode or modes of transport

The seller's obligation

The buyer's obligation

  • provide the goods and the commercial invoice;
  • provide the buyer, at the buyer’s request, risk and expense, assistance in obtaining any export licence;
  • deliver the goods by placing them at the disposal of the buyer at the agreed point, not loaded on any collecting vehicle.
EXW
Ex Works
  • pay the price of the goods;
  • where applicable, it is up to the buyer to obtain, at its own risk and expense, any export and import licence and carry out all customs formalities for the export of the goods;
  • take delivery of the goods.
  • provide the goods and the commercial invoice;
  • where applicable, must obtain, at its own risk and expense, any export licence and carry out all customs formalities necessary for the export of the goods;
  • must deliver the goods to the carrier at the named place, goods have been loaded on the means of transport.
FCA
Free Carrier
  • provide the goods and the commercial invoice;
  • where applicable, it is up to the buyer to obtain, at its own risk and expense, any export and import licence and carry out all customs formalities for the import of the goods and for their transport through any country;
  • must contract or procure at its own expense for the carriage of goods from the named place of delivery;
  • take delivery of the goods;
  • notify the seller of the name of the carrier.
  • provide the goods and the commercial invoice;
  • where applicable, must obtain, at its own risk and expense, any export licence and carry out all customs formalities necessary for the export of the goods;
  • must contract or procure a contract for the carriage of the goods from the place of delivery to the named place of destination;
  • must deliver the goods by handling them over to the carrier.
CPT
Carrier Paid to
  • pay the price of the goods;
  • where applicable, it is up to the buyer to obtain, at its own risk and expense, any import licence and carry out all customs formalities for the import of the goods and for their transport through any country;
  • take delivery of the goods and receive them from the carrier at the named place of destination.
  • provide the goods and the commercial invoice;
  • where applicable, must obtain, at its own risk and expense, any export licence and carry out all customs formalities necessary for the export of the goods;
  • must contract or procure a contract for the carriage of the goods from the place of delivery to the named place of destination;
  • must obtain at its own expense cargo insurance;
  • must deliver the goods by handling them over to the carrier.
CIP
Carrier and Insurance Paid to
  • pay the price of the goods;
  • where applicable, it is up to the buyer to obtain, at its own risk and expense, any import licence and carry out all customs formalities for the import of the goods and for their transport through any country;
  • take delivery of the goods and receive them from the carrier at the named place of destination.
  • provide the goods and the commercial invoice;
  • where applicable, must obtain, at its own risk and expense, any export licence and carry out all customs formalities necessary for the export of the goods;
  • must contract or procure a contract for the carriage of the goods from the place of delivery to the named place of destination;
  • unload the goods from the arriving means of transport and must then deliver them by placing at the disposal of the buyer at the named terminal.
DAT
Deliver at Terminal
  • pay the price of the goods;
  • where applicable, it is up to the buyer to obtain, at its own risk and expense, any import license and carry out all customs formalities for the import of the goods;
  • take delivery of the goods;
  • to determine the time and/or the point of taking delivery at the named terminal, give the seller sufficient notice thereof.
  • provide the goods and the commercial invoice;
  • where applicable, must obtain, at its own risk and expense, any export licence and carry out all customs formalities necessary for the export of the goods;
  • must contract at its own expense for the carriage of the goods to the named place of destination;
  • deliver the goods by placing them at the disposal of the buyer on the arriving means of transport ready for unloading at the agreed point.
DAP
Deliver at Place
  • pay the price of the goods;
  • where applicable, it is up to the buyer to obtain, at its own risk and expense, any import license and carry out all customs formalities for the import of the goods;
  • take delivery of the goods;
  • to determine the time and/or the point of taking delivery at the named terminal, give the seller sufficient notice thereof.
  • provide the goods and the commercial invoice;
  • where applicable, must obtain, at its own risk and expense, any export licence and carry out all customs formalities necessary for the export of the goods;
  • must contract at its own expense for the carriage of the goods to the named place of destination at the agreed port or place of destination;
  • deliver the goods by placing them at the disposal of the buyer on the arriving means of transport ready for unloading at the agreed point.
DDP
Deliver at Place
  • pay the price of the goods;
  • where applicable, it is up to the buyer to provide assistance to the seller, at the seller’s request, risk and expense, in obtaining any import licence or other official authorization for the import of the goods;
  • take delivery of the goods;
  • to determine the time and/or the point of taking delivery at the named terminal, give the seller sufficient notice thereof.

 

Rules for sea and inland waterway transport

  • provide the goods and the commercial invoice;
  • where applicable, must obtain, at its own risk and expense, any export licence and carry out all customs formalities necessary for export of the goods;
  • must deliver the goods by placing them alongside the ship nominated by the buyer at the named port of shipment.
FAS
Free Alongside Ship
  • pay the price of the goods;
  • where applicable, it is up to the buyer to obtain, at its own risk and expense, any import licence and carry out all customs formalities for the import of the goods and for their transport through any country;
  • must contract at its own expense for carriage of the goods from the named port of shipment;
  • take delivery of the goods;
  • give the seller sufficient notice of the vessel name, loading point.
  • provide the goods and the commercial invoice;
  • where applicable, must obtain, at its own risk and expense, any export licence and carry out all customs formalities necessary for the export of the goods;
  • must deliver the goods by placing them on the board the vessel nominated by the buyer at the named port of shipment.
FOB
Free on Board
  • pay the price of the goods;
  • where applicable, it is up to the buyer to obtain, at its own risk and expense, any import licence and carry out all customs formalities for the import of the goods and for their transport through any country;
  • must contract at its own expense for carriage of the goods from the named port of shipment;
  • take delivery of the goods;
  • give the seller sufficient notice of the vessel name, loading point.
  • provide the goods and the commercial invoice;
  • where applicable, must obtain, at its own risk and expense, any export licence and carry out all customs formalities necessary for export of the goods;
  • must contract or procure a contract for the carriage of the goods from the agreed place of delivery to the named port of destination;
  • must deliver the goods by placing them on board the vessel.
CFR
Cost and Freight
  • pay the price of the goods;
  • where applicable, it is up to the buyer to obtain, at its own risk and expense, any import licence and carry out all customs formalities for the import of the goods and for their transport through any country;
  • take delivery of the goods and receive them from the carrier at the named place of destination.
  • provide the goods and the commercial invoice;
  • where applicable, must obtain, at its own risk and expense, any export licence and carry out all customs formalities necessary for the export of the goods;
  • must contract or procure a contract for the carriage of the goods from the place of delivery to the named place of destination;
  • must obtain at its own expense cargo insurance;
  • must deliver the goods by placing them on board the vessel.
CIF
Cost Insurance and Freight
  • pay the price of the goods;
  • where applicable, it is up to the buyer to obtain, at its own risk and expense, any import licence and carry out all customs formalities for the import of the goods and for their transport through any country;
  • take delivery of the goods and receive them from the carrier at the named place of destination.

 

Rules for any mode or modes of transport

EXW
Ex Works
FCA
Free Carrier
CPT
Carriage Paid to
CIP
Carriage and Insurance Paid to
DAT
Delivered at Terminal
DAP
Delivered at Place
DDP
Delivered Duty Paid

 

Rules for sea and inland waterway transport

FAS
Free Alongside Ship
FOB
Free on Board
CFR
Cost and Freight
CIF
Cost Insurance and Freight