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Incoterms 2010

CFR: COST AND FREIGHT
In Incoterm CFR, Seller pays the delivery of goods to the named port of destination (discharge). Buyer is responsible for cargo insurance, and other costs and risks from the point goods are on board.

CIF: COST, INSURANCE AND FREIGHT
In Incoterm CIF, Seller pays the delivery of goods and cargo insurance to the named port of destination (discharge). Buyer is responsible for the import customs clearance and other costs and risks from the point goods are on board.

CIP: CARRIAGE AND INSURANCE PAID TO
In Incoterm CIP, Seller pays the cost of delivery of goods and the cargo insurance to the named place of destination (discharge). Buyer assumes import customs clearance, payment of customs duties and taxes, and other costs and risks.

CPT: CARRIAGE PAID TO
In Incoterm CPT, the Seller pays the freight for carriage of goods to the named destination. The risk of loss of, or damage to, goods, is transferred from the Seller to the Buyer when goods are given into the custody of the carrier.

DAP: DELIVERED AT PLACE
In Incoterm DAP, the Seller fulfills his obligation to deliver when goods are placed at disposal of the Buyer on arriving means of transport, ready for unloading, at the named place of destination.

DAT: DELIVERED AT TERMINAL
In Incoterm DAT, the Seller delivers when the goods, once unloaded from the arriving means of transport, are placed at the disposal of the Buyer at a named terminal or other place at the named port or place of destination.

DDP: DELIVERY DUTY PAID
In Incoterm DDP, the Seller fulfills his obligation to deliver when goods are available at the named place in the country of importation. The Seller has to bear risks and costs, including duties, taxes and other charges of delivering the goods thereto, cleared for importation.

EXW: EX WORKS
In Incoterm EXW, Seller minimizes his risk by only making the goods available at his premises for pick up without loading or clearing for export.

DAF: Delivered at Frontier
Title, risk and responsibility for import clearance pass to buyer when delivered to named border point by seller. Used for any mode of transportation.

FAS: FREE ALONGSIDE SHIP
In Incoterm FAS, the Seller fulfills his obligation to deliver when the goods have been placed alongside the vessel on the quay or in lighters at the named port of shipment. Buyer has to bear all costs and risks of loss of or damage to the goods from that moment, prior to loading aboard the vessel.

FCA: FREE CARRIER
In Incoterm FCA, the Seller fulfills his obligation to deliver after handing over goods, cleared for export, into the possession of the carrier named by the buyer at the named place or point.

FOB: FREE ON BOARD
In Incoterm FOB, the Seller fulfills his obligation to deliver when the goods have passed over the ship’s rail at the named port of shipment. This means that the Buyer has to bear all costs and risks of loss of or damage to the goods from that point, on board the vessel.