Incoterms 2010 Chart
EXW
„Ex Works“ means that the seller delivers when it places the goods at the disposal of the buyer at the seller‘s premises or at another named place (i.e., works, factory, warehouse, etc.). The seller does not need to load the goods on any collecting vehicle, nor does it need to clear the goods for export, where such clearance is applicable.
Basic overview of Incoterms® 2010
FCA
„Free Carrier“ means that the seller delivers the goods to the carrier or another person nominated by the buyer at the seller‘s premises or another named place.
The parties are well advised to specify as clearly as possible the point within the named place of delivery, as the risk passes to the buyer at that point.
Ocean freight
Seller's
premises
“Prepaid” terms
“Collect” terms
EXW Ex Works
FCA
FOB
Carrier's terminal at origin
Ship‘s rail port of origin
Ship‘s rail port of destination
Named Terminal
named place
Free Carrier
named place
Free On Board
named port of shipment
Free Alongside Ship
(Ocean freight only)
named port of shipment
CFR
Cost and Freight
(Ocean freight only)
named port of shipment
CIF
Cost, Insurance and Freight
(Ocean freight only)
named port of destination
CPT
Carriage Paid To
named place of destination
CIP
Carriage and Insurance Paid to
named place of destination
DAT
Delivered At Terminal
named place of destination
DAP
Delivered At Place
named place of destination
DDP Delivered Duty Paid
CFR (applicable to ocean freight)
„Cost and Freight“ means that the seller delivers the goods on board the vessel or procures the goods already so delivered. The risk of loss of or damage to the goods passes when the goods are on board the vessel. The seller must contract for and pay the costs and freight necessary to bring the goods to the named port of destination.
CIF (applicable to ocean freight)
„Cost, Insurance and Freight“ means that the seller delivers the goods on board the vessel or procures the goods already so delivered. The risk of
„Ex Works“ means that the seller delivers when it places the goods at the disposal of the buyer at the seller‘s premises or at another named place (i.e., works, factory, warehouse, etc.). The seller does not need to load the goods on any collecting vehicle, nor does it need to clear the goods for export, where such clearance is applicable.
Basic overview of Incoterms® 2010
FCA
„Free Carrier“ means that the seller delivers the goods to the carrier or another person nominated by the buyer at the seller‘s premises or another named place.
The parties are well advised to specify as clearly as possible the point within the named place of delivery, as the risk passes to the buyer at that point.
Ocean freight
Seller's
premises
“Prepaid” terms
“Collect” terms
EXW Ex Works
FCA
FOB
Carrier's terminal at origin
Ship‘s rail port of origin
Ship‘s rail port of destination
Named Terminal
named place
Free Carrier
named place
Free On Board
named port of shipment
Free Alongside Ship
(Ocean freight only)
named port of shipment
CFR
Cost and Freight
(Ocean freight only)
named port of shipment
CIF
Cost, Insurance and Freight
(Ocean freight only)
named port of destination
CPT
Carriage Paid To
named place of destination
CIP
Carriage and Insurance Paid to
named place of destination
DAT
Delivered At Terminal
named place of destination
DAP
Delivered At Place
named place of destination
DDP Delivered Duty Paid
CFR (applicable to ocean freight)
„Cost and Freight“ means that the seller delivers the goods on board the vessel or procures the goods already so delivered. The risk of loss of or damage to the goods passes when the goods are on board the vessel. The seller must contract for and pay the costs and freight necessary to bring the goods to the named port of destination.
CIF (applicable to ocean freight)
„Cost, Insurance and Freight“ means that the seller delivers the goods on board the vessel or procures the goods already so delivered. The risk of