Incoterms - INCO 2000 |
EXW - Ex Works |
Title and risk pass to buyer including payment of all transportation and insurance cost from the seller's door. Used for any mode of transportation |
FAS - Free Alongside Ship |
Title and risk pass to buyer including payment of all transportation and insurance cost once delivered alongside ship by the seller. Used for sea or inland waterway Transportation. The export clearance obligation rests with the seller |
FOB - Free On Board |
Risk pass to buyer including payment of all transportation and insurance cost once delivered on board the ship by the seller. Used for sea or inland waterway transportation |
CFR - Cost and Freight |
Title, risk and insurance cost pass to buyer when delivered on board the ship by seller who pays the transportation cost to the destination port. Used for sea or inland waterway transportation |
CIF - Cost, Insurance and Freight |
Title and risk pass to buyer when delivered on board the ship by seller who pays transportation and insurance cost to destination port. Used for sea or inland waterway transportation |
DDU - Delivered Duty Unpaid |
Seller fulfills his obligation when goods have been made available at the named place in the country of importation |
DDP - Delivered Duty Paid |
Title and risk pass to buyer when seller delivers goods to named destination point cleared for import. Used for any mode of transportation |