Incoterms

INCO

Terms

GROUP E (DEPARTURE)	UNDER EXW, THE SELLER MINIMIZES HIS RISK BY MAKING THE GOODS AVAILABLE AT HIS FACTORY OR PLACE OF BUSINESS.
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
GROUP F	MAIN CARRIAGE NOT PAID BY SELLER
FCA - Free Carrier	Title and risk pass to buyer including transportation and insurance cost when the seller delivers goods cleared for export to the carrier.Seller is obligated to load the goods on the Buyer's collecting vehicle; it is the Buyer's obligation to recieve the Seller's arriving vehicle unloaded.
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	Free On Board and 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.
GROUP C	MAIN CARRIAGE PAID BY SELLER
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.
CPT - Carriage Paid To	Title, risk and insurance cost pass to buyer when delivered to carrier by seller who pays transportation cost to destination. Used for any mode of transportation.
CIP - Carriage and Insurance Paid To	Title and risk pass to buyer when delivered to carrier by seller who pays transportation and insurance cost to destination. Used for any mode of transportation.
GROUP D	ARRIVAL
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.
DES - Delivered Ex Ship	Title, risk, responsibility for vessel discharge and import clearance pass to buyer when seller delivers goods on board the ship to destination port. Used for sea or inland waterway transportation.
DEQ - Delivered Ex Quay (Duty Paid)	Title and risk pass to buyer when delivered on board the ship at the destination point by the seller who delivers goods on dock at destination point cleared for import. Used for sea or inland waterway transportation. DDU - Delivered Duty Unpaid -- Title, risk and responsibility of import clearance pass to buyer when seller delivers goods to named destination point. Used for any mode of transportation. Buyer is obligated for import clearance.
DDU - Delivered Duty Unpaid	Seller fulfills his obligation when goods have been made available at teh 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.
	International Chamber of Commerce, Paris, France.