International Chamber of Commerce (ICC)
Paris, FranceICC Publishing, Inc.
156 - 5th Ave.
New York, NY 10010Incoterms 2000 are internationally accepted commercial terms defining the respective roles of buyer and seller in the arrangement of transportation and other responsibilities and clarify, when ownership of the merchandise takes place. They are used in conjunction with a sales agreement or other method of transacting the sale.
- EXW (Ex Works) - Title and risk pass to buyer including payment of all transportation and insurance costs from the seller's door. Used for any mode of transportation.
- FCA (Free Carrier) - Title and risk pass to buyer including transportation and insurance costs, when seller delivers goods cleared for export to the carrier. Seller is obligated to load the goods on buyer's collecting vehicle. It is the buyer's responsibility to receive seller's arriving vehicle unloaded.
- FAS (Free Alongside Ship) - Title and risk pass to buyer including payment of all transportation and insurance costs, once delivered alongside ship by seller. Used for sea or inland waterway transportation. The export clearance obligation rests with the seller.
- FOB (Free On Board) - Title and risk pass to buyer including payment of all transportation and insurance costs, once delivered on board the ship by seller. Used for sea or inland waterway transportation.
- CFR (Cost and Freight) - Title, risk and insurance costs pass to buyer, when delivered on board the ship by seller, who pays the transportation costs 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 costs to destination port. Used for sea or inland waterway transportation.
- CPT (Carriage Paid To) - Title, risk and insurance costs pass to buyer, when delivered to carrier by seller, who pays transportation costs 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 costs to destination. Used for any mode of transportation.
- 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 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.
- 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.
Note: EXW, CPT, CIP, DAF, DDU and DDP are commonly used for any mode of transportation. FAS, FOB, CFR, CIF, DES and DEQ are used for sea and inland waterway.