INCOTERMS Delivery Terms

A registereded trademark of the ICC – International Chamber of Commerce, Incoterms are predefined rules set up to facilitate international commerce and intended primarily to clearly communicate the responsibility, costs, and risks associated with the transportation and delivery of goods. First published in 1936, Incoterms have been regularly updated to keep up in pace with the changing world of commerce. The last version – Incoterms®2010 – have been published on January 1, 2011.

Incoterms are devided into 4 (four) major groups:

„Е” – Seller's responsibility and control are minimal
„F“ – it's Buyer's obligation to organize the transportation of goods cleared for export at a named place
„C“ – the basic responsibility for transportation is up to the Seller
„D“ – the Seller's maximum responsibility is to cover all the costs of transport, unloading from main carrier at destination port and destination port charges and assume all risk until destination port or terminal.

There are 11 (eleven) terms altogether:

EXW – Ex Works

FCA – Free Carrier
FAS – Free Alongside Ship
FOB – Free On Board

CPT – Carriage Paid To
CIP – Carriage and Insurance Paid To

CFR – Cost and Freight
CIF – Cost, Insurance and Freight

DAT – Delivered at Terminal
DAP – Delivered at Place
DDP – Delivered Duty Paid

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