INCOTERMS 2010 AT A GLANCE 
 

INCOTERMS are international rules for the interpretation of terms used in foreign trade contracts, recognised worldwide

 

 

 

 

 

Term

Risks transfers to buyer

Freight

Insurance

Recommended mode

EXW

when the goods are made available at seller’s premises

Paid by buyer from seller’s premises

Buyer

Rail, road, air as single mode of transport or rail, road, air and water as multimodal

FCA

When the seller delivers the goods to the carrier nominated by the buyer

Paid by buyer from Seller’s premises / CFS/ ICD/Cargo Terminal at the country of origin

Buyer

Used for air pot to air pot service

FOB

When the goods are delivered on board the vessel nominated the buyer

Ocean freight paid by the buyer

Buyer

Inland waterways and or sea transport, port to port

FAS

When the goods are delivered alongside ship

Ocean freight paid by the buyer

Buyer

Inland waterways and or sea transport, port to port

CPT

When the goods are handed over to the first carrier at the origin

Seller to pay freight up to cargo terminal at destination

Buyer

Used for air pot to air pot service

CIP

When the goods are handed over to the first carrier at the origin

Seller to pay freight up to cargo terminal at destination

Seller

Rail, road, air as single mode of transport or rail, road, air and water as multimodal

CFR

When the goods are delivered on board the vessel nominated by the buyer

Ocean freight paid by seller

Buyer

Inland waterways and or sea transport, port to port

CIF

When the goods are delivered on board the vessel nominated by the seller

Ocean freight paid by seller

Seller

Inland waterways and or sea transport, port to port

DAT

When the goods are placed at the disposal of the buyer at the terminal at the destination

Seller to pay freight up to terminal at destination

Seller

Rail, road, air as single mode of transport or rail, road, air and water as multimodal

DAP

When the seller delivers the goods at the buyer’s warehouse without unloading

Seller to pay freight up to buyer’s warehouse

Seller

Rail, road, air as single mode of transport or rail, road, air and water as multimodal

DDP

When the seller delivers the goods at the buyer’s warehouse without unloading

Seller to pay freight up to buyer’s warehouse. Seller also pays customs duty

Seller

Rail, road, air as single mode of transport or rail, road, air and water as multimodal

 

 

 

 
 

 

 
 

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