|
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 |
