INCOTERMS

INCOTERMS

Thirteen standardized definitions of commonly used shipping and trade terms.  The International Chamber of Commerce (ICC) establishes and publishes the Incoterms.   To use the terms correctly, trade practitioner should consult the ICC for the complete, authorized definitions.

   

 

COMMONLY USED INCOTERMS
Departure
EXW EX Works
   
Main carriage not paid by seller
FCA Free Carrier
FAS Free Alongside Ship
FOB Free on Board
 
Main carriage paid by seller
CFR Cost and Freight
CIF Cost, Insurance and Freigt
CPT Carriage Paid To
CIP Carriage and Insurance Paid to
 
Arrival
DAF Delivered At Frontier
DES Delivered EX Ship
DEQ Delivered EX Quay
DDU Delivered Duty Unpaid
DDP Delivered Duty Paid
   

 

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