Inco terms
INCO TERMS
GROUPS |
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Any mode of transport |
Sea and inland waterway transport |
Any mode of transport |
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FREIGHT TERMS |
Freight Collect Terms |
Freight Prepaid Terms |
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INCOTERMS* |
EXW |
FCA |
FAS |
FOB |
CFR |
CIF |
CPT |
CIP |
DAP |
DPU |
DDP |
Ex Works (Place) |
Free Carrier (Place) |
Free Alongside Ship (Port) |
Free on Board (Port) |
Cost & Freight (Port) |
Cost, Insurance & Freight (Port) |
Carriage Paid to (Place) |
Carriage, Insurance Paid to (Place) |
Delivered at Place (Place) |
Delivered at Place Unloaded (Place) |
Delivered Duty Paid (Place) |
|
RISK TRANSFER |
At Buyer’s Disposal |
On Buyer’s Transport |
Alongside Ship |
On Board Ship |
On Board Ship |
On Board Ship |
At Carrier |
At Carrier |
At Named Place |
At Named Place Unloaded |
At Named Place |
OBLIGATION & CHARGES |
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Export |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Loading |
Buyer |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Delivery to |
Buyer |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Export Duty, Taxes & Customs Clearance |
Buyer |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Origin |
Buyer |
Buyer |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Loading on |
Buyer |
Buyer |
Buyer |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Carriage |
Buyer |
Buyer |
Buyer |
Buyer |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Insurance |
Negotiable |
Negotiable |
Negotiable |
Negotiable |
Negotiable |
Seller |
Negotiable |
Seller |
Negotiable |
Negotiable |
Negotiable |
Destination |
Buyer |
Buyer |
Buyer |
Buyer |
Buyer |
Buyer |
Seller |
Seller |
Seller |
Seller |
Seller |
Delivery to |
Buyer |
Buyer |
Buyer |
Buyer |
Buyer |
Buyer |
Buyer |
Buyer |
Seller |
Seller |
Seller |
Unloading at |
Buyer |
Buyer |
Buyer |
Buyer |
Buyer |
Buyer |
Buyer |
Buyer |
Buyer |
Seller |
Buyer |
Import Duty, Taxes and Customs Clearance |
Buyer |
Buyer |
Buyer |
Buyer |
Buyer |
Buyer |
Buyer |
Buyer |
Buyer |
Buyer |
Seller |
* For full and complete description of each incoterm, refer to full version Incoterms 2020 by the Institute of Chamber of Commerce at the ICC Website.