Inco Terms
Inco Terms
Inco Terms
publication---INCOTERMS 2000.
Many importers and exporters worldwide are accustomed to and
may still use the INCOTERMS 1980, the predecessor of
INCOTERMS 1990 and INCOTERMS 2000.
INCO TERMS: Terms
E EXW Ex Works
FCA
Free Carrier
The delivery of goods on truck, rail car or
container at the specified point (depot) of
departure, which is usually the seller's premises,
or a named railroad station or a named cargo
terminal or into the custody of the carrier, at
seller's expense. The point (depot) at origin may
or may not be a customs clearance center. Buyer
is responsible for the main carriage/freight, cargo
insurance and other costs and risks.
FAS
Free Alongside Ship
Goods are placed in the dock shed or at the side of the
ship, on the dock or lighter, within reach of its loading
equipment so that they can be loaded aboard the ship, at
seller's expense. Buyer is responsible for the loading fee,
main carriage/freight, cargo insurance, and other costs
and risks.
FAS
Free Alongside Ship
Goods are placed in the dock shed or at the side of the
ship, on the dock or lighter, within reach of its loading
equipment so that they can be loaded aboard the ship, at
seller's expense. Buyer is responsible for the loading fee,
main carriage/freight, cargo insurance, and other costs
and risks.
CPT
Carriage Paid To
The delivery of goods to the named
place of destination (discharge) at
seller's expense. Buyer assumes the
cargo insurance, import customs
clearance, payment of customs duties
and taxes, and other costs and risks.
In the export quotation, indicate the
place of destination (discharge) after the
acronym CPT, for example CPT Los
Angeles and CPT Osaka.
INCO TERMS: CIP
CIP
Carriage and Insurance Paid To
The delivery of goods and the cargo
insurance to the named place of
destination (discharge) at seller's
expense. Buyer assumes the import
customs clearance, payment of
customs duties and taxes, and other
costs and risks.
In the export quotation, indicate the
place of destination (discharge) after the
acronym CIP, for example CIP Paris
and CIP Athens.
INCO TERMS: DAF
DES
Delivered Ex Ship
The delivery of goods on board the
vessel at the named port of destination
(discharge), at seller's expense. Buyer
assumes the unloading fee, import
customs clearance, payment of
customs duties and taxes, cargo
insurance, and other costs and risks.
In the export quotation, indicate the port
of destination (discharge) after the
acronym DES, for example DES
Helsinki and DES Stockholm.
INCO TERMS: DEQ
DEQ
Delivered Ex Quay
The delivery of goods to the quay (the
port) at destination at seller's expense.
Seller is responsible for the import
customs clearance and payment of
customs duties and taxes at the buyer's
end. Buyer assumes the cargo
insurance and other costs and risks.
DDU
Delivered Duty Unpaid
The delivery of goods and the cargo
insurance to the final point at destination,
which is often the project site or buyer's
premises, at seller's expense. Buyer
assumes the import customs clearance and
payment of customs duties and taxes. The
seller may opt not to insure the goods at
his/her own risks.