Incoterms

6/12/2019 Incoterms - OGP Freight Pte Ltd
Copyright © 2018 – 2019 OGP Freight Pte Ltd. All Rights Reserved.
EXW – ExWorks
Represents the seller’s minimum obligation, since he only has to place the goods at the disposal of the buyer. The buyer
must carry out all tasks of export & import clearance. Carriage & insurance is to be arranged by the buyer.
FCA – Free Carrier

https://octologlobal.com/incoterms/ 2/5
The seller delivers the goods, cleared for export, to the carrier
6/12/2019 nominated
Incoterms byLtdthe buyer at the named place. Seller pays for
- OGP Freight Pte
carriage to the named place.
FAS – Free Alongside Ship
The seller delivers when the goods are placed alongside the vessel at the named port of shipment. The seller is required to
clear the goods for export. The buyer has to bear all costs & risks of loss or damage to the goods from that moment. This
term can be used for ocean transport only.
FOB – Free On Board
The seller delivers when the goods pass the ship’s rail at the named port of shipment. This means the buyer has to bear all
costs & risks to the goods from that point. The seller must clear the goods for export. This term can only be used for ocean
transport. If the parties do not intend to deliver the goods across the ship’s rail, the FCA term should be used.
CFR – Cost and Freight
The seller delivers when the goods pass the ship’s rail in the port of shipment. Seller must pay the costs & freight necessary
to bring the goods to the named port of destination, BUT the risk of loss or damage, as well as any additional costs due to
events occurring after the time of delivery are transferred from seller to buyer. Seller must clear goods for export. This term
can only be used for ocean transport.
CIF – Cost, Insurance, Freight
The seller delivers when the goods pass the ship’s rail in the port of shipment. Seller must pay the cost & freight necessary
to bring goods to named port of destination. Risk of loss & damage same as CFR. Seller also has to procure marine insurance
against buyer’s risk of loss/damage during the carriage. Seller must clear the goods for export. This term can only be used
for ocean transport.
CPT – Carriage Paid To
The seller delivers the goods to the carrier nominated by him
6/12/2019 but- OGP
Incoterms theFreight
seller must in addition pay the cost of carriage
Pte Ltd
necessary to bring the goods to the named destination. The buyer bears all costs occurring after the goods have been so
delivered. The seller must clear the goods for export. This term may be used irrespective of the mode of transport (including
multimodal).
CIP – Carriage and Insurance Paid
Same as CPT with the exception that the seller also has to procure insurance against the buyer’s
risk of loss or damage to the goods during the carriage. This term may be used for any mode of transportation.
DAT – Delivered at Terminal (named terminal at port or place of destination)
Seller pays for carriage to the terminal, except for costs related to import clearance, and assumes all risks up to the point
that the goods are unloaded at the terminal.
DAP – Delivered At Place (named place of destination)
Seller pays for carriage to the named place, except for costs related to import clearance, and assumes all risks prior to the
point that the goods are ready for unloading by the buyer.
DDP – Delivered Duty Paid
This term represents maximum obligation to the seller. This term should not be used if the seller is unable to directly or
indirectly to obtain the import license. The terms means the same as the DDU term with the exception that the seller also
will bear all costs & risks of carrying out customs formalities including the payment of duties, taxes & customs fees.
OGP Freight Pte Ltd is a CONTACT US LINKS
Singapore based project cargo Company Overview

OGP Freight Pte Ltd 
logistics company. We aim to (https://octologlobal.com/thecompany)
Address: 61 Tuas Crescent
satisfy our customers in their
Singapore 638737

Incoterms

Uploaded by

Copyright:

Available Formats

Incoterms

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Incoterms

Uploaded by

Copyright:

Available Formats

6/12/2019 Incoterms - OGP Freight Pte Ltd

FCA – Free Carrier

carriage to the named place.

FAS – Free Alongside Ship

FOB – Free On Board

CFR – Cost and Freight

CIF – Cost, Insurance, Freight

CPT – Carriage Paid To

CIP – Carriage and Insurance Paid

DAT – Delivered at Terminal (named terminal at port or place of destination)

DAP – Delivered At Place (named place of destination)

DDP – Delivered Duty Paid

OGP Freight Pte Ltd is a CONTACT US LINKS

Singapore based project cargo Company Overview

You might also like