Incoterms
| The following chart summarizes the responsibilities of both the buyer and seller for each of the current 13 INCOTERMS. In addition, a definition for each term is included at the bottom of the page. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| * There are actually two FCA terms: FCA Seller’s Premises where the seller is responsible only for loading the goods and not responsible for inland freight; and FCA Named Place (International Carrier) where the seller is responsible for inland freight. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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The 13 INCOTERMS |
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Origin Terms International Carriage NOT Paid by Seller FAS – Free Alongside Ship, named ocean port of shipment. FOB – Free On Board vessel, named ocean port of shipment. International Carriage Paid by the Seller CIF – Cost, Insurance and Freight, named ocean port of destination. CPT – Carriage Paid To, named place or port of destination. CIP – Carriage and Insurance Paid To, named place or port of destination. Arrival At Stated Destination DES – Delivered Ex-Ship, named port of destination, not unloaded. DEQ – Delivered Ex-Quay, named port of destination, unloaded, not cleared. DDU – Delivered Duty Unpaid, named place of destination, not unloaded, not cleared. DDP – Delivered Duty Paid, named place of destination, not unloaded, cleared. |