| EXW (Ex-works, ex-factory, ex-warehouse, ex-mill.) The seller fulfills his/her obligation of delivering when the goods are in his/her factory, workshop, etc.. Available to the buyer. He/she is responsible for loading the goods on the vehicle provided by the buyer or for clearing the goods for export, unless otherwise agreed. The buyer bears all costs and risks of the goods from the seller’s address to the final destination. |
| FCA (Free Carrier) The seller fulfills his/her obligation to place the goods at the place fixed by the carrier, after customs clearance for export. If the buyer has not set any specific point, the seller may choose within the stipulated range where the carrier will take care of the goods. This term can be used with any mode of transport including multimodal. |
| FOB (Free on Board) This is followed by the port of embarkation, ex. FOB Algeciras. It means that the goods are placed on board the ship with all expenses, fees and risks borne by the seller until the goods have passed the ship’s rail, freight excluded. It requires the seller to dispatch the goods for export. This term can be used only for transport by sea or inland waterways. |
| FAS (Free alongside ship) The abbreviation is followed by the name of the port of embarkation. The price of the merchandise is understood by putting along (side) of the ship at the named port on the dock or barge, with all costs and risks to that point by the seller. The buyer must dispatch the goods through customs. This term can be used only for transport by sea or inland waterways. |
| CFR (Cost & Freight) The abbreviation is followed by the name of the destination port. The price includes goods placed in the port of destination, with prepaid freight but not covered insurance. The seller must dispatch the goods through customs and it can only be used in case of transport by sea or inland waterways. |
| CIF (Cost, Insurance & Freight) The abbreviation is followed by the port name and the price includes the goods placed in the port of destination, with prepaid freight and covered insurance. The seller contracts the insurance and pays the insurance cost. The seller is only required to obtain insurance on minimum cover. This term can only be used in case of transport by sea or inland waterways. |
| CPT (Carriage paid to) The seller pays the freight for the carriage of the goods to the named destination. The risk of loss or damage is transferred from the seller to the buyer when the goods have been delivered to the carrier. The seller must dispatch the goods for export. |
| CIP (Carriage and Insurance Paid to) The seller has the same obligations as under CPT, but also has to pay an insurance. This term can be used with any mode of transport including multimodal. |
| DAP (Delivery At Place) Seller assumes all costs and risk, including major transportation and insurance (not required), until the goods are released to the defined Terminal. The buyer must bear the costs of customs formalities and the payment of tariffs and including all costs associated with the unloading of the goods from the transportation. Depending on the agreed place of delivery, Under the Incoterm DAP, the seller is responsible for the cost and risk until the goods have been put in the place agreed with the buyer. |
| DPU (Delivered at Place Unloaded) Seller assumes all costs and risk until arrival at the destination place. The seller assumes costs of customs formalities and the payment of tariffs and including all costs associated with the unloading of the goods from the transportation. This term replaces DAT (Delivered at Terminal) |
| DDP (Delivery Duty Paid) It Indicates that the seller must make the goods available to the buyer at the place specified by the buyer, including all costs associated with the unloading of the goods from the transportation). The seller will also bear the costs of customs formalities and the payment of tariffs. Under DDP Incoterm, the seller is responsible for the cost and risk until the goods have been put in the place agreed with the buyer. |