Incoterms 2010
All modes of transport
SELLER
EX Works (... named place)
CARGO
TERMINAL
CUSTOMS
CARGO
TERMINAL
BUYER
INCONTERMS
Code
EXW
RISKS
COSTS
Free Carrier (... named place)
RISKS
COSTS
FCA
Carriage Paid To (... named place of destination)
RISKS
COSTS
CPT
Carriage and Insurance Paid to (... named place of destination)
RISKS
COSTS
CIP
Devilered At Terminal (... name place)
RISKS
COSTS
DAT
Devilered At Place (... name place)
RISKS
COSTS
DAP
Devilered At Duty Paid(... name place)
DDP
Sea and inland waterway transport
SELLER
Free Alongside Ship (... named port of shipment)
CARGO
TERMINAL
CUSTOMS
CARGO
TERMINAL
BUYER
INCONTERMS
Code
FAS
RISKS
COSTS
Free On Board (... named port of shipment)
RISKS
COSTS
FOB
Cost and Freight (... named port of destination)
RISKS
COSTS
CFR
Cost, Insurance and Freight (... named port of destination)
RISKS
COSTS
Risks
The possibility that an event may ocur
which could cause loss of or damage
to the goods is a “risk”. Buyers and/or
sellers can protect themselves against
risks by transport-insurance.
CIF
Costs
Covers all costs except costs of
documents. Sales and purchase
contracts should clearly state which
costs on transfer of the goods are for
account of buyer and/or seller.
Remark: For detailed explanation reference is made to ICC publication INCOTERMS 2010.