Incoterm

With the compliments of:

Transport obligations, costs and risks
Seller

Carrier

Export clearance

Group E

Buyer

Import clearance

Departure

Critical points

Under EXW, the seller minimizes his risk by only making the goods available at his own premises

EXW

Group F

Carriage to be arranged by the buyer

Risks

Risk transfer from the seller to the buyer when thegoods
are at the disposal of the buyer

Costs

EX Works
(…named place)

Carriage of goods

Cost transfer from the seller to the buyer when the goods
are at the disposal of the buyer

Main carriage not paid by seller

Under F Terms, and under FCA unless otherwise agreed, the seller arranges and pays for the pre-carriage in the country of export

FCA

FAS

Free Alongside Ship(…named port of shipment)

Carriage of goods

Carriage to be arranged by the buyer or by the seller on the
buyer’s behalf

Risks

Risk transfer from the seller to the buyer when the goods
have been delivered to the carrier at the named place

Costs

Free CArrier
(…named place)

Cost transfer from the seller to the buyer when the goods
have been delivered to the carrier at the namedplace

Carriage of goods

Carriage to be arranged by the buyer

Risks

Risk transfer from the seller to the buyer when the goods
have been placed alongside the ship

Costs

Group C

Carriage to be arranged by the buyer

Risks

Risk transfer from the seller to the buyer when the goods
pass the ship’s rail

Costs

FOB

Free On Board
(…named port of shipment)

Costtransfer from the seller to the buyer when the goods
have been placed alongside the ship

Carriage of goods

Cost transfer from the seller to the buyer when the goods
pass the ship’s rail

Main carriage paid by seller

Under C Terms the seller arranges and pays for the main carriage but without assuming the risk of the main carriage

CFR

CIP

Carriage and Insurance Paid
to (…namedplace of destination)

Group D

Cost transfer at port of destination, buyer paying such costs
as are not for the seller’s account under the contract of
carriage

Carriage of goods

Carriage and insurance to be arranged by the seller

Risks

Risk transfer from the seller to the buyer when the goods
pass the ship’s rail
Cost transfer at port of destination, buyer paying such costs
asare not for the seller’s account under the contract of
carriage

Carriage of goods

Carriage to be arranged by the seller

Risks

Risk transfer from the seller to the buyer when the goods
have been delivered to the carrier
Cost transfer at place of destination, buyer paying such
costs as are not for the seller’s account under the contract
of carriage

Carriage of goods

Carriage andinsurance to be arranged by the seller

Risks

Risk transfer from the seller to the buyer when the goods
have been delivered to the carrier

Costs

CPT

Carriage Paid To
(…named place of destination)

Risk transfer from the seller to the buyer when the goods
pass the ship’s rail

Costs

Cost, Insurance and Freight
(…named port of destination)

Carriage to be arranged by theseller

Risks

Costs

CIF

Carriage of goods

Costs

Cost and FReight
(…named port of destination)

Cost transfer at place of destination, the buyer paying such
costs as are not for the seller’s account under the contract
of carriage

Arrival

Under D Terms the seller’s cost/risk is maximized because he must make the goods available upon arrival at the agreed destinationDAF

DDP

Delivered Duty Paid
(…named place of destination)

Carriage to be arranged by the seller

Risks

Risk transfer from the seller to the buyer when the goods
are placed at the disposal of the buyer on board the ship
Cost transfer from the seller to the buyer when the goods
are placed at the disposal of the buyer on board the ship

Carriage of goods

Carriage to be...