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INCOTERMS 2000 - Chart of Responsibility

http://www.i-b-t.net/incoterms.html

Chart of Responsibility
When negotiating an international sales contract, both parties need to pay as muchattention to the terms of sale as
to the sales price. To make it as clear as possible, an international set of trade terms (INCOTERMS) has been adopted
by most countries that defines exactly theresponsibilities and risks of both the buyer and seller including while the
merchandise is in transit.
The following chart summarizes the responsibilities of both the buyer and seller for each of the current13
INCOTERMS. In addition, a definition for each term is included at the bottom of the page.
For a more complete description of each of the INCOTERMS, The IBT Guide to INCOTERMS 2000 book publishedby
International Business Training fully and clearly defines each of the new INCOTERMS that became effective January 1,
2000, and includes a number of case studies that demonstrate the use of thedifferent terms in real-life situations.
EXW

FCA

FAS

FOB

CFR

CIF

CPT

CIP

DAF

DES

DEQ

DDU

DDP

SERVICES

Ex
Works

Free
Carrier

Free
Alongside
ShipFree
Onboard
Vessel

Cost &
Freight

Cost
Insurance
& Freight

Carriage
Paid To

Carriage
Insurance
Paid To

Delivered
At
Frontier

Delivered
Ex Ship

Delivered
Ex Quay
DutyUnpaid

Delivered
Duty
Unpaid

Delivered
Duty
Paid

Warehouse
Storage

Seller

Seller

Seller

Seller

Seller

Seller

Seller

Seller

Seller

Seller

Seller

SellerSeller

Warehouse
Labor

Seller

Seller

Seller

Seller

Seller

Seller

Seller

Seller

Seller

Seller

Seller

Seller

Seller

Export
Packing

Seller

SellerSeller

Seller

Seller

Seller

Seller

Seller

Seller

Seller

Seller

Seller

Seller

Loading
Charges

Buyer

Seller

Seller

Seller

Seller

Seller

Seller...
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